Indian cotton has the highest intrinsic value and the Textile Commissioner, Kavita Gupta appealed to the trade to ensure that the fibre is contamination-free and not adulterated. Only clean fibre can be sold at a premium.
The Textiles Ministry has targeted to double the textile production in the next seven years. With the domestic production of textiles at 110 billion US Dollar and exports and trade at 40 billion US Dollar, the country’s production of textiles at present is worth 150 billion US Dollar. “The Minister is planning to trade to 300 billion US Dollar by 2025,” Gupta said at the inaugural function of the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) at the Southern India Mills Association (SIMA) premises on Friday.
To achieve the set target there is a need to increase productivity and yield levels of both cotton fibre production which stands at 6.5 billion kg and synthetic which at 2.5 billion kg, taking the total fibre availability to 9 billion kg. To keep the pace, it will be doubled to meet the target.
The industry was requested to look at value-addition and technical textiles as the exports of textiles growth was less. Gupta added that the journey of cotton and synthetic blends would go hand in hand in the years to come. She also said that Domestic price of the fibre is lower than international prices and are extremely comfortable.
– Apparel and Textile News, Apparel Talk, Indian Apparel
