Upendra Prasad Singh, Textiles Secretary released Compendium on MMF (Man Made Fibre) Garments during the Executive Committee (EC) meeting of the Apparel Export Promotion Council (AEPC).
He appreciated the efforts of the Council in bringing out the Compendium that covers details of all 90 MMF garment HS lines, including the top 10 high-potential MMF garments for the USA market.
It has the details of fabrics used to produce the 90 HS lines and their supplier details.
It is pertinent to mention here that the aim of the Compendium, which has details of HS codes, pictures, fabric suppliers and prices, is to ensure better preparedness by the industry.
Presently, MMF garments contribute to around US $ 165 billion in total RMG exports of US $ 470 billion globally.
India’s mill fibre consumption ratio of cotton versus MMF is 60:34. On the contrary, the global mill fibre consumption ratio of cotton versus MMF is 30:70; it gives a huge opportunity for Indian apparel manufacturers to diversify in MMF garments.
The Textiles Secretary further said that various schemes like the Rebate of State and Central Taxes and Levies (RoSCTL), proposed Production Linked Incentive (PLI) scheme and Mega Investment Textile Parks (MITRA) would help apparel manufacturers see their exports register a quantum jump.
He also assured the members of addressing the issues faced by the apparel exporters in increasing their share in the global apparel trade.
AEPC Chairman Dr. A. Sakthivel said that AEPC has also taken a number of initiatives to promote MMF garments and create awareness amongst member exporters about availability of opportunities for exports in MMF garments sector.