In a significant development for India’s textile industry, the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) is gearing up to unveil a cutting-edge dashboard dedicated to technical textiles. This innovative platform is set to revolutionize the industry by providing invaluable insights into the rapidly evolving world of technical textiles.
The forthcoming dashboard promises to be a comprehensive resource, offering real-time data on various aspects of technical textiles. Among its key features, it will highlight the technical textile products that are experiencing a surge in demand. This crucial information will not only benefit domestic producers but also contribute to India’s position as a global exporter of these specialized textiles.
One of the dashboard’s pivotal functions is to shed light on the international landscape of technical textile trade. It will provide insights into the countries that are exporting technical textile products and those that are importing them. This data-driven approach will enable stakeholders to make informed decisions and capitalize on emerging opportunities in the global market.
Bhadresh Dodhia, the Chairman of SRTEPC, emphasized the significance of this initiative. He noted that the United States, Japan, and West Asian countries have shown a growing interest in India’s package textile products (packatech). This surge in demand from international markets has been a primary driving force behind India’s robust technical textile exports, which have recorded an impressive 6 percent growth this year.
However, it’s not all smooth sailing for the textile industry. Dodhia also mentioned that manmade fiber and fabric exports, excluding garments, are expected to face a de-growth of 8-10 percent in the current financial year. This decline can be attributed to shifting global consumption patterns, which are influencing the demand for these specific products.
As the industry faces these challenges and opportunities, SRTEPC’s forthcoming technical textiles dashboard is poised to be a game-changer. By providing data-driven insights and fostering informed decision-making, it will empower India’s textile sector to navigate the evolving landscape of technical textiles with confidence.
Stay tuned for more updates on this groundbreaking development as SRTEPC prepares to launch the technical textiles dashboard, a tool that is set to shape the future of the industry.