Detailed Information on Synthetic & Rayon Textiles Export Promotion Council (SRTEPC)

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is a trade and export promotion organization established to support and promote the export of synthetic and rayon textiles from India. The council was formed with the objective of fostering the growth of India's textile industry, focusing specifically on synthetic fibers and yarns, rayon, and their products.

History and Establishment

• Founded: 1954
• Headquarters: Mumbai, Maharashtra, India
• Registered under: The Companies Act, SRTEPC operates as a non-profit organization and works in collaboration with the Ministry of Commerce and Industry, Government of India.

The SRTEPC was set up in response to the growing importance of synthetic fibers in the textile industry. Synthetic and rayon fibers (like polyester, nylon, acrylic, and viscose) became increasingly popular globally, and India needed a platform to promote its textile exports in these categories.

Key Objectives of SRTEPC

1. Promotion of Exports: The central goal of SRTEPC is to promote the export of synthetic and rayon textiles, including yarn, fabrics, made-ups, and apparel. The council works closely with government bodies to increase exports and ensure that Indian manufacturers have access to international markets.
2. Assistance to Exporters: SRTEPC offers various forms of assistance to its members, including guidance on market trends, international regulations, export documentation, and government schemes for exporters.
3. Industry Representation: SRTEPC serves as the voice of the synthetic and rayon textile industry in India, representing its members' interests at various forums, including policy-making bodies and trade organizations.
4. Research and Development: SRTEPC works to develop new market insights and research studies that help members understand international market demands, competition, and technological advancements in the synthetic textile industry.
5. Market Access and Facilitation: The council plays a vital role in facilitating access to international markets by organizing exhibitions, trade fairs, and business delegations to various countries. This helps Indian textile manufacturers establish their presence in global markets.
6. Advocacy and Policy Lobbying: SRTEPC advocates for favorable policies related to textile exports, tariffs, and other trade-related regulations. They actively participate in the creation and implementation of trade policies that benefit the synthetic and rayon textile sector.

Products Promoted by SRTEPC

SRTEPC promotes the export of a wide range of products within the synthetic and rayon textiles category, which includes:

• Synthetic and Rayon Yarns: Polyester, nylon, acrylic, and blended yarns.
• Fabrics: Polyester, viscose, and other synthetic fabric types used for apparel and industrial applications.
• Made-ups and Home Textiles: Products such as bed sheets, pillow covers, towels, and upholstery.
• Apparel: Garments made from synthetic and rayon textiles, including both woven and knitted varieties.

Key Activities of SRTEPC

1. Trade Fairs and Exhibitions: SRTEPC organizes participation in international trade fairs and exhibitions, such as:
   • India International Textile Machinery Exhibition (ITME).
   • China International Textile Machinery Exhibition (CITME).
   • Texworld Paris. These events help members showcase their products to a global audience and build business networks.
2. Export Market Development: SRTEPC identifies new and emerging markets for synthetic and rayon textiles and helps its members establish business relationships with international buyers.
3. Skill Development and Training: The council conducts workshops, seminars, and training sessions to enhance the skills of textile manufacturers, exporters, and professionals. These programs cover topics such as international marketing, quality control, compliance with international regulations, and business management.
4. Export Promotion Schemes: SRTEPC assists its members in availing various government export promotion schemes such as:
   • Merchandise Exports from India Scheme (MEIS).
   • Focus Product Scheme (FPS).
   • Focus Market Scheme (FMS). These schemes offer incentives for exporters based on their export performance and the categories of products they export.
5. Trade Delegations: SRTEPC organizes trade delegations to various international destinations, allowing Indian textile exporters to explore new opportunities, meet potential buyers, and negotiate trade deals directly.
6. Market Intelligence and Reports: The council provides members with access to valuable market intelligence reports, trade statistics, and country-specific export information. This data helps businesses make informed decisions about entering new markets or adjusting their strategies.
7. Policy Advocacy: SRTEPC works closely with the Ministry of Commerce and other government agencies to ensure that the textile sector’s needs and concerns are considered when framing trade policies, tariffs, and regulations. The council has played an active role in various policy reforms for the benefit of exporters.

Membership in SRTEPC

• Membership with SRTEPC is open to manufacturers, exporters, and traders involved in the synthetic and rayon textile industry.
• The council offers different categories of membership, including:
  • Ordinary Members: Exporters and manufacturers of synthetic and rayon textiles.
  • Associate Members: Companies that provide services or products related to the synthetic textile industry, such as machinery suppliers, fabric finishing, or yarn producers.
  • Honorary Members: Individuals or organizations with special interest in the development of the synthetic and rayon textiles sector.

Members enjoy a range of benefits, including access to trade data, participation in trade fairs, networking opportunities, and updates on the latest market trends and government policies.

SRTEPC Services

• Advisory Services: SRTEPC provides guidance on export-related queries, including documentation, customs clearance, and certifications required for international trade.
• Trade Facilitation: The council helps members navigate the complexities of international trade by offering consultation services on export regulations, trade agreements, and customs procedures.
• Business Matching: SRTEPC assists its members by connecting them with potential buyers, importers, and partners globally, helping them expand their business and network.
• Quality Standards Assistance: The council offers support to companies in ensuring that their products meet international quality standards, certifications (like ISO, GOTS, etc.), and compliance with different countries’ import regulations.

SRTEPC’s Role in Indian Textile Exports

As one of the largest exporters of textiles globally, India’s synthetic and rayon textiles sector plays a significant role in its overall textile export performance. SRTEPC’s contributions help India maintain a competitive edge in the global textile market. The organization has been instrumental in India achieving a significant share in the global synthetic textiles market.

Challenges and Opportunities

While SRTEPC has been successful in its mission, the synthetic and rayon textiles industry faces challenges such as:

• Intense competition from other textile-producing countries like China, Bangladesh, and Vietnam.
• Increasing raw material costs.
• Sustainability concerns and the push toward eco-friendly textiles.

However, there are also opportunities, especially with the growing global demand for sustainable, high-performance fabrics. SRTEPC is actively working with the industry to help address these challenges by fostering innovation, sustainability, and market diversification.

Website Link: The official website of the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is:

www.srtepc.org

You can visit the website for more information on membership, services, events, and updates related to the synthetic and rayon textile export sector.

Conclusion

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) plays a vital role in the development of the synthetic and rayon textile export industry in India. Its comprehensive services, policy advocacy, and export promotion efforts significantly contribute to the growth of India's textile exports. Through its support, SRTEPC has helped Indian textile manufacturers tap into international markets, making them competitive on a global scale.