The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is organising participation of its member companies in Colombo International Yarn & Fabric Show (CIFS) to be held from March 10 to 12, 2016.
Sri Lanka is currently sourcing over $1.60 billion of MMF of synthetic and blended textiles from the global markets. India exported $201.82 million of synthetic and blended textiles to this market during 2014 with a market share of 12.30 per cent only. Considering this, the council feels that there is substantial scope for Indian players to further enhance their trade of MMF textiles with Sri Lanka. Keeping the prospects of this market in sight, SRTEPC has urged its members to participate in the fair to improve their trade relations.
The main products of MMF textiles that are exported to Sri Lanka includes suiting, shirting, PV woven fabrics, woven fabrics of polyester staple fibre, knitted fabrics of elastomeric yarn and synthetic fibres dyed, narrow woven fabrics, among many other varieties. In Yarn category, India exports nylon tyre cord yarn, polyester textured yarn (PTY), nylon textured yarn, and in fibre category viscose staple fibre (VSF) to Sri Lanka.
www.yarnandfabric.org
www.srtepc.in
