Indian Synthetic fibre producers have urged the Government to eliminate anomalies in excise duty structure against the man-made fibre industry as it is affecting the growth. Currently, India’s share in global exports of value-added textiles of MMFs is around 3 per cent. India the world’s second largest producer of MMFs with presence of large plants having state-of-the art technology constitute almost two-third of the domestic textile market, but only 27 percent of India’s textile exports come from MMFs, it has not grown beyond US $ 40 billion.
