Hi there @kanidtha,
This has been on my "wish list" for a long time.....the only way I know of to do this in draft, is to show a sketch from 3D model face, then right click on the view to use "Convert to 2D View"....then use "Draw In View" to copy the text geometry, or whatever else......
It suddenly occurred to me you might be using 2D only version of Solid Edge, so in that case, you'll need to use "Save As Translated" to a DWG, the open that into an SE-draft template, right click on the imported geometry and choose "Un-Block" to explode the entities, such as the annoying [wish there was a way to hide that] text frame.
Hi there @AD_80,
I'm on Solid Edge ST9, so it will look a little different, but should have most of the same settings available. [highly recommend upgrading, if you are able to].....here are my setting, that result in a DXF with the text [as geometry] present, after running the "Unblock" command, to then delete the text boundary box.
NOTE : I have a shortcut added to the QAT [Quick Access Toolbar] for the "Save As Translated" command, in my first pic....normally, App Button > Save As > Save As Translated ~ DXF format.
NOTE : If you do make any changes to these setting, Solid Edge will ask you to save this to a NEW configuration [.INI] file......you might notice I've just appended an "underscore & SS" to it, and saved.
Hop this helps.....