The last fortnight of January and early part of February was packed with the Council organising events in different parts of the world i.e. in Colombia
The last fortnight of January and early part of February was packed with the Council organising events in different parts of the world i.e. in Colombia (Latin America), Turkey (Eurasia), and in Paris (Europe) with the active cooperation of the Ministry of Textiles.
During the fortnight the Ministry of Textiles also revealed a plan to organise a mega show in India for encompassing the entire spectrum of textile activity in India at one place for the benefit of buyers/ importers from across the world.
ColombiaTex is one of the important Fairs in Latin America, in which the Council has been organising group participation for the past 4 consecutive years. In the 2017 edition held from 24 to 26 January, 40 Indian exhibitors participated and exhibited all types of yarns, shirting fabrics, denims, grey fabrics, prints and suiting fabrics. In terms of number of companies, India is the 2nd largest participant next only to Colombia.
Ministry of Textiles had deputed Ms. Babni Lal, Economic Adviser to attend the Fair and gain first-hand knowledge about the market potential and formulate suitable strategy for increasing export of textiles from India to the LAC region.
A Seminar titled “Advantages of Sourcing Indian Textiles & Investment Opportunities” was also organized in which the presentation on opportunities of ‘Make in India’ were highlighted.
H. E. Shri. Prabath Kumar, Ambassador of India to Colombia, along with Ms. Babni Lal, Economic Advisor to Ministry of Textiles, Govt of India, Shri. Ujwal Lahoti, Chairman, Texprocil and Mr N. Ravindranathan, Director, Texprocil addressed the attendees at the Seminar and responded to various questions raised by them.
Participation of Indian companies was supported by excellent booth preparation and common branding organised by TEXPROCIL. Each stand had clear information both in English and Spanish on the nature of a particular companies’ business and their products on offer.
The 14th edition of International Istanbul Yarn Fair concluded at the Tüyap Fair Convention and Congress Centre in Turkey on February 5, 2017. The event serves as a platform which brings together the players in the yarn industry. Close to 240 companies presented innovations at the fair which were explored by visitors from around 77 countries.
The fair, which is the most important commercial gathering of the international yarn industry outside China, stands out as an opportunity not to be missed for yarn companies in the country that want to access new markets. India is the 6th largest supplier of Cotton Yarn to Turkey. India exported Cotton Yarn to the tune of US$ 6.11 Million in the calendar year 2015-16 to Turkey.
TEXPROCIL organised a group participation of 19 member companies at the Istanbul Yarn Fair held during February 2 -5, 2017 at the Tüyap Fair Convention and Congress Center, Istanbul, Turkey. The fair offered huge opportunity to sell Cotton Yarns and its blends to buyers not only in Turkey but also to buyers from other countries.
Dr Subrata Gupta, Joint Secretary, Ministry of Textiles, Govt. of India participated at the show and interacted with the Indian participants.
An interactive meeting to showcase ‘Incredible Textiles of India’ was also organised on the second day of the fair at the ‘Akdeniz Meeting Room’ venue inside the Tüyap Convention Centre. B2B interactions with the foreign buyers present at the meeting provided for a platform to showcase advantages of sourcing Indian textiles amongst international visitors.
The Tex-World show in Paris is currently underway and details will be available in the Newsletter to be published next fortnight. However reports for the first two days show that the response at the Fair has been positive and the sentiments in the marketplace are improving steadily, which is an encouraging sign.
A visit to the "PREMIER VISION" Show held on parallel days with the TEX-WORLD also drew a good response. It is a good sign that the number of Indian Companies participating in this event is increasing. Arvind Mills, Raymond UCO Denim, Winsome, Damodar Industries were some of the Indian Companies displaying at this prestigious event.
Mega Textile Show in India
Textiles India – An International Conference & Exhibition is being organised by the Indian Government on 30 June and 1st July 2017 in Gandhinagar, Gujarat. All stakeholders are coming under one umbrella for the very first time during this Mega Textile Show.
The show highlights would include 1000 exhibitors representing 95% of India’s total textile and apparel manufacturing, showcasing their products and services covering the total textile ecosystem in India to a targeted audience of 500 International buyers drawn from 20 countries, representing 80% of total global sourcing .The show looks forward to partner with countries viz. USA, UK, Japan, Korea and China for improving FDI in the sector and increasing sourcing from India. The participant partner states will include important textile hubs viz. Gujarat, Maharashtra & Andhra Pradesh.
Other highlights of the show include Chief Ministers of 10 States representing more than 90% of total investments in textile & apparel sector will announce new policy initiatives and investments in that State. For the success of the show 5 ministries are working together with a target of potential investment worth $12 Bn and showcasing all major initiatives of Government of India and its potential in textile industry.
TEXPROCIL is expected to participate in the Show with at least 100 exhibitors and also extend invitation to select and leading “Buyers” to visit the show for business.
Further details of the event are awaited but I would request all our member exporters to participate in large numbers and make the Show a huge success. Ministry of Textiles would to make it an annual event, thus providing an opportunity for all our “Buyers" to at least collectively visit at least once in a year.
Marketing Activities of the Council
Friends, as can be seen the Council has been making all of efforts to register it's presence in world markets with the active support of our fellow exporters and the officials from the Ministry of Textiles. In each of these events the senior officials of the Ministry were present to get a first-hand feel of the marketplace and interact with exporters and importers. The Council organised “Networking Meetings" as part of the Ministry of Textiles marketing plan. The catch line “Incredible Textiles of India" was prominently displayed on the fascia of all the participating Indian Companies and was an integral part of the publicity carried out at these events.
The feedback received from all these events shows that the sentiments are improving and business is being generated.
However issues relating to "high" Cotton prices, depreciation of the Turkish lira and the general "security" situation in Paris, Istanbul have also dampened the enthusiasm to some extent.
Friends, these issues are expected to get resolved in the course of time. In the meanwhile experience suggests that an aggressive presence in the marketplace inspite of perceived or real adversities is the only answer to increasing the market share and improving upon export performance.
It is in this spirit the Council has planned forthcoming events in Egypt, Korea, China ad Dubai.
I request all our exporter friends to participate in large numbers in these events in the coming month.
Ujwal R Lahoti