The Synthetic & Rayon Textiles Export Promotion Council

FEDERAL TRADE FAIR FOR APPAREL & TEXTILE, MOSCOW, RUSSIA from 20th – 23rd September 2016

REF: MR/Ex/1326                                                                                    15thJune 2016

TO MEMBERS OF THE COUNCIL

Sub: Participation in FEDERAL TRADE FAIR FOR APPAREL & TEXTILE, MOSCOW, RUSSIA from 20th – 23rd September 2016

In continuation to the earlier circular of the Council, vide Ref: MR/Ex/1082 dated 1st June 2016  regarding participation in Federal Trade Fair for Apparel & Textile scheduled from 20th – 23rd September 2016 in Moscow, Russia, we would like to inform you further that

  • The Russian textile & clothing market will be growing at about 3.5–4% by the end of the year in terms of value to reach 3.21 trillion rubles (US$ 60.9 billion approx).
  • With China losing its position as the world’s leading textile manufacturer and Russia’s strained relationship with Turkey open Russia for exports from countries like India, Bangladesh, Vietnam, etc.
  • There are two major factors that make textile products imports to Russia from countries like India, Bangladesh, Vietnam, etc.  more competitive than from China are the prices and the lower import duties imposed by the Russian government.
  • Russian brands now opt for combined production. They purchase textiles including yarn, fabrics, accessories, etc. from abroad and then convert/sew in Russia where the cost of doing so is cheaper.

WHY TO PARTICIPATE IN RUSSIA- AN EMERGING TEXTILE HUB

  • During 2015, Russia imported about US$ 8 bn of textile products from the world in which India’s share was only 3% (US$ 262 mn). Imports of MMF textiles by Russia in 2015 were US$ 2 bn and India’s share was only 2% (US$ 38 mn).
  • More than 50% of the world's leading retail chains now operate in Russia. This has taken the country to an exclusive club of nations that command such attention from global merchandisers, with the existing members including the UK, the US, the UAE and China. A total of 52 global retail chains launched their first stores in Russia in 2015. 40 of them were opened in Moscow alone. Apart from Moscow, the most popular Russian cities with multinational retailers are St Petersburg, Yekaterinburg, Nizhny Novgorod and Samara. All of these cities are home to international standard shopping malls complete with globally significant anchor retailers, including Ikea (Sweden), OBI (Germany) and Auchan (France). Among the retailers making their Russian debut in 2015 also include Tsumori Chiasto, MCS, Malo, Nelva and Henry Cotton's.
  • In April of this year, the World Bank predicted that Russia would return to growth by a modest 1.1 per cent in 2017.
  • Russia is the one of the largest market for Turkish textile exports. However, the recently developed strained relationship between Russia and Tirkey has opened up opportunity for Indian textile exports. This is a good prospect for our Members to enhance their exports to Russia by establishing business contacts in the Russian market and to explore new opportunities, meet new buyers/importers and gain a foothold in this growing market.

In view of the above salient points, Russia has emerged as a potential and attractive market for export of MMF textile products from India.

PARTICIPATION FEE: This event is organized under MAI Scheme and hence a discounted rate of Rs. 1.35 lakhs has been fixed towards Participation Fee for a standard furnished booth of 9 sqm. It may be noted that this amount of participation fee does not include expenses relating to hotel accommodation, air-ticket of the representatives, etc.

Early Bird Discount (EBD) : An Early Bird Discount of Rs.10,000/- will be offered (on the participation charges mentioned above) to those companies confirming their participation with a non-refundable part payment of Rs.1 lakh along with the dully filled in “SRTEPC Reply Form & Federal Trade Fair Application Form” on or before 23rd  June 2016 (Thursday).  It may be noted that this EBD will not be available after 23rd June 2016 under any circumstances. The full payment towards participation charge should be sent on or before 14th July, 2016 (Thursday) the last date to confirm participation in the Fair. 

Booth Package: The Standard booth package for participation in the Fair includes fascia board with the company name, one display table, one round table, four chairs, four spotlights, one power socket, entrance pass, cleaning and night-time guarding.

How to ApplyAs the availability of space is limited and the participation is based on First-cum-first-served basis, interested member-companies are requested to confirm their participation by sending the duly filled SRTEPC Reply Form & Federal Trade Fair Application Form along with the participation fee as mentioned above at the earliest (No application will be accepted after 14th July, 2016).  The payment for participation can be sent directly to the Council by RTGS/Cheque/ Demand draft drawn in favour of “The Synthetic & Rayon Textiles Export Promotion Council, Mumbai”. Please note that the applications received by the Council without the payment will not be considered for confirmation of participation in the Fair.

Awaiting your immediate response.

Thanking you,

Yours faithfully,

 

V ANIL KUMAR
EXECUTIVE DIRECTOR

Encl: SRTEPC Reply Form & Federal Trade Fair Application Form