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Participation in COLOMBIATEX during January 2018

24th October 2017

To,

Members of the Council

As part of the Export Promotion Programs approved by the Ministry of Commerce, Govt. of India for 2017-18, TEXPROCIL, as the Lead Agency, is organizing participation of member-companies in COLOMBIATEX in Medellin, Colombia, which is scheduled to be organized by M/s. INEXMODA from 23rd to 25th January 2018. In this regard, SRTEPC, as a coordinating Council, is given a very limited number of booths to accommodate its member-participants in this well-known International Fair in Colombia. This combined Fair is being organized under the MAI Scheme in association with the Embassy of India in Colombia and active support of the Ministries of Commerce & Textiles, Govt. of India.

The details of COLOMBIATEX are as follows :

  • Name of the Fair: COLOMBIATEX
  • Dates : 23rd to 25th January 2018 (Tuesday to Thursday)
  • Venue :  Plaza Mayor, Medellin, Colombia
  • Exhibitors’ Profile: Producers and Traders of Textiles, Textiles and Apparel Manufacturers and Traders, Textiles and Raw materials, Apparel equipments/machineries, Leather products and specialized services.
  • Product Profile: All types of Yarn, Fabrics, Made-ups, Shirting, Suiting, Denims, Home Textiles & Fashion Accessories, Textile Machineries and Leather products.
  • Participation fee: Rs.2.96 lakhs for a furnished booth of 9 sq. mtrs, which doesn’t includes costs of airfare, hotel accommodations, sending display materials and other related expenditures.
  • MAI Subsidy: Eligible member participants will be given a reimbursement of around Rs. 1 lakh towards costs of participation fee.
  • Reimbursement towards Airfares: In addition to MAI Subsidy, eligible participants will also get a reimbursement of an estimated amount of Rs.60,000 towards costs of their airfares.  
  • Booth Package : Participation fee includes built up stall of 9 sq. mtrs, 1 table, 3 chairs, 3 Spot lights, 1 Fabric Display Stand, 3 shelves, Power Socket, Dust bin, Company name on the Fascia of the Stall. Any other extra requirements will be charged extra by the Organizers.

Why Participate in COLOMBIATEX?

  • COLOMBIATEX is a renowned & established International Fair in the Latin American Region.  
  • Since a large number of buyers – both from Colombia and other countries in the Latin American Region and around throng to “COLOMBIATEX” in search of their potential future suppliers of textiles/clothings, COLOMBIATEX is an excellent platform for Indian manufacturer/exporters to showcase their products of textiles & clothing to establish Trade contacts and discuss business with their discerning International Buyers.
  • Around 300 National and International Communication Media help COLOMBIATEX broadcast good news of the textile and clothing sector of Colombia in particular, and Latin America in general.
  • During the Fair, the Organizers of the Fair are also scheduled to hold UPB knowledge Pavilion, conferences and workshops, which are scheduled to be attended by National and International Experts of the Industry, where Exhibitors and their work team can be trained appropriately for understanding and handling the dynamics of exporting to this highly potential Latin American Region.
  • This is an excellent Platform that allows Exhibitors to display their latest range of products to cater to the requirements of this vibrant Colombian International market in the Latin American Region, as this Int’l platform is one of the first stop-overs for all renowned Buyers, Fashion Designers and Owners of the well-known Buying Houses & Retail Chain Stores.
  • This special Trade Show in Colombia connects Exhibitors with best innovative ideas for doing trading in Latin America Region.

Colombian Textile/Clothing Scenario :

Colombia’s Clothing and Textile Industry is one of the largest and most experienced in Latin America. High Fashion segments of the Industry are well-developed and globally known.  There is tremendous unexploited potential for export of yarn including polyester-cotton yarns & cotton and fabrics of different varieties from India. Polyester fabrics, lining materials including polyester-cotton and other blended fabrics are in good demand. There is also great interest for embroidered and high fashion fabrics and made-ups from India. Colombia is a net exporter of apparels with 57% of Colombian-produced clothings are sold to International market. Well-known international brands that are present in the market include Levis, Chevignon, Diesel, Fionucci, Girbaud and Esprit. Colombia’s total import of textiles & clothing from the world was around USD 1.89 Billion in 2016.  India’s share in the Colombian market is, however, a meager 9%. Leading Suppliers of textile & clothings to Colombia include China, India, Pakistan, Indonesia, USA, Mexico, among others. Main countries from which Colombia imports Man Made Fibre (MMF) Textiles including Cotton are Mexico, USA, China, Republic of Korea, Brazil, Japan etc.

MAI Funding Conditions

In accordance with the recent amendments in the MAI guidelines, and conditional approval from the Ministry of Commerce, funding/subsidy for participation in “COLOMBIATEX” will be available, subject to the fulfilment of the following terms and conditions:

  • Those exporters, who have already availed subsidised fee-structure under MAI scheme for 3 or more times including past participation, will not be considered as ‘eligible’ participants to avail MAI benefit for further participation at this event.
  • However, exporters, who have already availed MAI benefit for 3 or more times, can participate in the Fair, but by paying full participation fee of Rs. 2.96 Lakhs (without any MAI Subsidy, as mentioned above).
  • Applicable MAI benefit towards subsidised participation fees, as mentioned above, will be passed on to eligible exhibitors after finalisation of the participation.
  • An exporter can avail MAI benefit for participation in a maximum of 2 approved events in a financial year.

Visa :

The Council in coordination with TEXPROCIL shall help participants to obtain Colombian Visa to visit the Fair with the help of the Indian Embassy in Colombia and the Ministry of Textiles, Govt. of India.

Hotel Reservation :

The Council in coordination with TEXPROCIL will also help in booking rooms for participants at competitive rates in a suitable hotel in Colombia, which will be finalized in co-ordination with the Embassy of India. Participants will, however, be free to make their own Hotel accommodation according to their specific choice.

Travel Arrangements : 

An official Travel Agency will be arranged for Group Travel and help in booking for air-tickets.  The Agency will provide details of suggested flight-schedules and do the needful for representatives of participating companies in this regard.  However, costs of air-fares will have to be borne by participating companies, and to be paid by them directly to the Travel Agency. Participants will also be free to use their own Travel Agents for buying their air tickets.

Making India Pavilion:

In order to get focused attention of visiting Buyers in COLOMBIATEX, all Indian participating companies will be accommodated at a demarcated area – called “India Pavilion”.  Special design on Facia of all the booths accommodated in India Pavilion will be used to help Indian participants to be noticeable among visiting Buyers in COLOMBIATEX.

Publicity and Promotion :

COLOMBIATEX being an Int’l Fair, though the Organizers will publicize this popular Fair extensively on their own, TEXPROCIL, as the Lead Export Promotion Agency, will also undertake an extensive pre-event publicity with the support from the Embassy of India and Chambers of Commerce & Industry in Colombia for attracting a good member of Buyers to visit India Pavilion for discussing business with their Indian Counterparts.

Cancellation Policy :
1. In case of cancellation / withdrawal of participation by any participant, participation fees will be forfeited on the basis of the following guidelines:

(a). If participation is cancelled before 61 days or more from the start of the Event: 50%

(b). If participation is cancelled within 30 - 60 days prior to start of the event: 75%

(c). If participation is cancelled in less than 30 days prior to start of the event: 100%

2. Booth allocation will be done by TEXPROCIL and will be binding to all Exhibitors. In case of any grievance, decision of the Executive Director of the Lead Agency will be final.

How to confirm Participation :

In view of the limited booth availability (less than 10 booths) with SRTEPC, and hence short time given by the Organizers for confirming participation in the COLOMBIATEX, member-companies, if interested in participating in the Fair, are requested to immediately send their duly filled in Application Form(copy along with the full participation fees by cheque/DD to be drawn in favour of The Cotton Textiles Export Promotion Council) at the earliest but not later than 6th November 2017 (Monday).  The amount of participation charge can also be paid to the Council through Bank transfer. For details of transfer of participation fee through RTGS, kindly refer the enclosed “Application Form”. Considering space constraint, confirmation for participation will strictly be given on “First-Come-First-Serve” basis.

Awaiting your reply very soon.

Thanking you,

Yours faithfully,

 

S. BALARAJU
EXECUTIVE DIRECTOR

 

Encl : a/a

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