Date: 12th July 2018
TO MEMBERS OF THE COUNCIL
Re: Participation in TEXFUSION, London, UK from 31st October to 1st November 2018
We are glad to inform you that the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is organizing participation of its member-companies and others in “TEXFUSION”, London, UK from 31st October to 1st November 2018. This Event is part of the Export Promotion Program of the Council for 2018-19, which is approved by the Ministry of Commerce (MoC), Govt. of India under the Market Access Initiative (MAI) Scheme.
TEXFUSION is the first Trade Fair in UK, which caters exclusively to the demand of International textiles by European fashion trends, retailers and manufacturers. Since the well known “The London Textile Fair” (TLTF) was absolutely meant for the participation of the European companies, due to high demand for sourcing textiles from the non-European community by UK Buyers and store chain representatives, a new show called, “TEXFUSION” was created, which has been dedicated for participation by International companies. TEXFUSION has accordingly grown exponentially during the past years, and now the fair includes beside the fashion fabrics and accessories hall, 3 new additional halls that completely dedicated to technical fabrics, home textiles and garment manufacturers. Currently, TEXFUSION has become the largest UK Show focused on non-European textile manufacturers. The last show had more than 100 exhibitors, from 22 countries including UK, United States, Romania, Germany, Italy, Turkey, Brazil, South Korea, Taiwan, China and India.
Visitor Profile: TEXFUSION is the UK-destination for buying and design teams from leading fashion houses in search of fabric collections, and updates for the current season. The Fair attracts all of the influential High Street Multiples, manufacturers and designer brands. Exhibitors in TEXFUSION include companies - showcasing Fashion Fabrics, Technical Textiles, Garments, Accessories and Home Textiles. The combination of the two shows (including concurrently held: The London Print Design Fair) held during the last time attracted 2287 visitors in two days. An entirely dedicated new section for “Denim” launched during the last edition of TEXFUSION immediately received a very positive response from the British market. The increased multispectral offer was welcomed by the British Buyer, which was highly acclaimed by the top British and international fashion and textiles professionals. It’s worth to note here that TEXFUSION is dedicated only to the TRADE VISITORS, and hence, general public won’t be admitted in the hall.
Products on display: The Fair will showcase a wide and carefully selected range of fabrics of all types including embroidered, knitted, denim, eco-friendly fabrics, technical textiles, home textiles, lace, fake fur, trims, accessories, zips and apparels.
Why UK for organizing participation in Fair? India and the United Kingdom share a modern partnership, bound by strong historical ties. UK has been an important market for textile products. It is one of the leading textile importing countries in the European Union (EU). Recent exit of UK from the EU opened up excellent opportunities for India to enhance bilateral trade relationship directly with UK. The partnership has been proposed to grab the newly emerged trade/business/export opportunities. Huge feedbacks received during the last more than four years from member-companies for organizing a participation of Indian companies in UK also highlight the unrealized potential of the UK market by Indian companies.
Market Potential for Textiles & Apparels: UK is one of the highly potential and fast-growing textile & apparel markets in the world with an import value of more than US$ 29 Billion during 2016. India’s share in UK’s global import of textile products was around 8% (US$ 2.23 Billion in value terms). A brief analysis on UK’s import of textiles and clothing during 2016 reveals that India’s share in this market for Man Made Filaments and Man Made Staple Fibre products is 5.7% and 3.6% respectively, while non-woven and textiles for technical use is 3.3% and 1% respectively. Share of cotton, cotton yarn and woven fabrics is 8%. As regards wool and woolen products, India accounts for around 6% share in the UK’s market, whereas, in apparel and clothing accessories, India accounts for a share of 8% in the market.
Top 3 reasons - Business People visit TEXFUSION:
Participation Charges: As against the actual cost of Rs.1.60 Lakhs (for Buyers seller Format of a 6 sqm sized area) to be incurred by SRTEPC, based on the MAI financial grant given by the Ministry of Commerce (MoC), Govt. of India, Council has fixed a subsidized amount of Rs.1 Lakh towards charge for participation in TEXFUSION for its participants. Please note, the participation charge/fee payable by participants include costs for a BSM slot (admeasuring 6 sqm size as per the set-up of TEXFUSION format) with one Table, three Chairs, Sign/Company Name Plate, cloth, and two Rails (Stands for Fabrics). Any extra requirement is to be paid to the Organizers. This style and concept used by the Organizers has been found very successful by exhibitors & visitors alike over a long period of time, and accordingly, the same format is being continued even today. However, the participation charge/fee, mentioned above, doesn’t include airfares, hotel charges etc. of visiting Executives of participating Indian companies.
Subsidized participation charge due to MAI Funding by Govt.: Participation by member-companies organized by SRTEPC in TEXFUSION has been highly subsidized to an amount of Rs.1 Lakh, which is payable to SRTEPC towards charges for booking of 6 sqm area for participation of a company based on the format of BSM, as mentioned above.
Subsidized booth is available: One-Booth-One-Company Principle: Subsidized participation fee will be available – One-Booth-One-Company basis. Hence, any additional booths will have to be paid on actual cost basis - @ Rs.1.60 Lakhs for 6 sqm area (without MAI Subsidy).
Early Bird Discount: All participants, who will make full payment of their participation charge on or before 25th July 2018, may also like to avail an Early Bird Discount of Rs.5000. This facility will not, however, be available to anyone, if full payment is made after 25th July, 2018.
Special arrangement for reimbursement of costs of Airfares: In addition to the above mentioned subsidized participation charge/fee, any member-companies with their annual turnover not exceeding Rs.30 Crores in the previous year (2017-18) and subject to the fulfillment of a few other conditions will also be eligible to get reimbursement/refund of their airfares on a minimum cost-basis for Economy Class air-ticket.
VISA & Hotel accommodation: SRTEPC will facilitate efforts of participants to obtain their “VISA” to participate in TEXFUSION with the help of the concerned Indian High Commission, though necessary arrangements will have to be made to obtain VISA by participants themselves with their own costs. Similarly, though SRTEPC will also work out a group package with subsidized costs for booking their accommodation, all participants will absolutely be free to book their own accommodations directly on their own.
Allocation of Booths: Allocation of booths will be done on the basis of the format of TEXFUSION to get best attention of customers, as suggested by Organizers.
How to Apply: Interested participants can directly confirm the booking of their participation with full payment of Rs.1 Lakh along with duly filled-in enclosed “APPLICATION FORM” at the earliest but not later than 4th August 2018. Payment towards participation charge/fee can be made by a cheque/DD to be drawn in favour of “The Synthetic & Rayon Textiles Export Promotion Council, Mumbai” or by transferring the said fund through RTGS/NEFT based on the Bank details given in the enclosed APPLICATION FORM.
Selection of participation: Participation will absolutely be based on “First-Come-First-Serve” basis with full payment along with duly filled-in “APPLICATION FORM”.
Awaiting your confirmation soon.
Encl: “APPLICATION FORM”