TO MEMBERS OF THE COUNCIL,
Re: Participation in TEXFUSION, an Int’l Fair of Textiles / Clothing in London from 31st October to 1st November 2018
As you are perhaps aware, The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is organizing participation of its member-companies and other Export Promotion Councils in “TEXFUSION”, which is being organized in London from 31st October to 1st November 2018. Since the participation is being organized by SRTEPC under the Market Access Initiative (MAI) Scheme of Ministry of Commerce, Govt. of India, the participation fees for the above Fair has been highly subsidized. Furthermore, members of any EPCs including SRTEPC, subject to the fulfillment of certain conditions, can also avail reimbursements of minimum costs of their economic class airfares for participant in the Fair.
Products on display: During the Fair, fabrics of all verities including embroidered, knitted, denim, eco-friendly fabrics, technical textiles, lace, fake fur, trims and fashion accessories, zips and apparels will be showcase by participating 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 UK market.
Top 3 reasons - Business People visit TEXFUSION:
Participation Charges: As against the actual costs of around Rs. 1.50 Lakhs (for Buyers seller Format of a 9 sqm sized space/slot), which is being charged by the Organizers of TEXFUSION, based on the financial grant given by the Ministry of Commerce (MoC), Govt. of India, under the MAI Scheme, SRTEPC has fixed a subsidized amount of Rs.1 Lakh towards charges for participation in TEXFUSION for its participants. Please note, the participation charge / fee payable by participants include costs for a BSM slot (admeasuring 9 sqm size as per the set-up of TEXFUSION format) with one Table, three Chairs, Sign/Company Name Plate, and two Rails (Stands for Fabrics). However, the participation charge/fee, mentioned above, doesn’t include airfares, hotel charges etc. of visiting Executives of participating Indian companies.
Special arrangement for reimbursement of costs of Airfares for eligible participants: 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-tickets. Member-participants from any other EPCs will also be able to avail this benefit.
How to Apply: In view of the above, though the Council has already closed the process of mobilizing participation of Indian companies, since still a few slots are available for confirming participation in TEXFUSION in London, in case, there is any company, which could not confirm its participation in the said Fair earlier, it can now directly confirm the booking of its participation with full payment of Rs.1 Lakh along with duly filled-in enclosed “APPLICATION FORM (download)” at the earliest but not later than 3rd October 2018 (Wednesday). Payment towards participation charge/fee can be made either by a cheque at par / 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 “APPLICATION FORM (download)”. Please note, no participation will be accepted, if full payment and duly filled-in Application Form do not reach to the Council on or before 3rd October 2018.
Trade Promotion Department
Encl: “APPLICATION FORM”