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Participation in COLOMBIATEX, Medellin from 22nd to 24th January 2019. with financial grant Under the MAI Scheme, MoC, Govt . of India

Date: 05t October 2018

TO MEMBERS OF THE COUNCIL

Re: Participation in COLOMBIATEX, Medellin from 22nd to 24th January 2019. with financial grant Under the MAI Scheme, MoC, Govt . of India. 

Dear Member,

After organizing “Source India 2018”, the flagship Global Reverse Buyer Seller Meet of the Council from 21st to 23rdSeptember 2018 in Surat with excellent business outcomes by participating member-companies, SRTEPC will be mobilizing participation of its member-companies and others in COLOMBIATEX, being organized in Medellin City, Colombia from 22nd to 24th January 2019.

Participation of member-companies will be organized under the guidance of the Embassy of India in Bogota, and with the support of the Ministries of Commerce & Industry and the Ministry of Textiles, Govt. of India. Since the program is being organized under the Market Access Initiative (MAI) Scheme of the Ministry of Commerce, Govt. of India, all eligible participating companies will be given financial assistant through highly subsidized participation charges, subject to the fulfillment of certain conditions.

COLOMBIATEX is the largest Fair in Latin America for the entire Textile Value Chain, attracting buyers from all over the LAC region to source their textile requirements. The textile and apparel sector is one of the most important sectors in Colombia. The Colombian market offers tremendous opportunity for supply of yarns and fabrics for the manufacture of apparel

The event will be publicized extensively by Inexmoda, the Organizers of the renowned International Fair in Colombia. The Council will also publicize the Fair suitably through a separate Exhibitors Catalogue, sending invites to relevant importers in Colombia and coordinate with the Indian Embassy to promote the event to the leading importers of MMFT, branding of an “India Pavlion’ among other publicity measures

     The highlights of participation in COLOMBIATEX are as follows:

  • Name of the Fair           : COLOMBIATEX
  • Name of the City           : Medellin City, Colombia
  • Venue                            : Convention and Exposition Center, Plaza Mayor
  • Duration of the Fair      : 3 Days (Tuesday, Wednesday & Thursday) 
  • Dates                                       : 22nd, 23rd & 24th January 2019
  • Name of the Organizers           : M/s Inexmoda, Medellin
  • Exhibitor Profiles                    : Manufacturers, Exporters / Traders of Textiles, / Textiles Raw Materials, Textiles & Apparel Equipment and Machinery, specialized services.
  • Product Profile: All types of Yarn, Fashion Fabrics including Embroidered fabrics, Suiting, Shirting, Made-Ups, Fashion Accessories, Home Textiles etc,  
  • Participation Charge:  Since the specific amount of participation fee is being workout in consultation with the Organizers and the Embassy of India, the same will be communicated to you shortly.
  • Financial Grant
  1. As SRTEPC is organizing participation of member-companies in COLOMBIATEX, which is an approved program of MoC/MoT, Govt. of India under the MAI Scheme, all eligible participating companies will be offered MAI subsidy for reduced amount of participation charge, subject to the fulfillment of certain conditions.
  2. Participants will also be given reimbursement of the cost of airfares by Economy class, subject to the fulfillment of certain conditions
  3. Conditions for availing MAI subsidy:
    1. Exporters, who have already availed subsidized fees for participation in the Fair under MAI Scheme for 3 or more times during the past years —will not be able to get MAI subsidy for the 4th time participation in the Fair. But they will be allowed to participate in the Fair without MAI subsidy.
    2. An exporter can avail MAI benefit for participation in 2 approved events in a financial year.
    3. Only if a minimum of 20 ‘eligible’ exporters participate in this event, MAI funding will be made available to us
  • Visa: Though participants will have to obtain their visa on their own, the Council shall, however, facilitate their efforts to get Colombian Visa with the help of the Indian Embassy in Bogota, and the Ministry of Textile, Govt. of India
  • Hotel Reservation: Council will help to identify good hotels near to the venue at competitive rates in Medellin, in co-ordination with the Embassy of India for the benefit of our participants.
  • Travel Arrangements: SRTEPC will provide references of Travel Agencies to participants for arranging their group travels and help them for booking of air-tickets. If interested, the Agencies will provide details of suggested flight schedules and do the needful for your representatives in this regard.  However, cost of air-fares will have to be borne directly by concerned participating companies, and the same will have to be paid directly to the appointed Travel Agencies.

Colombian Textile/Clothing scenario: Colombia’s Clothing & Textile Industry is one of the largest and most experienced in Latin America.  The high fashion segments of the industry are well developed and globally known.  There is good potential for export of yarn including polyester-cotton yarns & cotton and fabrics, among other verities from India.  Polyester fabrics, lining materials including polyester-cotton and other blended fabrics are in good demand.  There is great interest for embroidered and high fashion fabrics and made-ups, suiting and shirting from India. Cotton fabrics and yarn are also demanded by the market. Colombia is a net exporter of apparels with 57% of Colombian-produced clothings are sold to the 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 1887.09 Million in 2017.  It’s global import of MMF Textiles was about USD 945 Million during the year 2017.  India’s share in the Colombian market is, however, a meager 7.3% (or around USD 69 Million).

High-lights of Market potential for Man-made Fibre Textiles:

Colombia is a potential market for Indian MMF textiles as per the statistics given below:

MMF Textiles Products

Import from World in 2017 (US$ mn)

Import from India in 2017 (US$ mn)

Share of India in 2017 (in %)

Fabrics

285.71

9.13

3.20

Made-ups

131.09

1.39

1.06

Yarn

443.19

55.1

12.43

Fibre

85.17

3.38

3.97

Total

945.16

69.00

7.30

  • Total import of man-made fibre textiles by Colombia in 2017 was US$ 945 Million, of which US$ 443.19 Million was yarn, US$ 286 Million was fabrics, US$ 131 Million was made-ups and US$ 85.17 Million was fibre.
  • Colombia’s import of MMF textiles from India during 2017 was US$ 69 Million - accounting for 7.30% share in its total import of MMF textiles.
  • Product share in the export basket of Indian MMF textiles to Colombia was yarn 80%, fabrics 13%, fibre 5% and made-ups 2%.
  • Main countries Colombia imported MMF textiles from were Mexico, USA, China, Republic of Korea, Brazil, Japan, etc.

Cancellation Policy: Withdrawal of participation from the above Fair will be allowed on the basis of the following:

  1. 50% Cancellation charge, if withdrawn 60 days or earlier to the start of the Fair
  2. 75% Cancellation charge, if withdrawn between 30 to 60 days prior to the start of the Fair. 
  3. No refund will be available, if withdrawn less than 30 days prior to start to the Fair. 

Apply for participation: In view of the limited number of booth and short time availability for making appropriate arrangements in co-ordination with the Organizers and Embassy of India, members interested in participating in the Exhibition are requested to send their dully filled in Application Form (download). On receipt of the details of payment from SRTEPC you need to transfer the amount of your participation charge to the Council within a week days’ time by a cheque at par / DD to be drawn in favor of “The Synthetic & Rayon Textiles Export Promotion Council, Mumbai. Participation charge may also be sent to the Council through RTGS/NEFT transfer based on the Bank details, given in the Application Form (download).

Considering the limited availability of time for confirmation of participation in the above Fair, we look forward to receive your confirmation very shortly.

Thanking you,

Yours faithfully,

 

S. Balaraju
Executive Director
SRTEPC

Encl: Application Form (download)

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