I am pleased to inform you that Textiles India 2017, India’s first ever mega Textile Exhibition, encompassing all the stakeholders, held in Gandhinagar, Gujarat, was a grand success. I extend my sincere thanks to all our Exhibitor-Members, overseas Buyers and Participants for their wholehearted support for making all the initiatives of the Council fruitful. Many had applauded and appreciated Council’s efforts in various fronts of the Textiles India like signing MOUs, organizing Round Table Conferences, Seminars and BSMs which made us proud as one of the significant contributors.
The mega event, spearheaded by the Ministry of Textiles was inaugurated by the Hon’ble Prime Minister, Shri Narendra Modiji on 30th June 2017 amidst the presence of the Hon’ble Union Minister of Textiles, Smt. Smriti Zubin Irani, Hon’ble Gujarat Governor Shri O P Kohli, State Chief Ministers, dignitaries from the Government, reputed international buyers, Indian Exhibitors, Indian Buying House & Sourcing Agents and media. I am glad to inform you that the round table conferences on Waterless Textile Processing/3D Printing and Zero Liquid Discharge entrusted to us by the Ministry of Textiles were actively participated and the Seminar jointly organized by the Council jointly with ASFI on “Potential for Growth of Indian MMF Textile Industry” was well attended and appreciated by the Ministry.
I wish to inform you that the scale of the mega event was unprecedented, for instance, 65 Memorandum of Understanding (MoUs) were signed between the Indian and overseas textile associations of which Council had the privilege of signing seven MoUs. I am certain the medium-term impact of these agreements will be positive and could result in enhancing Indian Textiles growth and exports soon. It may also be mentioned that 103 member-exporters of the Council participated in the mega Show. The Council invited 186 buyers from 46 Countries around the world to attend the event. Preliminary reports show that Business amounting to nearly USD 75 million were transacted during the three-day event and Enquiry generated was around USD 17.60 million. We hope that with its resounding success, the mega event will be held in 2018 also to bring more business for Indian Textiles.
The mega Textile event also coincided with the announcement of implementation of GST on 1st of July 2017. The preparations for adopting this major indirect tax reform are on at full swing at all levels and Council had also organized training programs in Mumbai and Surat, also set up a help desk on GST for facilitating Members for clarifications. The Government on its part has been proactive on clearing doubts raised by the industry and I am sure with joint efforts of the Industry and the Government the transformation to the new GST regime will be without much difficulty. The implementation of GST is expected to bring about long-term benefits for the nation, including the Textile industry and the MMF textile industry. The textile sector had at all times requested on a uniform rate for the entire textile value chain. However, the Government has once again left the MMF textile industry in a lurch with varied tax rates and a high tax rate of 18% on MMF fibre and yarn. It is too early to determine the repercussions of GST but definitely the MMF industry would be adversely affected due to the discriminatory rates, unless immediate steps are taken to rectify the anomalies. Council has made representations to the concerned authorities to consider the matter and take corrective measures to revive the already suffering MMF textile industry.
As you are aware, the Council is organizing participation of its member companies in the forthcoming international Exhibitions viz Federal Trade Fair TEXTILLEGPROM, Russia and Cairo Fashion & Tex, Egypt under the MAI Scheme during early and mid-September 2017. Both Russia and Egypt have tremendous potential for MMF textiles and in the past the Exhibitions/Fairs in these countries have yielded satisfactory results. I hope members are taking advantage of Council’s promotional programmes abroad and encourage others to participate in large numbers to help in establishing Indian MMF textiles as a reliable source of quality products.
Let me once again remind members who have yet to renew their membership to do so to continue to avail the various export services and facilitations extended by the Council. The Council has been sending reminders to those who have not renewed their membership for the year 2017-18 and I once again request members to renew their membership and avail the various innovative facilities extended to exporters by the Council.
With warm regards,
SRI NARAIN AGGARWAL
20th July, 2017