I am very happy to be amongst you to continue to serve the Council as its Chairman. Looking back at my journey with MMF textiles, this is a great honour and privilege for me. I express my profound gratitude to the members of the Committee of Administration for reposing their trust and confidence in me. It shall be my endeavor always, to address the problems of the members from all sections and voice their concerns with the various authorities and strive to resolve the same insistently. I welcome your suggestions/views and will respond to the same in a time-bound manner. I look forward to the continued participation of all the members in all the activities of the Council.
I take this opportunity to place on record our appreciation to Shri Anil Rajvanshi, the outgoing Chairman for the commendable and sincere work put in by him during his tenure and look forward to his continued involvement in all the activities of the Council.
On the export front things are improving with Country’s merchandise exports having registered a double-digit growth in the month of February 2017 and analysts believe that it could be the highest growth witnessed in about five years. It is also reported that improved international demand is one of reasons for the positive trend. I hope that this continues for the last month of the financial year and we can if not achieve the target at least go close to the mark. We are encouraged by the initiatives taken by the Government in announcing special packages for apparel in June 2016 and for made-ups in Dec. 2016. The industry is also benefitting from Government initiatives like the expanded MEIS, Interest subvention for pre and post shipment credit, Amended Technology Upgradation Fund Scheme (ATUFS), Pradhan Mantri Paridhan Rojgar Protsahan Yojana (PMPRY) and Scheme of Rebate of State Levies (RoSL), Integrated Skill Development Scheme for enhancing its growth and competitiveness.
Exports of Indian MMF textiles during April- Dec. 2016-17 has shown a decline of 11 per cent compared to the same period last year. The continued decline across all the segments viz. Fibre ( 12%), Yarn (11%), Fabrics(15%) and Made-ups (4%) is a matter of concern. In the wake of spurts in global demand a policy stimulus for the entire Textile sector is needed. We are hopeful that much more initiatives will be forthcoming for the Powerloom and in the Annual Trade Policy fronts which will give the much-needed boost to exports for the growth of the Textile sector in the Country. Continued policy support is the need of the hour for a labour intensive sector like Textiles in the wake of various distortions in global and domestic market.
Friends, as envisaged the roll out of Goods & Services Taxes (GST) is progressing as planned by the Government and the GST Council in its recent meeting decided that GST will be applicable from 1st July 2017. The Officers are working on the fitment rates and have finalized a four-tier tax structure viz. 5, 12, 18 and 28 per cent besides nil rate. The GST Council has also cleared a Union Commerce Department proposal for the nil rate to be applied for goods and services going to special economic zones. We need to be adequately prepared to face the challenges emerging from this land mark indirect tax reform, which would ultimately benefit the industry and the nation leading to increased GDP thereby enhancing the demand for goods and services across the board. I am certain this uniform tax regime across the value chain will bring positive changes in the textiles sector.
I am glad to mention that Council’s first ever Exhibition of Textiles – INTEXPO in Dubai organized on 19th & 20th February 2017 received positive response from the UAE buyers. UAE tops as the leading market for MMF textiles. I would like to take this opportunity to express our gratitude to Mr. Anurag Bhushan, Consul General of the Consulate General of India in Dubai for inaugurating the Exhibition and interact with the participants. I am also grateful to the Consul, Mr. Rahul Srivastava and his officials at the Consulate as well as the Embassy of India, Abu Dhabi for their support and help in organizing a successful Exhibition in Dubai.
Continuing its tradition of organizing events in the Africa region, this year also Council organized INTEXPO events in Ethiopia and Kenya from 6-10 March 2017. I wish to thank all the Member exporters who participated in these events. I express my sincere gratitude to Sh. Anurag Srivastava Ambassador of India to Ethiopia and Smt. Suchitra Durai, High Commissioner of India to Kenya for inaugurating the events in these countries. I also place on record our thanks to all the support given by the Embassy officials in both Kenya and Ethiopia.
The Council has also planned an extensive Export Promotional Programme for the year 2017-18. The prominent among them is Textiles India 2017, the first ever mega trade event depicting India’s strength in textiles realm to be organized by the Ministry of Textiles during 30th June – 2nd July 2017 in Gandhinagar. Friends, I seek your wholehearted co-operation and participation in these Programmes of the Council and help us to project India as a reliable sourcing destination of MMF textiles.
I wish to mention that Membership is one of the important pillars for sustaining the Council’s activities. May I call upon all our members to come forward and renew their membership for 2017-18 and strengthen the Council to enhance its activities for promotion of MMF Textiles exports and growth.
With warm regards,
SRI NARAIN AGGARWAL
20th March, 2017