I am glad to inform you that we have met the Secretary (Chemicals & Petrochemicals), Joint Secretary, (Ministry of Textiles) and Senior Government officials in the Ministry on 20th May 2019 and took up the pending issues pertaining to the MMF Textile Segment and appealed for suitable solution of the issues on priority basis. Our discussions were highly positive. I am optimistic on the Government’s consideration of our issues favourably and hope of resolving all the pending issues as soon as possible and in this regard I will keep you all informed and updated though circular, emails, etc. I also glad to inform that I met Shri Suresh Prabhu, Hon’ble Union Minister of Commerce & Industry and Civil Aviation, during a meeting organised by FIEO on 24th April, 2019 in Mumbai and updated him on the issues pertaining to the MMF Textile segment and given him a representation on our current issues. The Minister assured to look into the issues personally and make MMF textile trade smooth.
I along with Executive Director attended the Business Forum Meeting on promotion of bilateral economic, investment, trade co-operation & tourism between India and Uzbekistan. It was a fruitful meeting with H. E. Mr. Oybek Shagazatov, Vice Governor of Kashkadarya Region and H. E. Mr. Farhod Arziev, Ambassador of Uzbekistan in India and I requested them to nominate some leading textile importers from Uzbekistan whom we can invit for our ‘Source India 2019’. It was also informed that SRTEPC is planning to mount a trade delegation to Uzbekistan and for which required guidance and support was requested. SRTEPC representatives participated in a Conference on “America First & Make in India: Achieving USD 100 Billion Trade in Textiles” that intended to create, develop & sustain successful bilateral partnership in textiles between USA & India. Since the US is an important market for Indian MMF textiles, it is urgent to keep our focus on this market.
The Council’s emphasis has always been to serve its exporters by guiding and solving their problems. Towards this endeavour the Council has regularly been holding Seminars/Workshops/Interactive Meeting to educate its member-exporters on various issues confounding them. And recently organized a Seminar on GST both in Mumbai and Surat. The objective of the Seminar was to enlighten its member-exporters on two important issues pertaining to the MMF textile segment viz., GSTR – 9 and Financing Exports through Factoring. Although it has been almost two years since GST was implemented, exporters are yet to understand the intricacies of GST especially the liquidity crunch and blockage of working capital which is a common issue under the GST regime for which companies need to be provided with alternatives to sustain their export business. The Seminars in Mumbai as well as Surat were well attended by member exporters and proved to be an eye opener for them. The topics chosen by the Council were important and apt and in future too we shall be holding such Seminars to keep our exporters informed and updated on the happenings.
It is a matter of pride for Council to be lauded by one of our members for the timely support of the Council in resolving the critical issues which they were facing at the Customs. The concerned member has informed us that their 14 containers with textile goods were lying unattended at various ports resulting in heavy losses. The matter was taken up appropriately with the Customs and DGFT and pursued for early resolution of the issue. We would also like to take this opportunity to thank the concerned authorities of the Customs and DGFT for immediately resolving the issue of our member.
As you are aware, the Council has been pursuing individual issues of our members with various authorities and helping them in getting their pending claims cleared. In this regard, we are glad to inform that our member-exporters, M/s. Mohota Industries Ltd., Mumbai and M/s. Mohit Industries Ltd., Surat have received their pending Duty Drawback claims and IGST claims respectively with the persuasion of the Council.
I am glad to inform you that as part of its Export Promotion activities which is also a facet of the Council, will be organizing participation of its member-exporters in two well known international Exhibitions viz. Cairo Fashion & Tex in Cairo, Egypt and GOTEX in Sao Paulo, Brazil. The Council has been organizing participation in Cairo Fashion & Tex in the past and it has been successful in helping our exporters gain foothold in the Egyptian market. Egypt is a potential market for MMF textiles and participation in the Exhibition would be advantageous to our member exporters. Brazil too is a potential market; GOTEX is a renowned Exhibition in Brazil and I am confident that participation in it will be fruitful to our member-exporters. I therefore request member-exporters to participate in large numbers in both these Exhibitions; make it a success and in turn take exports of MMF textiles to greater heights in both these countries.
The work on Source India 2019- the flagship RBSM of the Council is progressing at a fast pace. Arrangements are being carried out to mobilize participation of member-exporters in the fourth of the series of RBSM. This time the Show is being held in Mumbai which is the nerve centre of commercial activity in the country and I am sure that this will attract more member-companies from South and North India to participate in the Show. I urge member-companies to come forward and take advantage of this unique opportunity;be a part of the Show and like the last three years make it a grand success.
Shri Ronak Rughani