Ref. No. MR/Brazil/1740 Date: 15th May, 2019
TO MEMBERS OF THE COUNCIL
Sub: Invite Participation in GOTEX, Sao Paulo, Brazil from September 10-12, 2019
We are pleased to inform you that the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) is mobilising participation of its member companies in Gotex, Brazil scheduled from 10 - 12th September, 2019 at International Fair at Expo Center Norte – Yellow Pavilion in Sao Paulo, Brazil. This fair has been approved by the Ministry of Commerce, Govt. of India and it will be executed in coordination with the Embassy of India, Brasilia, and Consulate General of India, Sao Paulo, Brazil.
GOTEX acts as a global sourcing platform for enabling not only the Brazilian but also most of the LAC importers, buyers, agents and textile designers to meet their future suppliers of textiles to source their requirements. Its first edition held in October 2013 in Sao Paulo, which exceeded expectations bringing together 340 exhibitors, and more than 5000 visitors. In the latest edition, the Show had a more qualified visitation than the previous years to check launches in the areas of fibres, yarn, trims, fabrics, home textiles, garments, etc. from Brazil, China, Italy, USA, Mexico, Peru, India, South Korea, Hong Kong, Taiwan, Singapore, Pakistan and Bangladesh. The Show will target at clothing & apparel manufacturers, importers, agents, chain stores/departmental stores, private labels, fashion stores, buying houses, trading companies, etc. in Brazil.
Market Potential:
As you are aware, Latin America and the Caribbean (LAC) is a huge market for export of textile products. During 2018 total imports of textile products (Textiles & Clothing) into LAC were around US$ 39 billion (equivalent to INR 2, 76,900 crores). However, Indian exporters are still not very familiar with this highly potential LAC markets. Due to this vast textile market of the LAC region and immense scope for exports, Government of India has considered this region as a Focus Area for exports. Among the LAC countries, Brazil is the largest consumer and leading market for textiles. Brazil alone imported about US$ 6 billion of textile products from world during 2018. A growing per capita income and the influence of Western nations makes it a country with high potential for textile industry. In case of exports of Indian Manmade fibre textiles also Brazil emerged as the leading importer among the LAC countries during 2017-18. Brazil is a member of MERCOSUR, which is the third largest integrated market after the European Union (EU), North American Free Trade Agreement (NAFTA).
Growing Exports of MMF textiles:
In the Brazil’s total US$ 6 billion import of textile products during 2018, more than 50% (US$ 3.3 billion) was Manmade fibre textiles viz., yarns, fibres, fabrics and made-ups.
Indian exports of Manmade fibre (MMF) textiles to Brazil have witnessed significant growth during last 5 years from US$ 290 million in 2014 to US$ 386 million in 2018 and India’s current market share is at around 10% in Brazil. There is huge scope for increasing our exports of MMF textiles to Brazil. Yarns are major MMF textiles being exported from India to Brazil constituting about 92% of our MMF textiles exports to this market followed by Fibre 4%, Fabrics and Made-ups 2% each.
Participation Fees:
Since the participation of member companies in Gotex is being organised under the Market Access Initiative (MAI) Scheme of the Ministry of Commerce & Industry, the amount of participation fee has been highly subsidized. In this regard to keep the participation charge at an even lower amount, in co-ordination with the organizers we worked out a possibility of having 6 sqm. sized booths. Charges of a 6 sqm. sized booth is Rs. 1,20,000/- only. Furthermore, all eligible companies (with zero to Rs. 30 crores turnover in the previous year) will be able to claim reimbursement of costs of 2-way airfares (maximum limit being Rs. 1,00,000/-), subject to the fulfillment of certain other conditions. Please note that the participation fees include expenses for a fully equipped booth of 6 sqm. with name on facia, lights, table, chairs, adequate furnitures/props for display. Participation fee also covers expenses towards publicity/promotion. However, the participation fee does not include air fares, hotel charges, etc. of representatives of participating companies.
Early bird discount:
An early bird discount of Rs. 5000/- can be claimed on participation fee of Rs.1,20,000/- (for a 6sqm. sized booth), if payment is made along with duly filled in Application Form on or before 30th May 2019. Please note, no early bird discount will be available after the expiry of 30th May, 2019.
Hotel Reservations:
Group bookings in Hotels will be arranged for representative of participating companies with the help of Indian Consulates in Sao Paulo. Details about the hotels and rooms will be informed to you later. Please note that payments to hotels for rooms will have to be made directly by the participants.
Travel Arrangements:
An Official Travel Agency will be appointed to arrange for Group travel and help in air ticket booking. The Agency will provide details of suggested flight schedules and do the needful for your representatives in this regard. However, airfares will have to be borne by the company and paid to the Travel Agency directly.
Very Important Terms & Conditions:
Cancellation Policy:
Cancellation of participation will be decided on the following:
Request to Apply Immediately:
As the Organizer of GOTEX is in the process of finalizing the details of the requirements, Member-companies are requested to immediately reply us by confirming their participation with full payment at the earliest to enable us proceed further in the matter. Attached herewith is the “Application Form (download)”, which the prospective applicants are required to fill-in, and return the same to us latest by 10th June, 2019.
Looking forward to hearing from you shortly.
Regards,
Yours faithfully
S.BALARAJU
EXECUTIVE DIRECTOR
Encl: “Application Form (download)”
