Invitation to participate in COLOMBIATEX in Medellin on Digital Platform from 18 January to 5 February, 2021

Date: 2^nd November 2020

TO MEMBERS OF THE COUNCIL,

Re: Invitation to participate in COLOMBIATEX in Medellin on Digital Platform from 18 January to 5 February 2021

Dear Members,

We are glad to inform you that SRTEPC will be mobilizing the participation of its member-companies in COLOMBIATEX being organized in Medellin, Colombia on a digital platform from 18^th January to 5^th February 2021. The Organizer of Colombiatex will be organizing this show on physical as well as digital platforms.  Since the program on a digital platform is being organized under the Market Access Initiative (MAI) Scheme of the Ministry of Commerce, Govt. of India, all participants will be given financial assistance through subsidized participation charges.

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 opportunities for the supply of yarns and fabrics for the manufacture of apparel.

The event will be published extensively by Inexmoda, the Organizer of the renowned International Fair in Colombia. The Council will also publicize the Fair suitably through a separate E-Catalogue, sending invites to relevant textile importers in Colombia and coordinate with the Indian Embassy to promote the event to the leading importers of textiles & clothing, among other publicity measures.

The highlights of participation in COLOMBIATEX on the Digital platform are as follows:

• Name of the Fair: COLOMBIATEX 
• Name of the City: Medellin City, Colombia
• Venue: On Digital Platform
• Duration of the Fair: 3 Weeks (from 18^th January to 5^th February 2021) 
• Name of the Organizers: M/s Inexmoda, Medellin
• Number of Exhibitors of SRTEPC: 20
• Expected number of Exhibitors: 450
• Expected number of Buyers: 7000
• Participation fee: Rs.35,000/- per company under MAI Scheme

Features and Benefits of the Digital Platform:

• Business relationship
• Profile of the Brand / User, with prior access to have their catalog, product portfolio, photos, videos, etc. online.
• Networking platform:  two-way scheduling of appointments, with bidders, buyers and attendees according to the profiles of interest. 
• Exhibitors guide (post-fair).
• Possibility of scheduling conference rooms for meetings with your buyers or special guests (launches, conferences, lives, collections, etc.).
• The capacity of the platform in terms of appointments will be more or less 10 a day with duration of 45 minutes, if necessary, the 10 employees can interact.
• Specialized information: Access to the Trends forum (possibility of making your company visible with samples for this forum) and access to free talks.

In view of the above, the Organizer will navigate the digital platform to explain the following steps to participants  :

• How companies should present themselves with their product profile
• How Buyers & Exhibitors locate, who have registered online to generate appointments.
• How to schedule appointments with buyers through the digital platform.

The training session will begin from 6^th November 2020

Textile Industry in Colombia

• Imports of Textile & Clothing by Colombia from the world were US$ 2.28 billion during 2018.
• India’s share in total imports of Textile & Clothing of Colombia is 9.46%, worth US$ 216 million in 2018.
• Textile imports of Colombia from the world account for nearly 71% (US$ 1.61 Bn.) of its total T&C imports.
• Clothing imports of Colombia from the world account for only 29% (US$ 0.67 Bn.) of its total T&C imports.
• Imports of Made-ups from the world reached over US$ 112 million with a share of nearly 4.89%.
• Colombia’s total imports of MMF textiles from the world during 2018 stood at US$ 1754 million, of which India’s share was only US$ 94.03 million (5.35%).

Hence, there is tremendous scope to increase India’s exports to Colombia and increase our market share.

Terms & Conditions of participation :

• Due to limited space, the participants will be accepted on a “First-Come-First-Serve” basis with full payment.
• Once payment is done by the exhibitor for the above event, a refund will not be entertained.
• The decision of the Management would be final in case of any confusion/dispute.

In view of the above, it is a ‘not to be missed’ opportunity to grow your export business and develop contacts in Colombia and neighboring markets like Peru, Brazil, Panama, Guatemala, Ecuador, Venezuela, Mexico etc. We look forward to receiving your confirmation of participation along with full payment of Participation charge on or before 21^st November 2020. Kindly fill the online Exhibitor Application Form to book your digital stall.

Payment can be sent through RTGS on the basis of the following Bank details :

Name of the beneficiary: The Synthetic & Rayon Textiles Export Promotion Council.
Name of the Bank: IDBI Bank Ltd. 
Branch: Mittal Tower C wing Ground Floor Nariman Point Mumbai 400021
Account No.: 0126103000005395
MICR Code No.: 400259002
IFSC Code No.: IBKL0000004

We look forward to receiving your confirmation soon.

Thanking you,

Yours faithfully,

S. Balaraju
Executive Director

Encl: Online Exhibitor Application Form (https://tinyurl.com/y35pp9pc)