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'Farm to Fashion' Global Summi ...
The Convention Centre, GMDC Ground, Ahmedabad
04 - 06 May 2018

62nd Annual General Meeting



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CHAIRMAN PAGE

The global economic upswing that began around mid-2016 has become broader and stronger, says a latest report released by the International Monetary Fund (IMF). Global growth in 2017 was 3.8 per cent, the fastest since 2011. With financial conditions still supportive, global growth is expected to tick up to a 3.9 per cent rate in both 2018 and 2019.

Despite this positivity in the global economy, Indian textile and clothing exports recorded a shortfall of 0.4 per cent in the last financial year 2017-2018  reaching a level of US$ 35 billion largely on account of a decline in apparel exports. While exports of cotton yarn, fabrics and made ups grew at 4 per cent, outbound apparel shipments registered a 4 per cent decline, reducing from US$ 17.3 billion in 2016-17 to US$ 16.7 billion in 2017-18. There is thus an urgent need to get the momentum back in garment exports, keeping in mind the fact that when garments move, every segment of the textile value chain moves.

Notwithstanding the sluggish export growth, the Council continued with its trade facilitation and promotional initiatives by organising participation in 15th International Istanbul Yarn Fair held during 14-17 April, 2018 in Istanbul, Turkey; meeting senior officers at PMO and Ministry Textiles on 12th April; participating in the 1st Meeting of the Joint All India Coordination Committee on Textiles & Clothing Sector – an industry initiative to bring about consensus amongst the Textiles and Clothing stakeholders across the value chain; circulating information on various initiatives undertaken by Government of India for benefit of exporters; and inviting data and suggestions from members with regard to fixation of All Industry Rates of Duty Drawback for the fiscal year 2018-2019.

Istanbul Yarn Fair, Istanbul, Turkey

The Council organised participation in 15th International Istanbul Yarn Fair held during April 14-17, 2018 in Istanbul, Turkey. 22 Indian companies participated through TEXPROCIL which organised the Indian Pavilion under the MAI Scheme of Government of India. The Indian Pavilion was inaugurated by Mr Purnojyoti Mukherjee, Consul General of India in Istanbul Turkey. The Consul General visited the booths and interacted with all the TEXPROCIL participants. Most of the exhibitors were happy with the footfall at the fair and many of them have established good contact with the international buyers.

Meeting with Senior Officials

In our ongoing efforts to get the benefits of ROSL extended to the fabric sector, we met the senior officials in the Prime Minister’s Office (PMO) and Ministry of Textiles on 12th April in New Delhi. Our suggestions were well received and we are hopeful that they will be considered favourably.

Meeting of AICC on Textiles & Clothing Sector

The 1st Meeting of the Joint All India Coordination Committee on Textiles & Clothing Sector was convened on 18th April in New Delhi by CITI. TEXPROCIL along with all other Apex Textile and Clothing associations participated at the meeting which was an industry initiative to bring about consensus amongst the Textiles and Clothing stakeholders across the value chain. The purpose of the meeting was to have a complete value chain discussion on major issues of the textile and clothing industry. The meeting facilitated pooling of thoughts of the participating delegates across the value chain which will help to come out with a plan to bring this very complex industry to a high growth trajectory in the near future.

Government initiatives

During this period Government of India initiated various measures to support the exporters like continuing the Scheme for Integrated Textiles Parks (SITP) with modifications, issuing clarifications regarding ‘job work’, and development of Export Obligation Discharge Certificate (EODC) monitoring system (website- http://eodc.online), the information on which has been already circulated to the members.

The Ministry of Finance has also announced the rolling out e-way bill system in five states viz. Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh apart from Karnataka which is already operational. With the roll-out of e-Way Bill system, it is expected that trade and industry will be further facilitated in so far as the transport of goods is concerned, thereby eventually paving the way for a nation-wide single e-Way Bill system.

Drawback rates for Cotton Textiles

The All Industry Rates of Duty Drawback are revised and notified by the Government every year. The Council submits a detailed proposal to the Government every year for an increase in the Drawback rates for Cotton textiles. This year also the Government has started its exercise of reviewing the existing Duty Drawback rates and has sought inputs from the Council in this regard. Members may take a note that after the revised Drawback rates for 2018-19  are announced it will be difficult to get any changes or inclusion  made subsequently in the new  Drawback schedule with regard to the rates, description etc.

We would therefore request you to please send us Data related to exports, domestic purchase of inputs and imported inputs. We solicit your support and co-operation in the matter to enable us to prepare and send a consolidated proposal to the Government for an increase in the Drawback rates for Cotton Textiles.

Friends, we are making all out efforts to get the attention of the policy makers  and their mind space so that the Textile industry which has all the qualities to promote inclusive growth, provide large scale employment, gets the necessary boost. At the same time, a favourable currency supported by intensive marketing efforts could lead to better achievements in the first two quarters of the current fiscal year.

Ujwal R Lahoti
Chairman

::TEXPROCIL ::