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Preview in Daegu 2018

Circular No.  EPS/68/2017-18,         January 30, 2018  

Sub: Invitation to participate in Textiles Fair in South Korea
PREVIEW IN DAEGU-2018 March7-9, 2018

Dear Member,

We are glad to inform youthat the Council will be participating in the textiles fair to be held in SouthKorea in the month of March 2018. Details  are as under :

Title           : PREVIEW IN DAEGU 2018

 

Dates          :  March7-9, 2018 / 3 days

 

Timings     :  10.00 a.m to 6.00 p.m . Closing day ( 10.00a.m to 5.00 p.m )

 

Venue        :  1 F EXCO,Daegu, South Korea.

 

Booth size :  9 sq.mtrs each ( with basic facilityequipped)

We would invite you toparticipate in this event and benefit from the huge potential to developexports of textiles to Korea. Preview inDaegu 2018 is a fair for textiles includingYarn, Fabrics, Home textiles andGarments.

About Preview In Daegu 2018

Preview In Daegu is anestablished trade fair which takes place every year. The industry sectorscovered in this fair are textiles (including yarn), home textiles, fabrics andGarments. The fair which started in 2001 has over the years gained a reputationand attracts a large number of buyers from South Korea as well as from otherCountries.  The event is widelypublicized and this year also it will accommodate a large number of exhibitors. 

Last Fair

Thelast fair was held in 2017.

Totalnumber of visitors :  24,215 (including :  foreign visitors from 27 countries)
Totalnumber of exhibitors : 325 Companieswith 610 booths.
Buyers  Buyersfrom 27 countries including China, Japan, Europe, Asia, North America, The MiddleEast and Central and South America  had visited the exhibition.

About South Korea

(1)  South Korea is a high incomedeveloped country with a developed market and ranking 12th in theworld in terms of purchasing power parity (PPP).

(2)  
South Korea is one of thefastest growing and prosperous economy in the world.

(3)  
South Korea was one of thefew developed countries that was able to avoid a recession during the globalfinancial crisis.

Indian Exports of textiles to South Korea

Exports of textiles &clothing from India to South Korea in 2016-17 was to the tune of US$ 364.29 million.

India is the 3ndlargest exporter of cotton yarn to South Korea next to China and Vietnam.Exports of cotton yarn in 2016-17 was US$ 116.10 million.

India is the 3rdlargest exporter of cotton fabrics to South Korea next to China and Vietnam.Exports of cotton fabrics in 2016-17 was US$ 82.98 million.


India Export Statistics of Textiles & Clothing to South Korea

Commodity

Million United States Dollar

% Change

2014-15

2015-16

2016-17

2017/2016

Textiles & Clothing

368.31

353.79

364.29

2.97

Textiles

333.66

315.38

327.15

3.73

RMG CLOTHING

34.65

38.41

37.13

-3.31

Cotton Textiles

225.27

202.33

203.62

0.64

Cotton Yarn

142.03

107.81

109.69

1.75

Cotton Fabrics

70.46

81.42

82.00

0.71

Cotton Madeups

12.77

13.09

11.93

-8.90

        
          Source: GTA / Ministry of Commerce


Export potential  for  textiles & clothing from India to South Korea


(1)   Presently, South Korea is sourcing Textiles & Clothing products mainly from China.  Buyers in South Korea are looking at India as their alternate source of supply of Textiles & Clothing products. Indian exporters of Textiles & Clothing can capitalize on this development.
(2)   Since recent times, the awareness of the South Korean buyers about India Textiles & Clothing sector is increasing.
(3)   Under the Indo-Korea FTA, there is zero duty on import of fabrics, made ups,  home textiles and garments into South Korea from India , thereby offering greater market access  for Indian textiles into the South Korean market .
(4)    South Korea has got tremendous presence in apparels thereby providing good scope for the export of fabrics including Denim fabrics.
(5)   The purchasing power of the people in the country is very high thereby providing good scope for export of home textiles.
(6)   There is good potential to export yarns and raw cotton to South Korea from India.

Participation Fees

We are pleased to offer you a participation fees of Rs.1,20,000/-  for a 9 sq.mtr booth with standardaccessories.


Application for participation

For participating in the above Fair pleasesend us your confirmation as per Registration Form which is enclosed herewith (click here)along with a cheque for Rs.1,20,000/- towards the participation fees at the following address  (Cheque isto be drawn on The Cotton Textiles Export promotion Council payable inMumbai) to the following address :

TEXPROCIL
Engineering Centre ,
5th Floor, 9 Mathew Road,
Mumbai 400 004.
Telephone Nos.  022 23632910 / 11 / 12
Fax    :  022 23632914
Email  : 
ravikumar@texprocil.org, vimal@texprocil.org

Visa

TEXPROCIL will arrange for the Visa Recommendation letter tothe participants.


Invitation to participate in the fair


We would invite you to participate inthe Fair and benefit from the presence of a large number of  buyers / importers from South Korea as wellas other Countries.


Please note that we have limited spaceand preference will be given on the basis of First Come First Serve Basis andon receipt of full participation fees.  TEXPROCIL reserves the right toselect the participants.


For any further details /queries pleasecontact Shri A. Ravi Kumar, Joint Director, TEXPROCIL.


We look forward to hear from you at the earliest.


Regards,

Dr. Siddhartha Rajagopal
Executive Director

TEXPROCIL

INDIAN TRADE PORTAL