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It is a
matter of great honour for me to have been elected as the Chairman of TEXPROCIL
at the 66th Annual General Meeting of the Council that concluded on 5th
December 2020. I also congratulate
Mr. Sunil Patwari, Managing Director of Nagreeka Exports for being elected as the Vice Chairman of TEXPROCIL.
At the outset, we thank each one of our members for the strong support and confidence placed in us and we will do our best in the coming two years to fulfill the trust and confidence reposed in us.
I am glad to commence this journey on a positive note with the country’s economy showing signs of coming out of a deep slowdown in some sectors of the economy.
An encouraging sign is the consistent positive growth in exports of at least the cotton textile segment under the purview of our Council since the month of June 2020. The data for November 2020, has also marked a growth of 8.54 per cent reaching a level of USD 869 million against the exports valued at USD 801 million in the previous year, the same period.
It is only the steep fall in exports during the months of April and May, mainly on account of the severe lockdown imposed in the wake of a spreading pandemic that our overall exports for the cumulative period April - November, 2020 have declined by around 12.87%. Hopefully, if the present positive trends in exports continue during the remaining months of the present fiscal year, we should reach the export level of US$ 10.57 billion achieved in the fiscal year 2019-20.
Working towards the Goals
Friends, we are mindful of the vast agenda before us at the Council and will diligently continue to work with all the members in a proactive manner.
Towards this end, we hope to devise a strategy, whereby we will reach out to our members especially in textile clusters and other groupings around the country through individual contacts and our product sub-committees.
As a first step in this direction we have also appointed new Chairmen of sub-committees especially for cotton fabrics and madeups. We have a young entrepreneur Shri Nikunj Bagdia, owner of Ken Enterprises Pvt. Ltd. from Ichalkaranji, Kolhapur as Chairman of Fabrics Sub-committee. Shri K. K. Lalpuria, Executive Director and CEO of Indo Count Industries Ltd. has taken over as Chairman of the Madeups Sub-committee. As per the existing convention the Chairmanship of the Yarn Sub-committee is being held by Shri Ashwin Chandran, Chairman of Southern India Mills’ Association (SIMA). The southern region, as is well known accounts for around 55 per cent of yarn production and 60 per cent of exports.
The product sub-committees at TEXPROCIL continue to play a vital role by exchanging views on sectoral issues in a collective manner. The newly constituted sub-committees are being led by veterans and stalwarts who are at the helm of affairs and experts in their respective domains. I am sure that the Sub-committee Chairmen along with the active members will come up with suggestions on likely solutions to resolve the common issues in the best interest of the industry.
Friends, the membership of these sub-committees is open to all our members. We appeal to each one of you to take a lead in this participative endeavour by becoming a member of the product sub-committee of your choice depending on your main line of business.
TEXPROCIL on Social Media
Today, more than any other time in recent history, social media platforms have become the main source of information. Further the current situation (COVID-19) has acted as a catalyst to the ever-increasing rise in activation of social media platforms not only as a survival tool during the crisis, but also to actively build in its aftermath. Organisations are increasingly feeling the need to have an engaging presence on social media platforms to connect with stakeholders and reinforce relationships.
In the ‘new world’ where technology thrust has positively encouraged many of our entrepreneurs to embrace innovation and value-addition at the core of their businesses – the Council is aligning itself to assume a wider role by venturing into diverse areas for enhancing it’s engagement with the stakeholders.
As our immediate past Chairman, Dr K V. Srinivasan observed in his speech at the Council 's 66th AGM "As I demit office, and hand over the charge to my successor, I cannot help imagine a ‘New World’ taking shape where a thrust on technology is changing the way we think and do our businesses".
Realising the need of the hour, the Council has constituted a new Social Media Committee under the Chairmanship of a young and dynamic entrepreneur Shri Viren Todi, Partner at Brijmohan Purushottamdas Exports LLP. The idea is to enhance TEXPROCIL’s current presence on social media platforms including Twitter, Facebook, Linked-In and deliver crisp and articulate content for the benefit of the exporting community.
Friends, we call upon all our member companies to actively engage with the Council by sending us content related to their company’s achievements in their sphere of business activities. At the Council, we intend to popularise the CSR activities undertaken by our member companies that bear social and environmental relevance, skill development, capacity building and other activities aimed at the larger good of the community. Overall the objective is to create a vibrant community comprising our textile companies and resonate their presence across the world using the social media platforms. In this context, we urge all our members to send us content for social media on email to email@example.com (or) firstname.lastname@example.org.
As you are well aware, the Council is undertaking initiatives on various fronts to support the industry’s effort for revival of demand in the post pandemic world. In view of the COVID-19 led travel restrictions and the cancellation / postponement of physical shows for the year, TEXPROCIL is undertaking focused promotion by using the digital platform, under it’s flagship event titled “Ind-Texpo”, to promote ‘Incredible textiles of India’ amongst the textile buyers across the globe. We are also engaging our members in Webinars on topics of interest to provide an insight to deal with the present uncertainties.
In order to improve prospects of export of textile products from India, TEXPROCIL, at the instance of Embassy of India in Kuwait, organised a ‘Virtual Conference on Indian Textiles’ followed by a ‘Buyer Seller Meet’ on 18 November, 2020. The event also promoted national campaigns like ‘Invest India’ and ‘Atma Nirbhar Bharat’. The response to these initiatives has been encouraging and motivating.
Going forward, TEXPROCIL also organized ‘Ind-Texpo Sri Lanka’ – the virtual Buyer Seller Meet (BSM) on 2nd and 3rd December 2020. The two-day B2B event was supported by the High Commission of India in Sri Lanka and Joint Apparel Association Forum (JAAF) Sri Lanka. 13 Indian companies displayed their choicest products at the virtual booths. 25 buyers from Sri Lanka including significant Brands like Star Garments, Norwood fashions, Crystal Martin Ceylon, Teejay Lanka, etc. visited the virtual event and held meetings with the Indian companies. The participants expressed general satisfaction with the meetings and are pursuing the contacts and leads, off- line.
Considering the encouraging response from the participants in the virtual fairs organised so far, the Council is planning another such event ‘Ind-Texpo Egypt’ in the market of Egypt on 19th and 20th January 2021. Around 12 companies have already registered for the event and many more are expected.
We appeal to each one of our members to support the Council’s initiatives by participating enthusiastically in these online events.
Friends, we are leaving no stone unturned to enhance the Council’s role as a trade facilitator. Despite the day-to-day functioning being affected by COVID related restrictions, the grievance handling mechanism in the Council continues to function with our team of officers offering support to members by ‘Working from Home’.
We continue to receive representations on various issues affecting our exporters including some of the issues like non-availability of containers, continuation of MEIS scheme, implementation of RoDTEP Scheme, GST Refunds, Risky Category Exporters, Amendments in FTP etc.
To address these issues the Council organized a Webinar on December 23, 2020 which was well attended.
The objective of the Webinar was to guide the exporters on various aspects related to exports and also to take suggestions from the exporters on difficulty faced by them in their day to day interactions with the Regional offices of DGFT, Customs, Shipping Lines and the GST Commissionerates so that suitable representations can be sent to the Government.
Friends, as the year 2020 fades away, we all look forward to a bright 2021. As stated above, positive growth in exports of cotton textile products have been reported since June 2020. Some of our segments like Madeups are also reporting order booking atleast upto March 2021.
We are also hopeful that the changes in the policies on account of the upcoming Union Budget and Foreign Trade Policy will lead to a pro-business environment.
With the arrival of ‘vaccine’ even the health and safety of individuals are likely to be restored to normalcy, eventhough fears of a ‘second’ or even a ‘third wave' loom large as seen in the sudden lockdowns imposed in Germany, Italy, U.K and other European countries.
Notwithstanding, the scare, we do hope that the upcoming year 2021 will bring fresh tidings as we put away the year 2020.
It is in this spirit that we wish all our members ‘A very Happy and Prosperous New Year!’.