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FUTURE BUSINESS POSITIVE AS HUGE ORDERS BOOKED AT IND-TEXPO 2022

Published: September 8, 2022
Author: DIGITAL MEDIA EXECUTIVE

The leading show for cotton textiles and its blends,Ind-Texpo 2022 organised by The Cotton Textiles Export Promotion Council (Texprocil) concluded on 26th August 2022 in Mumbai. The three day Reverse Buyer Seller Meet which was held at the World Trade Centre, Mumbai from 24 to 26 August 2022, provided international audience with an optimum setting and platform for exchanging information and strengthening business relationships.

The Show had over fifty stalls of Indian suppliers displaying yarns, fabrics and home textiles while international buyers from over twenty countries invited by Texprocil visited the Show. Over 90 percent of all visitors and exhibitors were very happy and satisfied with their participation in the trade show expressing an interest to repeat their representation at the next edition of Ind-Texpo.

Chairman Shri Manoj Patodia said that feedback from both the exhibitors and visitors showed that orders booked on-site at the three day event were about US$ 6.4 mn (approx. Rs. 51 Crs) while future estimated orders which are in negotiation phase were about US$ 58.7mn (approx. Rs. 470 Crs). Given the current global market dynamics for cotton textiles, the order booking position at Ind-Texpo was a reflection of encouraging business prospects in the coming months, he added.

The Ind-Texpo Show was inaugurated by the Secretary, Textiles Shri Upendra Prasad Singh on 24th August with Smt. Roop Rashi, Textile Commissioner in attendance. Prior to the inauguration, the Secretary held a closed room interaction with 15 international buyers from 12 countries to understand global market conditions in their respective countries.

A major highlight and feature of the Ind-Texpo Show was the region-wise B2B Meetings organised in an exclusive demarcated B2B Area in three focused sessions over two days. Indian sellers had the opportunity to meet all the overseas buyers during these pre-scheduled B2B Sessions.

Shri Anil Anand, Corporate General Manager of NaharSpinning said that they received orders at the Show and were positive that future editions of the Show would go on to help exporters expand their reach globally. Shri C Chellapa, Vice President of Chennai based Loyal Textile Mills echoed similar positive sentiments regarding the B2B interactive Sessions as their company managed to bag orders on site.

Ms Lisette, Purchase Manager of Amle Industries srland a garment manufacturer from the Dominican Republic was happy to meet suppliers of fabrics in India and looked forward to come with a bigger delegation from Dominican Republic for the next edition scheduled in March 2023. Ms Belinda Coyle, of the Australia based Agile Sourcing was very satisfied with the suppliers of sustainable products in yarns, fabrics and home textiles at Ind-Texpo 2022.

 

Welcome Address by Chairman at Inauguration of Ind-Texpo

A very good morning to everyone!

Respected Shri Upendra Singhji, Textiles Secretary, Ministry of Textiles, Govt of India, Smt. Roop Rashiji, Textile Commissioner all our esteemed guests from overseas and my dear friends from the Indian textile industry…

At the outset, I thank all of you for sparing your valuable time in gracing today’s inaugural function at Texprocil’s flagship event and Reverse Buyer Seller Meet, Ind-Texpo 2022.

It is a proud moment for Texprocil today as we are hosting the second edition of the Show and many of you may recall that due to the outbreak of the Covid 19 pandemic, we could not hold the Ind-Texpo exhibition during the years 2020 and 2021.

I am glad that many of the international buyers who were sponsored by the Council to attend Ind-Texpo in March 2020 have once again shown faith in our Show by returning to visit Ind-Texpo in this edition and interact with Indian suppliers of yarns, fabrics and made-ups. We would like to thank them for their confidence and conviction in travelling from their home cities and attend Ind-Texpo to source Indian textiles for their requirements. It gives me immense pleasure to note that over 80 buyers from approx. 25 countries are attending the Show to meet over 50 Indian suppliers of cotton textiles and their blends.

There were many buyers from South and Central America who were keen to attend this time around but I am sure that they will return for our next edition which is scheduled in March 2023 in Delhi. Friends, the Indian textile & clothing industry has shown encouraging growth over the past many years and the industry grew by over 40% during the last year by reaching US$ 44 billion in exports. This was
almost 10.3% of our overall merchandise exports from India last year.

In the next 5-7 years, India’s textile industry could expand in size to $250 billion and achieve an export target of $100 billion if the industry focuses on innovation, sustainability, digitisation, developing newer products and utilization of Free Trade Agreements (FTAs). The industry should focus on taking maximum benefits from present FTAs concluded with UAE and Australia providing zero-duty access to Indian products in these markets.

As far as Cotton textiles is concerned, this sector grew by 54% over last year to reach a level of US$ 16.4 billion. With changes in market dynamics and shifting business patterns, I am sure that the Ind-Texpo
platform will go a long way in establishing and aiding trade relationships between India and the new & emerging markets and collectively we shall achieve the target by the end of this financial year.

Going forward the demand for sustainable, recyclable and innovative textiles is bound to grow. India is geared to meet the needs & requirements of the world in these category of items which are also being showcased and displayed by Indian exporters in Ind-Texpo 2022. I am sure that there are many among the overseas buyers who are looking for such products and we firmly believe that their search for such products will end at Ind-Texpo.

I would also like to thank the Ministry of Textiles and the Ministry of Commerce and Industry, Govt of India for their support in organising the Ind-Texpo exhibition. My sincere gratitude to our respected Textiles Secretary, who has given a patient hearing to the needs of the Indian textile and clothing industry and recommended timely and progressive policy interventions.

In the years to come we hope to build on the good will and reputation that brand Ind-Texpo is expected to create in the cotton textile space and we are sure that with the help and support of our esteemed
exhibitors and overseas buyers the dream of making Ind-Texpo a leading fixture in the calendar of global textile events will also be fulfilled. With these few words I would like to once again welcome our guests
from overseas and hope that they have an enjoyable India experience and also conclude by wishing our Indian suppliers an interesting and fruitful three days of business discussions with their counterparts from abroad at Ind-Texpo.

Council organised second edition of Reverse Buyer Seller Meet (RBSM)
Ind-Texpo 2022 at World Trade Centre, Mumbai from 24-26 August, 2022

Introduction
Ind-Texpo, the flagship RBSM event of TEXPROCIL was held from 24-26 August World Trade Centre, Mumbai with 50 Indian suppliers and 80 buyers from 20 countries attending the show to explore business opportunities in cotton textiles and their blends.

Ind-Texpo 2022 organised by The Cotton Textiles Export Promotion Council (Texprocil) provided the international audience with an optimum setting and platform for exchanging information and strengthening business relationships.

A major highlight and feature of the Ind-Texpo Show were the B2B Meetings conducted in an exclusive B2B area in 3 focused sessions organized region-wise. Indian sellers had the opportunity to meet all the overseas buyers during these B2B Sessions.

About Ind-Texpo 2022
The Ind-Texpo Show was inaugurated by the Secretary, Textiles Shri Upendra Prasad Singh on 24 th August with Smt. Roop Rashi, Textile Commissioner in attendance. Prior to the inauguration, the Secretary held a closed room interaction with 15 international buyers from 12 countries to understand global market conditions.

The participants at the interactive meet were from Australia, Egypt, Turkey, Thailand, Brazil, Slovakia, Iran, Malaysia, Dominican Republic, Poland, Kenya, Portugal, Bangladesh and Sri Lanka covering those sourcing yarn, fabric, home textiles across fibres – cotton, poly, viscose among others. There were representatives from the Hospitality Sector too, with most of the buyers reflecting the need for sustainable, organic and recycled products.

While the Australian representative looked forward to dividends of India Australia FTA, better Quality Assurance and Communications from the Indian suppliers and recycled Cotton products, the Polish Hospitality sector seemed poised to strengthen its relationship with our Made-ups suppliers. The Malaysian buyers were looking to shift from China sourcing while Iran was looking forward to sourcing more of home textiles. Kenya and Tanzania on the other hand were looking to shift sourcing to India from Pakistan.

During the inauguration of the event held physically after a gap of two years, Secretary Textiles briefed the participants on policies and programs to fill the structural gaps in supply chain while he urged the buyers to look at a wide and unique array of handlooms that India produces, as part of their portfolio for sourcing.

On the evening of the first day i.e. 24 th August, the Council organised a Networking Dinner for the overseas guests and the exhibitors. Indian dance forms of various kinds were presented reflecting the rich culture and traditions of India.

Exhibitor Profile
Exhibitors showcased all types of yarns, fabrics and home textiles with an array and range of organic and recycled products.

Visitor Profile
The overseas buyers were a well balanced mix of manufacturers, wholesalers, hoteliers and agents. Garment makers looking for finished fabrics were also part of the delegation.

Feedback
Over 90 percent of all visitors and exhibitors were very happy and satisfied with their participation in the trade show expressing an interest to repeat their representation at the next edition of Ind-Texpo.

The feedback from both the exhibitors and visitors showed that orders booked at the 3 day event were about US$ 6.4 mn (approx. Rs. 51 Crs) while future estimated orders in negotiation phase were about US$ 58.7mn (approx. Rs. 470 Crs). Given the current global market dynamics for cotton textiles, the order booking position at Ind-Texpo was a reflection of encouraging business prospects in the coming months.

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