TEXPROCIL Celebrates Achievement of its Member Exporters with Annual Awards Presentation. Made Ups & Home Textile Sector may be Covered Under Another Special Package: Union Textile Minister
The Minister further stated that Prime Minister Narendra Modi has a vision of doubling the income of farmers by 2022. “We are happy the farm yield has already increased and the country hopes to become a leading producer of cotton.”
The event was inaugurated in Mumbai on 21st October 2016 with lighting of traditional lamp by Smt. Smriti Irani, Hon’ble Minister of Textiles who was also the Chief Guest at the event. Also present at the function was Dr Kavita Gupta, Textiles Commissioner.
Smt. Smriti Irani, Hon’ble Minister of Textiles later distributed the awards for excellence in exports of yarns, fabrics and home textiles. Leading textile companies like Welspun Global Brands Ltd, Vardhman Textiles, Trident Ltd., Alok Industries, Arvind Ltd, Loyal Textiles, GTN Textiles, Premier Mills, Paramount Textiles, SEL Group, Lahoti Overseas among others were some of the recipients of the awards.
Shri R K Dalmia, Chairman, Texprocil in his opening remarks congratulated all the award winners for facing the challenges of a slow global demand and intense price pressures to emerge leaders in their respective line of businesses during the year 2015-16.
He said that as per a recent WTO forecast, the global trade volumes would rise only by 1.7% this year. This would be the slowest increase since the 2008 financial crisis and the first time in 15 years that global trade has grown more slowly than world GDP, he added.
Shri R K Dalmia complimented the government on the announcement of the special package of Rs. 6000 Cr. for the apparel sector which he said was bearing fruit as the September export figures for apparel showed a growth of 12% compared to a downward trend for most other sectors.
The Chairman stressed that this special package also needed to be extended to the Made-ups and Home Textile sector as that sector is equally, if not more labor intensive in comparison to the apparel sector. He also said that it will act as a pull factor for increased consumption of fiber, yarns and fabric produced domestically.
Another critical area where the Government needs to move with vigor is to expedite the negotiation of Free Trade Agreements with EU, Australia and Canada, he said.
In countries like Turkey and China, high discriminatory tariff was posing a challenge in terms of market access into those countries. The Chairman pointed out that cotton textiles of HS Chapter 52 was the single largest contributor accounting for almost 20% of our exports to China and if duties were reduced they had the potential to reduce India’s trade deficit with that country.
Besides complimenting the Government on the likely introduction of GST from April 2017, Shri R K Dalmia also highlighted the oft repeated request of the industry that raw materials especially cotton should be available at international prices or lower.
Finally, Shri R K Dalmia mentioned that the spinning sector was going through rough times and the sector is looking up to the government for help and support. Inclusion of cotton yarn in the MEIS and extending the interest equalization scheme to merchant exporters will go a long way in reducing the stress levels in the Spinning sector as well as increase in exports.
As part of the international promotion campaign for Indian cotton textiles, the Hon’ble Minister released Texprocil’s newly designed corporate promotional literature including corporate brochures and pamphlets.
TEXPROCIL AWARD FUNCTION
TEXPROCIL, the first Export Promotion Council set up in India in the year 1954, and responsible for promoting exports of cotton textile celebrated the achievements of its member exporters at the Annual Awards function held here today. The Council is the international face of Indian textiles, a one point stop for those who wish to source textiles from India. It has 3000 members who are engaged in the exports of cotton textiles including yarns, fabrics and home textiles including made ups.
TEXPROCIL promotes exports through buyer seller meets, participation in trade fairs, in depth market studies and by leading delegations to explore potential of global markets. TEXPROCIL also assists the Ministry in formulating policies to promote textile exports.
Every year the Council recognizes the role played by exporters by giving out awards in different categories. This year the Council is distributing seventy three awards in thirty two different categories, including the coveted Gold trophy for the highest global exports.
TEXPROCIL’s awards are recognized world over by textile importers and hence exporters attach high importance to these awards.
For the period 2015-16, the Council members exported US$ 10.95 billion worth of cotton textiles and the Council has targeted US$14 billion worth of exports for the current financial year i.e. 2016-17.
Shri Ujwal Lahoti, Vice Chairman of Texprocil then proposed a Vote of Thanks and invited the guests for dinner.
Award 1: TEXPROCIL Annual Export Awards were presented by Smt. Smriti Irani - Union Minister of Textiles on 21st October 2016 at Mumbai. Seen from Left to Right, Dr. K.V. Srinivasan - Deputy Vice Chairman, Shri R.K. Dalmia – Chairman, Smt. Smriti Irani, Smt. Kavita Gupta – Textile Commissioner, Shri Ujwal Lahoti – Vice Chairman and Shri Rajagopal – Executive Director.
Award 2: Shri R.K. Dalmia, Chairman –TEXPROCIL is seen presenting memento to Smt. Smriti Irani - Union Minister of Textiles. Smt. Kavita Gupta –Textile Commissioner seen on extreme right.