61st ANNUAL REPORT - 2014-15

Transcription

THE COTTON TEXTILES EXPORT PROMOTION COUNCIL
COMMITTEE OF ADMINISTRATION 2014-2015
Shri R K Dalmia, Chairman
Shri Ujwal R Lahoti, Deputy Chairman
Dr. K V Srinivasan, Vice Chairman
Shri Manikam Ramaswami
Shri Amit Ruparelia (up to 13.09.2014)
Ms. Preeti M Sheth
Shri Arun Todi
Shri D. L. Sharma
Shri Ketan Manek
Shri Vishnukumar Jalan
Shri Manojkumar Patodia
Shri Umang Patodia
Ms. Mridula Ramesh
Shri K. M. Poddar
Shri Parag H Udani
Shri K. Hari Thiagarajan
Shri Aditya Krishna Pathy
Shri Rajesh R. Mandawewala
Shri Prakash Shah (from 13.09.2014)
Ms. Kiran Soni Gupta, Textile Commissioner (from 17.05.2014)
Shri Ashwin Chandran
Shri Naishadh Parikh (up to 13.09.2014)
Shri S. K. Khandelia (from 13.09.2014)
Shri Mukund Choudhary
Shri Sunil Patwari
Shri R. K Agarwal (up to 13.09.2014)
Shri Adarsh Kanoria
Ms. Sunaina Tomar, JS, MOT
Shri T. Rajkumar
Shri S. Dinakaran
Shri A. L. Ramachandra (up to 13.09.2014)
EXECUTIVE DIRECTOR
Shri Siddhartha Rajagopal
AUDITORS
B. K. Khare & Co.
Chartered Accountants
706-708, Sharda Chambers,
New Marine Lines,
Mumbai – 400 020
INTERNAL AUDITORS
Ramesh C Shah & Co.
Mumbai - 400 001
SOLICITORS
Mulla & Mulla & Cragie Blunt & Caroe.
Advocates, Solicitors & Notaries
Mumbai - 400 023
BANKERS
State Bank of India
Bank of Baroda
Punjab National Bank
ICICI Banking Corporation Ltd
Kotak Mahindra Bank
Punjab & Sind Bank
The Cotton Textile Export Promotion Council
Engineering Centre, 5th Floor, 9, Mathew Road, Mumbai - 400 004
NOTICE OF THE ANNUAL GENERAL MEETING
NOTICE is hereby given that the 61st Annual General Meeting of the Members of the Council will be held
at 12.00 Noon on 1st September 2015, at Lotus Room, Hotel Trident, Nariman Point, Mumbai to transact
the following business: -
1. To receive and adopt the report of the proceedings of the Committee of Administration of the Council for
the year 2014-15 as per Articles 30 (c) & 69 of the Articles of Association of the Council.
2. To receive and adopt the Audited Balance Sheet and Income & Expenditure Account of the Council together
with 61st Report of the Committee for the year 2014-15, as per the Articles 30(c) & 69 of the Articles of
Association of the Council.
3. To elect a Member of the Committee of Administration of the Council in place of Shri R.K Dalmia (in the
category with an Export Performance “more than Rs. 25 Crores”) who retires by rotation and is eligible for
re-election.
4. To elect a Member of the Committee of Administration of the Council in place of Shri Ujwal R Lahoti (in
the category with an Export Performance “more than Rs. 25 Crores”) who retires by rotation and is eligible
for re-election.
5. To elect a Member of the Committee of Administration of the Council in place of Dr.K.V.Srinivasan (in the
category with an Export Performance “more than Rs. 25 Crores”) who retires by rotation and is eligible for
re-election.
6. To elect a Member of the Committee of Administration of the Council in place of Shri Ketan Manek (in
the category with an Export Performance between Rs.5 Crores and Rs. 25 Crores) who retires by rotation
and is eligible for re-election.
7. To elect a Member of the Committee of Administration of the Council in place of Shri Adarsh Kanoria (in
the category with an Export Performance between Rs.5 Crores and Rs. 25 Crores) who retires by rotation
8. To elect a Member of the Committee of Administration of the Council in place of Shri Aditya Krishna Pathy
(in the category with an Export Performance between Rs.5 Crores and Rs.25 Crores) who retires by rotation
9. To appoint Auditor of the Council to hold office from the conclusion of this meeting until the conclusion
of the next Annual General Meeting and to fix their remuneration.
10.To consider any other business with the permission of Chair.
By Order of the Committee
SIDDHARTHA RAJAGOPAL
EXECUTIVE DIRECTOR
Mumbai, 14th July 2015.
61ST ANNUAL REPORT 2014 - 2015
1
Annexure to Notice
Note to Member Exporters:
1. A Member entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend
and vote on his behalf and the proxy need not be a Member of the Council.
2. A proxy in order to be valid should be duly completed, stamped, signed and lodged at the Registered Office
of the Council not later than 48 hours before the meeting.
3. The facility for voting, either through electronic voting system or ballot or polling paper shall also be made
available at the meeting and members attending the meeting who have not already cast their votes by
remote e-voting shall be able to exercise their right at the meeting.
4. The members who have cast their vote by remote e-voting prior to the meeting may also attend the meeting
but shall not be entitled to cast their vote again.
PROCEDURE FOR VOTING BY ELECTRONIC MEANS
1. Ballot Paper along with the circular setting out the procedure for e-voting for elections and information
about candidate will be dispatched to members on 3rd August 2015.
2. All such members who wish to participate through E-voting need to register themselves by sending email
to the Council on or before 26.08.2015 by 5.00 p.m. The following details need to be mentioned in the
email: a) Name of the Company
b) Membership Number
c) Name of the Authorized Representative (already registered with the Council) who is going to exercise
voting right
3. A person whose name is recorded in the register of members of the council shall only be entitled to avail
the facility of remote e-voting.
4. The voter will then need to log on to the link provided to them by the designated agency holding
Standardization Testing and Quality Certification (STQC) (to be notified separately) using membership number
as User ID and the password sent to them not less than three days prior to the date preceding the date
of the Annual General Meeting.
5. As the AGM is scheduled to be held on 1st Sept 2015, the E-voting will commence on 28.08.2015 at 10.00
a.m. and will be open till 5.00 p.m. on 31.08.2015 for electing Members of the Committee of Administration
and voting on various resolutions.
PROCEDURE FOR COUNTING OF E-VOTES
1. E-Votes received will be stored in a secured setup which will be accessed by the Scrutineer for a final tally
of the Votes.
2. The Scrutineer, after scrutinizing all the votes cast through ballot/polling paper and through remote e-voting
will make a consolidated Scrutineer’s report and submit the same to the Chairman.
3. Any clarification/doubt/dispute on matters concerning polling/identification/eligibility to vote, validity of the
vote cast, counting of votes and declaring the results will if deemed necessary, be referred to the aforesaid
Scrutineer whose decision shall be final and binding on all concerned.
2
Report of
The Committee of Administration of The Council
for the Year 2014-2015
TRENDS IN INTERNATIONAL ECONOMY
As per a WTO report (April, 2015) growth in world merchandise trade is expected to pick up only
slightly over the next two years, rising from 2.8% in 2014 to 3.3% in 2015 and eventually to 4.0% in
2016. As the DG, WTO observed recently (April 2015), “it is only by withdrawing protectionist measures,
improving market access, avoiding policies which distort competition and striving to agree on reforms to
global trade rules, governments can boost trade and seize the opportunities that it offers for everyone,
in the years to come”.
Several factors contributed to the sluggishness of trade and output in 2014 and at the beginning
of 2015, including slowing GDP growth in emerging economies, an uneven recovery in developed
countries and rising geopolitical tensions among others. Strong exchange rate fluctuations, including a
14% appreciation of the US dollar against other currencies between July, 2014 and March, 2015 have
further complicated the trade situation and outlook.
Seen in the pic.
Hon’ble Minister of
State for Textiles
(I/C) Shri Santosh
Kumar Gangwar
addressing the
gathering during his
first visit to Mumbai
on 23rd June 2014.
An interface with the
representatives of
the textile industry
was coordinated by
TEXPROCIL under
the guidance of O/o.
Textile Commissioner,
Mumbai.
3
WORLD MERCHANDISE TRADE
World merchandise trade during the last three years has grown steadily even though the growth
rate is below 3%. Recording a growth of 2.8% in 2014, world merchandise trade was valued at USD
19.31 trillion as shown in Table I.
Share of textile and clothing in overall merchandise trade has also increased marginally during the
last three years rising from 3.86% in 2012 to 4.31% in 2014.
Table I: Textiles and Clothing in World Merchandise Trade
(Value in Billion USD)
Category
2012
2013
2014
World Merchandise Trade
18344
18784
19310
% Growth in World Merchandise Trade
2.20%
2.40%
2.80%
*World Textile & Clothing Exports
% Growth in World Textiles & Clothing Exports
% Share of Textile & Clothing in World Merchandise Trade
711
765
797
-2.47%
7.59%
4.24%
3.86%
4.07%
4.31%
Source: WTO & GTIS
WORLD TRADE IN TEXTILE AND CLOTHING
The world trade in textile and clothing was estimated at USD 797.19 billion in the year 2014 and is
expected to grow at a CAGR of 6% in the coming years, increasing to USD 1,180 billion by 2020 with
clothing occupying the major share followed by fabrics and yarn. The textile and clothing sector employs
over 170 million people worldwide, predominantly in Asia.
TEXPROCIL EXPORT
AWARDS 2013-2014
were distributed by
Shri Santosh Kumar
Gangwar, Hon’ble
Minister of State for
Textiles (I/C) at a
function held in Hotel
Trident, The OberoiMumbai on 12th
September 2014. Seen
in pic. Hon’ble Minister
(Centre), unveiling
the “Crystal Globe”special memento
signifying 60 years of
TEXPROCIL’s export
promotion activities
around the globe. Also
seen are Chairman
TEXPROCIL (Left) & Shri
Sanjay Kumar Panda,
Secretary, Ministry of
Textiles (Right).
4
Figure I: World Textile & Clothing Exports
900
800
Billion USD
700
600
500
400
300
200
100
-
2010
2011
2012
2013
2014
Textile
234
337
323
340
346
Clothing
368
392
388
425
451
T&C
602
729
711
765
797
During the period of 2010–2014, textile exports have grown at a CAGR of 10.27% and clothing
exports have shown a growth of 5.56%. Together T&C sector has grown at a CAGR of 7.27% during
the five year period.
Global trade in textiles & clothing is estimated to have grown by 4.24% during 2014 over the
previous year. Clothing trade is estimated to have grown by 6.03% and Textiles by 1.99% reaching
USD 451 billion and USD 346 billion respectively during this period, as shown in Figure I. This indicates
that more finished goods like clothing are being traded than intermediates and commodities.
A souvenir was
handed to her
Imperial Highness,
Princess Takomado
(3rd from right), the
Princess of Japan, in
presence of the Indian
Embassy Officials at
the TEXPROCIL Stall
at JapanTex 12-14
November, 2014. The
Japanese Princess met
up with the Indian
participants at the fair.
5
DIRECTIONS OF REGIONAL TRADE
Asia not only continues as a major manufacturer-supplier of textile and clothing products to the
developed and developing world, but has also accelerated its export presence in recent years. In fact,
the Asian region (including China) is on the verge of entering into a new phase, wherein its own
consumption of textile and clothing products is going to become very significant.
Table II: Major Regional Flows in World Textile Trade
(Value in Billion USD)
Region
2011
2012
2013
% Growth
(Y-O-Y)
2014 (E)
Intra EU(28)
66
59
62
63
1.61%
Intra-Asia
77
78
82
89
8.53%
Asia to Western Europe
29
26
27
28
3.70%
Asia to North America
23
24
25
26
4.00%
North America to LAC
4
4
2
4
200.00%
Source: 2014 figures are estimated by WTO.
All the regions shown in Table II have registered a positive growth in textile trade as per WTO
estimates for 2014. An analysis of regional trade flows show that Intra-Asia trade grew at 8.53%
reaching USD 89 billion followed by Intra-EU (28) trade which grew by 1.61% reaching USD 63 billion
during 2014. Trade between Asia and Western Europe grew by 3.7%, valued at USD 28 billion. Asian
and North American trade is growing steadily over the last four years, at the rate of 4.00%. Even
though the trade level between North America and Latin American Countries (LAC) is small, signs of a
sharp revival are unmistakable.
Shri R K Dalmia,
Chairman, TEXPROCIL
(2nd from left) made
a presentation on
India’s conducive
investment climate in
the light of ‘Make in
India’ campaign which
was well received at a
Round Table Meeting
held on
21st October 2014 at
Shanghai, China. The
meet was attended by
representatives from
India, China, Korea &
Taiwan.
6
INDIA'S POSITION IN GLOBAL TEXTILE AND CLOTHING TRADE
The top 10 suppliers of textile and clothing products, exported goods worth USD 555.80 billion to
the world accounting for a share of 75.39% as shown in Table III.
Table III: Major Exporters of Textile and Clothing
Country
Value in Billion USD
2012
2013
2014
% Share
% Change
2014
2014/2013
World
711.39
764.80
797.19
100.00
4.24
China
246.13
274.06
287.67
36.09
4.97
India
32.89
36.70
38.66
4.85
5.36
Italy
33.96
35.65
36.98
4.64
3.73
Germany
32.46
33.45
35.27
4.42
5.44
Bangladesh
24.03
27.82
30.00
3.76
7.85
Turkey
25.51
27.76
29.37
3.68
5.80
Hong Kong
31.95
31.61
29.21
3.66
-7.58
USA
26.56
26.76
26.13
3.28
-2.38
Vietnam
18.82
22.35
25.84
3.24
15.59
Netherlands
13.80
15.10
16.67
2.09
10.36
117.24
121.83
132.10
15.93
8.42
EU (28)
Source: GTIS, Geneva
Note: EU (28) data is given for information only in addition to individual countries in EU
OBSERVATIONS
 In 2014, India registered a growth of 5.36% reaching a level of USD 38.66 billion. It’s share in world
trade in textile and clothing is estimated to be 4.85% in 2014.
India, with exports of USD 38.66 billion ranked 2nd and its exports are 1/7th of China’s level of
exports.
 China’s textile and clothing exports grew by 4.97% and amounted to USD 287.67 billion. China is
still leading in textile and clothing exports with a share of 36.09%.
 EU (28) as a region exported textile and clothing goods worth USD 132.10 billion in 2014, registering a
growth of 8.42%.
 Exports from Vietnam, Bangladesh and Turkey grew by 15.59%, 7.85% and 5.80% respectively during
2014.
7
MAJOR EXPORTERS OF TEXTILES
Table IV: Major Exporters of Textiles
Country
2012
2013
2014
% Share
% Change
2014
2014/2013
World
323.35
339.78
346.52
100.00
China
97.83
108.97
114.21
32.96
4.81
India
19.94
22.22
22.11
6.38
-0.49
USA
21.76
21.70
20.87
6.02
-3.82
Germany
15.44
15.82
16.37
4.72
3.45
Italy
13.65
14.00
14.45
4.17
2.56
S. Korea
13.66
13.81
13.63
3.93
-1.26
Turkey
11.65
12.77
13.11
3.78
2.68
Taiwan
11.05
10.93
10.83
3.12
-0.93
Hong Kong
10.66
10.87
9.82
2.83
-9.65
8.19
8.35
8.25
2.38
-1.22
30.46
32.56
35.07
9.58
7.70
Pakistan
EU(28)
1.99
Note: EU 28 data is given for information only in addition to individual countries in EU
OBSERVATIONS
 World trade in textiles grew by 1.99%in 2014, rising from USD 339.78billion during January-December
2013 to USD 346.52 billion during January-December 2014 as shown in Table IV.
 India continues to be the 2nd largest exporter of textiles to the world after China, exporting
merchandise goods worth USD 22.11 billion during January-December 2014 with a share of 6.38%
in world trade in these items. However, India’s textile exports in 2014 declined by 0.49%.
EU (28) as a region exported textile goods worth USD 35.07 billion to the world during
January-December 2014 marking an increase of 7.70%, thereby indicating its re-emergence as an
export hub on account of a weakening Euro and growing domestic demand.
 China being the leading exporter of textiles to the world, reported a growth of 4.81% with an
export level of USD 114.21 billion during January-December 2014.
 Germany, Turkey and Italy reported growths of 3.45%, 2.68% and 2.56% respectively in the same
period.
8
MAJOR IMPORTERS OF TEXTILES
Table V: Major Importers of Textiles
Country
2012
2013
% Change
2014
2014/2013
World
273.93
283.49
288.65
1.82
China
36.86
35.60
30.40
-14.61
USA
25.62
26.58
27.81
4.62
Vietnam
12.21
15.48
18.16
17.33
Germany
15.53
15.46
15.94
3.09
Italy
9.81
10.38
10.82
4.19
Turkey
9.02
9.66
10.07
4.16
10.55
10.64
9.43
-11.33
Japan
9.46
9.21
9.30
1.04
UK
7.76
8.01
8.86
10.69
Bangladesh
6.93
7.84
8.48
8.19
Hong Kong
OBSERVATIONS
 In 2014, world textile imports grew by 1.82% valued at USD 288.65 billion as shown in Table V.
 China continued to be the leading importer of textiles in 2014, with imports reaching a level of
USD 30.40 billion inspite of a decline in its imports by almost 14% during the year. This steep decline
had a major impact on trade in commodity products like raw cotton and cotton yarn worldwide.
 Imports into USA continued to grow by 4.6% indicating a revival of the economy.
 Vietnam imported textiles worth USD 18.16 billion registering the highest growth of 17.33% followed
by United Kingdom which imported goods worth USD 8.86 billion marking a growth of 10.69%.
While the growth of demand in the case of Vietnam is on expected lines, the growth in demand
in UK is a sign of recovery.
 Other markets showing growth in imports of textiles were Bangladesh (8.19%), Italy (4.19%), and
Turkey (4.16%).
 The top ten importing countries had a cumulative share of 52% in world textile imports in 2014.
9
GLOBAL TRADE IN COTTON TEXTILE PRODUCTS
Table VI: Global Trade in Cotton Textile Products
Category
2012
Total
Yarns
44.90
Fabrics
Made-ups
TOTAL
% Growth
2013
Cotton
Total
2014
Cotton
16.85
Total
46.92
2013/2012
Cotton
15.62
Total
2014/2013
Cotton
14.35
47.64
6.10
138.53
59.05
146.27
62.35
149.91
61.68
5.59
87.84
42.55
95.12
46.21
100.24
48.26
8.29
271.27
115.95
289.03
125.41
297.07
125.56
6.55
17.42
Total
Cotton
-1.51
-7.30
5.59
2.49
-1.07
8.60
5.38
4.44
8.16
2.78
0.12
Exports from India
Yarns
5.25
3.19
6.44
4.42
6.23
4.13
22.59
38.45
-3.22
-6.58
Fabrics
4.71
2.02
5.01
2.12
5.55
2.47
6.48
5.14
10.60
16.29
6.53
4.27
7.33
4.75
7.95
5.01
12.25
11.36
8.39
5.55
TOTAL
Made-ups
16.49
9.47
18.79
11.29
19.73
11.61
13.90
19.16
5.00
2.82
Yarns
11.70
22.23
13.51
26.21
13.28
26.41
-
-
-
-
Fabrics
3.40
3.42
3.43
3.40
3.70
4.00
-
-
-
-
Made-ups
7.44
10.02
7.71
10.28
7.93
10.39
-
-
-
-
TOTAL
6.08
8.17
6.50
9.00
6.64
9.24
-
-
-
-
India's % Share in World Exports
TEXPROCIL participated
in the Tex Trends
India Fair, held during
28-30 January, 2015
at Pragati Maidan,
New Delhi and set up
an attractive Theme
Pavilion displaying
representative samples
of Indian Cotton
Textiles received from
members as part of
'Make in India' theme.
10
OBSERVATIONS
World textiles trade comprising Yarns, Fabrics and Made-ups (all fibres) grew by 2.78%, reaching a
level of USD 297.07 billion during January-December 2014, with the trade in cotton textiles improving
marginally by 0.12% and reaching a level of USD 125.56 billion. World cotton textile trade was a
shade over 2/5th of world textile trade (all fibres) in 2014, as shown in Table VI.
Cotton made-ups (USD 48.26 billion) accounted for 48.10% share in world trade (all made-ups
USD 100.24 billion) while cotton fabrics (USD 61.68 billion) and cotton yarns (USD 15.62 billion)
accounted for 41.14% and 33.29% share of total world trade in these items, respectively.
During this period, India exported textile products (all fibers) worth USD 19.73 billion and cotton
textile products worth USD 11.61 billion. Exports of these items grew by 5.00% and 2.82% over the
previous year respectively.
There was an unexpected drop of 7.30% in the world’s overall cotton yarn trade during
January-December 2014 over the growth of 17.42% during January-December 2013. As the largest
exporter, India was no exception to this phenomena and suffered a decline of 6.58% in its cotton
yarn export over the growth of 38.45% achieved during January-December 2013. Exports of all types
of yarns from India too declined by 3.22%, compared to the worldwide yarn trade which declined
by 1.51% in 2014.
India’s exports of all fabrics registered a healthy growth of 10.60% against a growth of 2.49% in
world trade. In the case of cotton fabrics, India’s exports grew by 16.29% during 2014, whereas the
global trade showed a decline of 1.07%.
India’s exports of made-ups (all fibres) grew at a rate of 8.39% as against the growth in global
trade of 5.38%. In the case of cotton made-ups, while India grew at 5.55%, global trade grew by
4.44%
Cotton made-ups dominated the Indian cotton textile basket with a share of 43.15%, followed by
cotton yarns (35.57%) and cotton fabrics (21.27%).
An MoU was signed
by Ms. Li Lili, Vice
President, China
Texmatech Co. Ltd.
representing - China
Textile Industrial
Corporation for
Foreign Economic and
Technical Cooperation
CTEXIC and Shri
Siddhartha Rajagopal,
Executive Director,
TEXPROCIL in the
presence of Ministry
officials both from
China and Government
of India.
11
TEXTILE AND CLOTHING IMPORT TRENDS IN MAJOR MARKETS
TEXTILE AND CLOTHING IMPORT TRENDS IN USA
Table VII: USA Imports of Textile and Clothing
Details
2012
2013
2014
Jan/Mar 2014
Jan/Mar 2015
Textiles (Bn. USD)
25.62
26.58
27.80
6.42
6.86
% Growth
1.68%
3.76%
4.60%
2.72%
6.85%
Clothing (Bn. USD)
77.92
80.98
82.98
19.32
20.03
% Growth
-1.08%
3.93%
2.48%
3.53%
3.67%
T & C (Bn. USD)
103.54
107.56
110.78
25.74
26.89
% Growth
-0.40%
3.89%
3.00%
3.33%
4.46%
OBSERVATIONS
 Overall, the Textile and Clothing import in USA grew by 3% during January-December 2014 reaching
a level of USD 110.78 billion as shown in Table VII.
 While textile imports grew by 4.60% and reached a level of USD 27.80 billion, clothing imports grew
by 2.48% and reached USD 82.98 billion during this period.
 Growth in the first quarter of 2015 was higher compared to the first quarter of 2014.
imports during this period grew by 6.85% and Clothing imports grew by 3.67%.
Textile
Collectively the T&C imports grew by 4.46% indicating a buoyancy in the US market.
The Government has
constituted a Drawback
Committee to review
& recommend All
Industry Rates of
Duty Drawback. The
Committee consists of
Dr. Saumitra Choudhuri,
former member,
Planning Commission
(2nd from left), Shri
G. K. Pillai, former
Commerce Secretary
& Home Secretary
(extreme left), Smt
Shobha L. Chary, retired
Chief Commissioner
of Customs (2nd
from right) and Shri
Gautam Ray, retired
Chief Commissioner
of Customs (extreme
right). Seen in pic. Right
Shri Ujwal Lahoti, Vice
Chairman, TEXPROCIL
leading the group.
12
MAJOR EXPORTERS OF TEXTILE AND CLOTHING TO USA
TABLE VIII : Top 10 Exporters of Textile and Clothing to USA
Country
2012
2013
2014
World
103.54
107.57
China
39.29
Vietnam
% Growth
2013
/2012
2014
/2013
% Share
Jan/Mar
2014
Jan/Mar
2015
Jan/Mar
2015/2014
2013
2014
110.78
25.74
26.89
3.89
3.00
4.47
100.00
100
40.68
41.18
8.70
9.31
3.54
1.27
7.01
37.82
37.17
7.34
8.41
9.59
2.25
2.51
14.61
14.09
1.56
7.82
8.66
India
6.20
6.63
7.06
1.82
1.98
6.95
6.47
8.80
6.17
6.37
Mexico
5.37
5.39
5.49
1.27
1.30
0.34
1.90
2.36
5.01
4.96
Indonesia
5.23
5.27
5.11
1.40
1.33
0.71
-2.97
-5.00
4.90
4.61
Bangladesh
4.55
5.04
4.91
1.35
1.42
10.75
-2.66
5.18
4.69
4.43
Pakistan
3.02
3.05
3.06
0.75
0.72
0.99
0.37
-4.00
2.83
2.76
Honduras
2.70
2.62
2.72
0.59
0.64
-2.68
3.83
8.47
2.44
2.46
Cambodia
2.57
2.59
2.51
0.68
0.61
0.82
-2.84
-10.29
2.41
2.27
Italy
1.84
1.98
2.16
0.50
0.49
7.60
9.12
-2.00
1.84
1.95
Source: GTIS, Geneva / U.S. Department of Commerce, Bureau of Census
OBSERVATIONS
 The T&C market in USA grew by 3% in 2014, and by 4.47% in first quarter of 2015, as shown in
Table VIII. India ranked as the 3rd largest supplier after China and Vietnam in the USA market
exporting textile and clothing products worth USD 7.06 billion during 2014, registering a growth
of 6.47% over the previous year. Export in the first quarter of 2015 grew by 8.8%.
 China continued to dominate the US T&C market with a share of 37.17%
 Vietnam has been increasing its share in USA in the T&C sector rapidly with a growth rate of 14%.
It exported T&C products worth USD 9.59 billion in 2014 and maintained its position as the second
largest supplier after China.
 Exports from Bangladesh grew by 5.18% in first quarter of 2015 after suffering a decline of 2.66%
in 2014.
 Mexico and Honduras also registered an increase in their exports to USA in 2014 and during
January-March 2015, indicating the positive impact of NAFTA and CAFTA arrangements on these
suppliers.
 The top ten suppliers of textile and clothing to USA hold a collective share of 76% in textile and
clothing imports into USA.
13
MAJOR EXPORTERS OF TEXTILES TO USA
Table IX : Top10 Exporters of Textiles to USA
Country
2012
2013
2014
World
25.62
26.58
China
9.59
10.20
% Growth
2013
/2012
2014
/2013
% Share
Jan/Mar
2014
Jan/Mar
2015
Jan/Mar
2015/2014
2013
2014
27.80
6.41
6.86
3.76
4.60
7.02
100
100
10.70
2.32
2.66
6.31
4.95
14.65
38.36
38.49
India
3.11
3.38
3.62
0.86
0.94
8.52
7.07
9.30
12.71
13.01
Mexico
1.52
1.57
1.63
0.37
0.40
3.15
3.91
8.10
5.91
5.88
Pakistan
1.53
1.55
1.57
0.39
0.37
1.52
1.61
-5.12
5.83
5.66
Canada
1.54
1.45
1.39
0.34
0.31
-5.73
-4.15
-8.82
5.46
5.01
S. Korea
1.05
1.01
1.02
0.24
0.24
-3.73
1.36
0.00
3.78
3.67
Turkey
0.71
0.76
0.85
0.18
0.20
7.37
12.01
11.11
2.86
3.06
Germany
0.53
0.63
0.70
0.17
0.17
19.00
9.90
0.00
2.38
2.50
Taiwan
0.63
0.64
0.68
0.15
0.16
2.47
3.91
6.66
2.41
2.44
Italy
0.56
0.60
0.66
0.16
0.15
7.14
10.35
-6.25
2.25
2.37
Source: GTIS, Geneva / U.S. Department of Commerce, Bureau of Census
OBSERVATIONS
Textile imports into USA grew by 4.60% in 2014 and 7.02% in first quarter of 2015, amounting to
USD 27.80 billion and USD 6.86 billion respectively, as shown in Table IX.
Imports of textiles from India to USA grew by 7.07% during 2014 and 9.30% in the first quarter of
2015 amounting to USD 3.62 billion and 0.94 billion respectively. India’s share in the textile imports
into USA grew to 13% in 2014 from12.71% in 2013.
China had the largest share of 38.49% in textile imports into USA. It’s exports grew by 4.95%
accounting for USD 10.70 billion of the total imports of USD 27.80 billion in 2014. In the first quarter
of 2015, China registered a growth of 14.65% in its exports to USA.
Textile exports from Turkey, Italy and Germany grew by 12.01%, 10.35% and 9.90% respectively.
In the first quarter of 2015, exports from Canada, Italy and Pakistan declined by 8.82%, 6.25% and
5.12% respectively.
Other countries among the top ten suppliers of textiles to USA were Mexico, S. Korea and Taiwan.
The top ten suppliers of textiles have a collective share of 82% in the US textile imports.
14
TEXTILE AND CLOTHING IMPORT TRENDS IN EU (28)
Table X: EU (28) Imports of Textile and Clothing
Details
2012
Textile (Bn. USD)
% Growth
T&C(Bn. USD)
% Growth
2014
Jan/Mar 2014
Jan/Mar 2015
30.46
32.56
35.07
9.13
8.29
-14.60%
6.89%
7.70%
12.30%
-9.19%
Clothing (Bn. USD)
% Growth
2013
86.78
89.27
97.04
24.87
23.17
-10.83%
2.87%
8.70%
10.74%
-6.84%
117.24
121.83
132.10
34.00
31.46
-11.84%
3.91%
8.42%
11.14%
-7.47%
OBSERVATIONS
EU (28) textile and clothing import grew by 8.42% during 2014 amounting to USD 132.10 billion
as shown in Table X. Textile imports grew by 7.70% and clothing imports grew by 8.70% rising to
USD 35.07 billion and USD 97.04 billion respectively.
 During January-March 2015, imports of textile and clothing into EU (28) declined by 7.47% of
which textile imports fell by 9.19% and clothing imports by 6.84%, indicating a slowdown in the
Euro-zone.
MAJOR EXPORTERS OF TEXTILE AND CLOTHING TO EU (28)
Table XI : Top 10 Exporters of Textile and Clothing to EU (28)
Country
2012
2013
2014
World
117.24
121.83
China
45.57
Turkey
Bangladesh
% Growth
Jan/Mar
2014
Jan/Mar
2015
2013
/2012
2014
/2013
132.10
34.01
31.47
3.92
8.42
45.75
48.95
11.96
11.62
0.39
16.21
17.25
18.22
4.87
3.94
% Share
Jan/Mar
2015/2014
2013
2014
-7.47
100.00
100.00
7.00
-2.83
37.55
37.05
6.38
5.60
-19.16
14.16
13.79
11.87
13.49
15.16
4.09
4.07
13.63
12.35
-0.66
11.07
11.47
India
8.26
8.63
9.48
2.73
2.44
4.51
9.88
-10.72
7.08
7.18
Pakistan
3.71
4.18
5.17
1.33
1.29
12.78
23.60
-2.77
3.43
3.91
Vietnam
2.61
2.77
3.34
0.79
0.86
6.14
20.70
9.09
2.27
2.53
Morocco
3.02
3.01
3.33
0.86
0.74
-0.36
10.43
-13.53
2.47
2.52
Tunisia
3.09
3.08
3.11
0.87
0.70
-0.58
0.94
-19.04
2.52
2.35
Cambodia
1.89
2.36
2.96
0.71
0.74
24.88
25.58
2.94
1.94
2.24
Indonesia
2.17
2.16
2.20
0.61
0.49
-0.60
2.11
-19.57
1.77
1.67
Source: GTIS, Geneva / Eurostat
OBSERVATIONS
 India ranked 4th after China, Turkey and Bangladesh, in the EU (28) textile and clothing market
exporting goods worth USD 9.48 billion during 2014 and registering a growth of 9.88% over the
previous year as shown in Table XI.
15
 China continued to be the leading supplier of textiles & clothing to EU with a share of 37.05%,
followed by Turkey with 13.79%, Bangladesh with 11.47% and India with 7.18% in the year 2014.
 All the top ten exporters of textile and clothing registered a positive growth collectively accounting
for a total export of USD 112 billion and share of 84% in EU (28) market in 2014.
 During the year 2014 Cambodia, Pakistan and Vietnam individually registered growths of more than
20%.
 During the period January-March 2015 all other suppliers amongst the top ten registered a negative
growth except Vietnam and Cambodia.
MAJOR EXPORTERS OF TEXTILES TO EU (28)
Table XII: Top 10 Exporters of Textiles to EU (28)
Country
World
China
Turkey
India
Pakistan
USA
S. Korea
Switzerland
Japan
Egypt
Taiwan
2012
2013
2014
30.46
9.75
4.95
2.96
2.04
1.32
32.56
10.27
5.61
3.13
2.32
1.36
1.20
1.06
0.78
0.55
0.56
1.31
1.07
0.72
0.59
0.56
% Growth
35.07
11.44
6.00
3.29
2.74
1.41
Jan/Mar
2014
9.14
2.91
1.62
0.88
0.69
0.36
Jan/Mar
2015
8.30
2.99
1.31
0.74
0.64
0.34
2013
/2012
6.89
5.31
13.33
5.66
14.05
3.06
1.40
1.07
0.73
0.65
0.59
0.36
0.28
0.19
0.18
0.15
0.31
0.23
0.16
0.14
0.14
8.85
1.58
- 7.20
7.16
11.55
2014
Jan/Mar
/2013
2015/2014
7.70
-9.19
11.42
2.78
6.97
-18.88
5.16
-15.45
18.05
-7.29
3.73
-4.80
7.31
0.07
1.25
9.23
6.48
-14.61
-17.64
-15.42
-20.78
-7.42
% Share
2013
2014
100.00
31.53
17.22
9.61
7.14
4.18
100.00
32.61
17.10
9.38
7.82
4.02
4.02
3.30
2.21
1.82
1.71
4.00
3.06
2.08
1.84
1.69
Source: GTIS, Geneva / Eurostat
OBSERVATIONS
As shown in Table XII, EU (28) textile imports grew by 7.70% valued at USD 35.07 billion during
2014.
India with the 3rd largest share of 9.38% in EU(28), exported textile goods worth USD 3.29 billion
in 2014.
Pakistan with the 4th largest share after India registered the highest growth of 18.05%,on the back
of duty free benefits accorded to it by the EU under the “GSP Plus” scheme.
As in the case of USA, China had a leading share of 32.61% in EU (28) textile imports too, with an
export level of USD 11.44 billion. China also grew by 11.42% during January-December 2014 over
the same period in the previous year.
Apart from China, Turkey,India and Pakistan, the other top 6 suppliers of textiles to EU (28) were
USA, South Korea, Switzerland, Japan, Egypt and Taiwan.
Top ten exporters of textiles had a collective share of 83% in EU (28) textile imports valued at
USD 29.32 billion and all of them registered positive growth in 2014.
In the 1st quarter of 2015, overall textile imports into EU (28) declined by 9.19% over the previous
year during the same period. China is the only supplier that registered a positive growth of 2.68%
during this period.
16
EXPORT PERFORMANCE IN FISCAL YEAR 2014-15
India has emerged as the second largest manufacturer of textile and clothing in the world, behind
China. It has a share of 14% in industrial production and 4% in India’s GDP and 13% in export earnings.
It employs over 45 million people directly and 60 million people indirectly. Indian textile products are
exported to more than a hundred countries. During the fiscal year 2014-15, the total textile exports
stood at USD 41.67 billion as against USD 40.85 billion attained in the previous year 2013-14, thereby
registering a nominal growth of 2% in dollar terms.
In rupee terms, exports during fiscal 2014-15 reached 2,54,886 crore as against 2,47,741 crore in the
previous fiscal year thereby recording a growth of 3%.
The nominal export growth in the fiscal year 2014-15 belies the potential of the industry to grow at
higher levels. The low rate of growth in fiscal 2014-15 can be attributed to the China factor, recessionary
trends in global markets, unequal international setting on account of preferential access given to
competing countries and rising cost of inputs and raw materials compounded by severe pressure on prices.
The Economic Survey 2014-15, acknowledges the contribution of the Textile and Clothing sectors in
strengthening the manufacturing base, increasing exports and generating employment.
EXPORTS OF COTTON TEXTILES
14
12
Figure II: Trends in Cotton Textile Export
10
Billion USD
8
6
4
2
0
2011-12
2012-13
2013-14
2014-15
YARN
2.99
3.54
4.56
3.94
FABRIC
1.95
2.04
2.20
2.44
MADE-UPS
4.08
4.40
4.80
5.05
TOTAL
9.02
9.97
11.44
11.43
As seen in figure II, the world demand for Yarns including Cotton Yarns declined in the fiscal year
2014-15, exports of Cotton Yarns from India declined by 14% in value terms reaching USD 3.94 billion
compared to the previous fiscal year. On the other hand,in quantitative terms, the decline in exports,
during this period was (-) 4%. Exports of Cotton Fabrics and Made-ups registered growths of 11% and
5% with exports reaching a level of USD 2.44 billion and USD 5.05 billion respectively.
Overall exports of cotton textiles declined by 0.1% reaching a value of USD 11.43 billion during fiscal
2014-15 as shown in Table XIII.
17
Figure III: Share of Products in
Cotton Textile Exports.
100%
80%
60%
40%
20%
0%
2011-12
2012-13
2013-14
2014-15
MADE-UPS
45
44
42
44
FABRICS
22
20
19
22
YARNS
33
36
39
34
 The share of cotton yarns in India’s cotton textile export basket reduced by 5% in 2014-15.
Correspondingly, the share of cotton made-ups and cotton fabrics increased by 2% and 3% respectively.
In FY 2014-15 share of cotton made-ups was 44%, cotton fabrics was 22% and cotton yarns was
34% in the total export of cotton textiles from India as shown in Figure III.
Table XIII: Exports of Cotton Textiles
YARNS
Year
FABRICS
MADE-UPS
Bn.
%
Bn.
%
Bn.
%
Bn.
USD
Growth
Share
USD
Growth
Share
USD
TOTAL
%
Growth Share
USD
Growth
Share
2014-15
3.94
-14
34
2.44
11
22
5.05
5
44
11.43
-0.1
100
2013-14
4.56
29
39
2.20
8
19
4.80
9
42
11.55
15
100
2012-13
3.54
18
36
2.04
5
20
4.40
8
44
9.97
11
100
2011-12
2.99
--
33
1.95
--
22
4.08
--
45
9.02
--
100
Source: GTIS /MOC
 Export of cotton fibre from India has seen a declining trend during the last three fiscal years in
dollar terms. In fiscal year 2014-15 export of cotton fibre declined by almost 48% in dollar terms.This
has impacted the overall exports of cotton textiles (inclusive of raw cotton) with exports declining
by 12.83% as shown in Table XIV.
Table XIV: Exports of Cotton Textiles (Inclusive of Cotton Fibre)
COTTON FIBRE
Year
2014-15
2013-14
2012-13
2011-12
Billion
INR
116.43
223.41
202.77
216.24
%
USD
1.90
3.64
3.75
4.34
TOTAL COTTON TEXTILES
Billion
Growth
-47.8
-2.9
-13.6
--
%
INR
699.15
699.75
542.10
431.15
Billion
USD
11.43
11.55
9.97
9.02
%
Growth
-1.0
15.8
10.55
--
TOTAL COTTON TEXTILES
(INCL. RAW COTTON)
INR
515.54
923.17
744.87
647.40
USD
13.34
15.19
13.72
13.41
Growth
-12.83
10.71
2.25
--
Source: GTIS / MOC
18
MAJOR IMPORTERS OF COTTON TEXTILES FROM INDIA
Table XV: Top 15 Importers of Cotton Textiles from India
Value in Million USD
Rank
Country
2012-13
% Share
2013-14
2014-15
2012-13
2013-14
% Change
2014-15
2014-15
/2013-14
World
9,970.81
11,550.93
11,432.84
100.00
100.00
100.00
-1.02
1
USA
2,166.72
2,277.88
2,388.99
21.73
19.72
20.90
4.88
2
China
1,191.09
1,945.52
1,568.42
11.95
16.84
13.72
-19.38
3
Bangladesh
948.18
935.02
1,008.45
9.51
8.09
8.82
7.85
4
UAE
359.58
431.86
627.66
3.61
3.74
5.49
45.34
5
Germany
359.57
394.64
371.39
3.61
3.42
3.25
-5.89
6
UK
367.24
345.95
339.50
3.68
2.99
2.97
-1.86
7
Sri Lanka
307.26
337.95
334.67
3.08
2.93
2.93
-0.97
8
Egypt
173.04
215.15
227.90
1.74
1.86
1.99
5.93
9
S. Korea
224.42
216.25
225.27
2.25
1.87
1.97
4.17
10
Italy
195.33
224.36
217.08
1.96
1.94
1.90
-3.25
11
Vietnam
74.88
121.01
212.59
0.75
1.05
1.86
75.69
12
Japan
139.52
156.26
144.71
1.40
1.35
1.27
-7.39
13
Portugal
142.38
162.42
137.71
1.43
1.41
1.20
-15.21
14
Peru
111.22
125.06
133.91
1.12
1.08
1.17
7.08
15
France
124.72
132.98
131.40
1.25
1.15
1.15
-1.19
16
EU(28)
1,780.60
1,906.89
1,836.41
17.86
16.51
16.06
-3.68
Source: GTIS /MOC
OBSERVATIONS
 As can be seen in Table XV, USA continued to be the major export destination for cotton textiles
from India in 2014-15 with a share of 20.90%, followed by China, EU (28) and Bangladesh with
shares of 13.72%, 16.06% and 8.82% respectively. 71% of the total cotton textile exports accounting
for USD 8.06 billion was exported to the top 15 listed countries.
 Though cotton textile exports to Vietnam ranked 11th in India’s list, growth in exports increased
sharply by 76% in FY 2014-15. Similarly exports to UAE ranked 4th increased by 45.34%.
 Exports to China declined steeply by 19% during this period. Exports to EU (28) region also declined
by 3.68%.
19
DIRECTION OF TRADE
Table XVI: Regions Importing Cotton Textiles from India.
2014-15
REGION
Bn.
USD
World
North America (USA /Canada)
2013-14
%
Growth
Bn.
Share
USD
2012-13
%
Growth
Share
Bn.
%
USD
Share
11.43
-1.03
100.00
11.55
15.84
100.00
9.97
100.00
2.50
4.60
21.92
2.39
5.75
20.76
2.26
22.74
EU(28)
1.83
-3.68
16.06
1.90
6.74
16.51
1.78
17.86
Hong Kong / China
1.66
-21.30
14.59
2.11
56.29
18.27
1.35
13.61
SAARC
1.48
2.77
13.02
1.44
4.37
12.49
1.38
13.88
African Zone
1.15
1.76
10.07
1.13
22.82
9.83
0.92
9.24
Middle East
0.87
14.47
7.60
0.76
1.33
6.64
0.57
5.80
ASEAN
0.55
37.50
4.82
0.40
25.00
3.54
0.32
3.29
South America/ Mexico
0.45
2.27
3.98
0.44
-2.22
3.87
0.45
4.59
CIS
0.05
0.00
0.45
0.05
0.00
0.51
0.05
0.53
Source: GTIS
OBSERVATIONS
 World cotton textile export declined by 1.03% during the fiscal year 2014-15 from USD 11.55 billion
in 2013-14 to USD 11.43 billion.
 A Region-wise analysis (Table XVI) shows that North American region (USA/Canada) recorded the
highest level of import of cotton textiles from India increasing its share to 21.92% in 2014-15 from
20.76% in 2013-14. The region imported cotton textiles amounting to USD 2.50 billion.
 EU (28) ranked second with imports amounting to USD 1.83 billion commanding a share of 16.06%.
However export to the region fell by 3.68% in the fiscal year 2014-15.
 Hong Kong / China slipped to the 3rd position compared to the previous fiscal year 2013-14 on
account of a steep fall of 21% in exports during fiscal 2014-15.
 Imports to the SAARC region are growing in value terms since the last three fiscal years.
 ASEAN was the region with the highest growth rate of 37.50% in the fiscal year 2014-15 importing
cotton textiles worth USD 0.55 billion followed by the Middle East region with a growth rate of
14.47% and an import level of USD 0.87 billion.
 CIS Region had the lowest level of imports from India with a share of less than 1%.
20
LEADING MARKETS FOR COTTON TEXTILE PRODUCTS
COTTON YARNS
Table XVII: Top 10 Importers of Cotton Yarns from India - (Value In Million USD)
Country
Rank
1
2012-13
2013-14
% Share
2014-15
2012-13
2013-14
%Change
2014-15
2014-15 /
2013-14
World
3,535.47
4,555.38
3,938.34
100.00
100.00
100.00
-13.55
China
1,156.24
1,908.07
1,517.06
32.70
41.89
38.52
-20.49
2
Bangladesh
545.30
533.37
554.43
15.42
11.71
14.08
3.95
3
Egypt
125.26
177.12
186.68
3.54
3.89
4.74
5.40
4
Vietnam
47.67
87.89
177.37
1.35
1.93
4.50
101.82
5
S. Korea
201.44
176.58
142.03
5.70
3.88
3.61
-19.57
6
Peru
100.91
110.83
119.77
2.85
2.43
3.04
8.07
7
Portugal
118.89
137.20
112.53
3.36
3.01
2.86
-17.98
8
Pakistan
74.34
118.75
90.37
2.10
2.61
2.29
-23.89
9
Colombia
93.24
91.48
81.38
2.64
2.01
2.07
-11.04
10
Hong Kong
137.23
139.24
75.78
3.88
3.06
1.92
-45.58
Source: GTIS / MOC
Table XVIII: Top 10 Importers of Cotton Yarns from India - (Quantity In Million Kg.)
Million Kilograms
Rank
Country
World
2012-13
1107.89
2013-14
1310.14
% Share
2014-15
1253.37
2012-13
100.00
2013-14
100.00
% Change
2014-15
100.00
2014-15 /
2013-14
-4.33
1
China
386.27
602.67
545.74
34.87
46.00
43.54
-9.45
2
Bangladesh
149.95
144.95
163.43
13.53
11.06
13.04
12.74
3
Egypt
35.89
50.63
59.53
3.24
3.86
4.75
17.57
4
Vietnam
13.50
24.98
53.93
1.22
1.91
4.30
115.93
5
S. Korea
56.50
48.43
41.96
5.10
3.70
3.35
-13.35
6
Peru
49.34
31.66
37.57
4.45
2.42
3.00
18.67
7
Portugal
34.13
38.76
34.48
3.08
2.96
2.75
-11.04
8
Colombia
30.02
28.09
26.41
2.71
2.14
2.11
-6.00
9
Hong Kong
40.08
40.60
24.39
3.62
3.10
1.95
-39.92
10
Pakistan
17.88
28.53
22.82
1.61
2.18
1.82
-20.00
Source: GTIS / MOC
OBSERVATIONS
China continued to be the major market for Cotton Yarns in 2014-15 with a share of 38.52%. However,
export of cotton yarns to China declined by 20% over 2013-14. Bangladesh was another important
market for cotton yarn with a share of 14.08%. Egypt, Vietnam. South Korea, Peru, Portugal, Pakistan,
21
Colombia and Hong Kong, were the other leading markets. After China, demand for cotton yarns from
some of India’s other trading partners like S. Korea, Portugal, Pakistan, Colombia and Hong Kong also
fell sharply. Export of cotton yarns from India to the world decline by 13.55% in value terms reaching
a level of USD 3.93 billion in FY 2014-15.Exports to the top 10 demanding countries amounted to USD
3.06 billion contributing a collective share of 78% as shown in Table XVII.
The world imported 1,253.37 million kilograms of cotton yarns from India during fiscal year 2014-15 as
shown in Table XVIII. However, there was a declined in growth by 4.33% over the previous fiscal year. Demand
from Vietnam, Peru, Egypt and Bangladesh grew by 115.93%, 18.67%, 17.57% and 12.74% respectively.
China continued to be the leading importer with an import level of 545.74 million kilograms. However,
exports to the country declined by 9.45%. Exports to countries like Hong Kong, Pakistan, South Korea
and Portugal declined in quantity terms by 39.92%, 20.00%, 13.35% and 11.05% respectively. Collectively,
the top ten importing countries imported cotton yarns upto a level of 1010.26 million kilograms in
2014-15 accounting for 80% of India’s cotton yarn exports to the world.
COTTON FABRICS
Table XIX: Top 10 Importers of Cotton Fabrics from India
Rank
Country
World
% Share
% Change
2014-15
/2013-14
2012-13
2013-14
2014-15
2012-13
2013-14
2014-15
2038.54
2198.52
2,443.21
100.00
100.00
100.00
11.13
1
Bangladesh
395.77
394.03
445.05
19.41
17.92
18.22
12.95
2
Sri Lanka
233.46
245.48
242.06
11.45
11.17
9.91
-1.39
3
UAE
117.67
138.86
172.21
5.77
6.32
7.05
24.02
4
USA
110.40
110.83
119.16
5.42
5.04
4.88
7.52
5
Togo
75.03
110.95
108.44
3.68
5.05
4.44
-2.25
6
S. Korea
13.11
26.65
70.46
0.64
1.21
2.88
164.37
7
Senegal
66.81
63.16
65.53
3.28
2.87
2.68
3.75
8
Italy
51.65
56.81
52.08
2.53
2.58
2.13
-8.32
9
Sudan
36.93
40.60
51.85
1.81
1.85
2.12
27.72
10
Mozambique
29.04
33.03
45.22
1.42
1.50
1.85
36.92
Source: GTIS / MOC
OBSERVATIONS
Bangladesh was the leading market for cotton fabrics during 2014-15 with a share of 18.22%, followed
by Sri Lanka and UAE with shares of 9.91% and 7.05% respectively. However, in the same period the
exports of Indian cotton fabrics to Sri Lanka reduced by 1.39%. Continued level of high demand from
countries like Bangladesh, UAE, USA, South Korea, Sudan and Mozambique led to an increase in exports.
These countries grew by 12.95%, 24.02%, 7.52%, 164.37%, 27.72%, and 36.92% respectively. Export to
the top ten demanding countries was USD 2.44 billion in 2014-15 accounting for a collective share of
56% as shown in Table XIX.
22
COTTON MADE-UPS
Table XX: Top 10 Importers of Cotton Made-ups from India.
Rank
Country
1
World
USA
2
3
4
5
6
7
8
9
10
UAE
UK
Germany
Australia
France
Italy
Canada
Japan
Netherlands
% Share
% Change
2012-13
2013-14
2014-15
2012-13
2013-14
2014-15
4,396.79
2,033.38
4,797.03
2,139.37
5,051.29
2,245.83
100
46.25
100
44.60
100
44.46
2014-15 /
2013-14
5.30
4.98
222.63
326.40
263.37
121.10
112.58
86.58
89.77
87.85
77.34
278.90
302.25
302.71
111.99
119.68
103.05
109.90
90.74
93.77
442.85
301.83
285.32
119.71
117.14
108.80
107.18
84.34
83.71
5.06
7.42
5.99
2.75
2.56
1.97
2.04
2.00
1.76
5.81
6.30
6.31
2.33
2.49
2.15
2.29
1.89
1.95
8.77
5.98
5.65
2.37
2.32
2.15
2.12
1.67
1.66
58.78
-0.14
-5.74
6.89
-2.13
5.57
-2.48
-7.05
-10.74
Source: GTIS / MOC
OBSERVATIONS
USA continued to be the leading market for Cotton Made-ups in 2014-15 with a share of 44.46%.
UAE, U.K., Germany, Australia, France, Italy and Canada were other leading markets.Demand for Indian
cotton made-ups increased in UAE in the wake of a boom in the real estate and hospitality sectors and
thus exports grew by 59%. Exports to Italy grew by 5.57%. However, exports to UK, Germany, Japan,
France, Canada and Netherlands declined as shown in Table XX.
The Indian Consul
General to UAE H.E.
Shri. Anurag Bhushan
(Centre) visited‘ India
Cotton Textile Show’
held in Dubai on
16 &17th November.
2014 and interacted
with all the
participants.
23
Activities Undertaken By The Council
For The Year 2014-2015
The Council participated in the following international trade fairs and exhibitions in the fiscal year
2014-15.
TRADE FAIRS / EXHIBITIONS
 EVTEKS, Istanbul, Turkey (21-25 May, 2014)
 Shenzhen International Trade Fair, Shenzhen, China - (10-12 July, 2014)
 Intertextile Shanghai Home Textiles 2014, Shanghai, China (27-29 August, 2014)
 Texworld and Apparel Sourcing Show, Paris, France (15-18 September, 2014)
 Yarn Expo & Intertextile Shanghai Apparel Fabrics, China (20-23 October, 2014)
 Vietnam International Textile and Garment Machinery Industry Exhibition, Ho Chi Minh City, Vietnam (29
October - 1 November, 2014)
 Japantex, Tokyo, Japan (12-14 November, 2014)
 TEXFAIR, Coimbatore, India (9-12 January, 2015)
 Heimtextil Fair, Frankfurt, Germany (14-17 January, 2015)
 Colombiatex, Medellin, Colombia (27-29 January, 2015)
 Tex Trends India, New Delhi, India (28-30 January, 2015)
 Expo Produccion Fair, Mexico City, Mexico (4-6 February, 2015)
 12th International Istanbul Yarn Fair, Istanbul, Turkey (5-8 February, 2015)
 Texworld and Apparel Sourcing Show, Paris, France (9-12 February, 2015)
 Preview In Daegu, South Korea (11-13 March, 2015)
 Colombo International Yarn & Fabric Show, Colombo, Sri Lanka (12-14 March, 2015)
 Yarn Expo & Intertextile Shanghai Apparel Fabrics, China (18 - 20 March, 2015)
BUYER SELLER MEETS (BSMs)
 BSM in Dubai, UAE (16-17 November, 2014)
 BSM in Myanmar (8-12 December, 2014)
TRADE DELEGATIONS / CONFERENCES / MEETINGS / PRESENTATIONS
 Presentation at India show in Hong Kong (28 April, 2014)
 Conference on Imported Yarn Forum 2014, Hangzhou, China (12-13 June, 2014)
 China Textile Resources Market Conference 2014, Shanghai, China (16-17 June, 2014)
 Visit of Textile trade delegation to Ho Chi Minh City, Vietnam (4-8 August, 2014)
 Meeting with Vice President of the Guatemala Textiles and Apparel Association (VESTEX), Mr. Juan Carlos
Prato (13 October, 2014)
24
 Round Table Meeting on "Supply from China and South East Asia to the Global Apparel Market"
(21 October, 2014)
 Grey Fabric Forum, Hangzhou, China (6-7 November, 2014)
 Visit of high level Indian delegation to Hanoi and Ho Chi Minh City, Vietnam (19-21 January, 2015)
 Meeting on Increasing Exports to South Korea (23 March, 2015)
VISIT OF OVERSEAS DELEGATION TO INDIA
 Visit of CCPIT delegation (18 November, 2014)
SEMINARS AND WORKSHOPS
 Seminar on Service Tax and FOREX Management (23 July, 2014)
 Seminar on FX Risk Management and Cost Reduction Strategies for Exporters (25 November, 2014)
 Seminar on Exploring the African Market (20 February, 2015)
TEXPROCIL was
felicitated for achieving
excellence in export
performance by Amity
University, a well
known university in
India. Shri R K Dalmia,
Chairman, TEXPROCIL
(2nd from Left)
accepted the award
on 27th February
2015 on behalf of all
our members along
with Shri Siddhartha
Rajagopal, Executive
Director, TEXPROCIL
(extreme Right).
25
TRADE FAIRS / EXHIBITIONS
EVTEKS, ISTANBUL, TURKEY (21-25 MAY, 2014)
The Council had participated in the 20th edition of EVTEKS 2014 held in Istanbul, Turkey from May
21 to 25, 2014. The Council had booked a stall of 12 sq.mtrs as an information centre. EVTEKS Istanbul
Home textiles Fair is the second largest show in the World for Home textiles.
Over 100 buyers from various countries like Turkey, UK, Italy, Bulgaria, Iran, Saudi Arabia, Romania,
Russia, Egypt, Bahrain, Algeria, Indonesia, Palestine, Jordan, Colombia, Holland and Syria visited the
Council’s stall with enquiries for cotton yarns, fabrics etc. All the enquiries received at the Council’s
stall were circulated to the trade members.
SHENZHEN INTERNATIONAL FAIR, SHENZHEN, CHINA (10-12 JULY, 2014)
The Council organized a group participation of Members at ‘Inter Textile Shenzhen’ for the second
time. Even though this Fair is mainly for Fashion Fabrics and Accessories there were Yarn as well as Fabric
exhibitors in the India pavilion. The organisers, Messe Frankfurt HK Ltd., undertook wide publicity to
create awareness amongst Chinese companies about the presence of Indian Yarn and Fabric exhibitors
in this event.
There were 590 exhibitors from 8 countries. South Korea, India, Hong Kong and Taiwan organized
country pavilions in addition to the provincial pavilions from all over China.
Feedback from Indian participants indicated that most of the visitors were from local provinces, such
as, Zhejiang, Fujian in China.
Some of the knitting and weaving companies in South China are already using Indian and Pakistani
yarns, sourced through trading companies in Hong Kong and Shenzhen. These companies have shown
keen interest to import yarns directly from Indian suppliers.
Trade enquiries at the India pavilion were mainly for cotton yarns of counts 12s, 16s and 21s OE and
21s, 32s, 40s carded and combed knitting yarns; Fashion Fabrics, Denims; bottom weight grey and dyed
fabrics. All the enquiries received by the Council were circulated to the trade.
INTERTEXTILE SHANGHAI HOME TEXTILES 2014, SHANGHAI, CHINA
(27-29 AUGUST, 2014)
With a view to keeping abreast of recent market trends in the Home Textile sector in China and
other exhibiting countries, as well as to explore the possibilities of exporting Indian Home Textiles to
China and other Far Eastern countries, the Council organized group participation in the Fair, held at
Shanghai from 27 to 29 August 2014.
Total exhibition area at the August 2014 edition of the Fair in Shanghai was 1,40,000 sq. mtrs, with
1334 exhibitors from 31 countries. There were 1,071 domestic and 263 overseas exhibitors with 28 Indian
companies participating in this edition of the fair.
Seminars & Workshops were also held on various topics of interest at the fair.
26
In the Market Information Seminar the Council made a presentation on “Home Textiles from India:
Adding Value to a Vibrant Sector”. Attendees at the Seminar had shown keen interest to know more
about the advantages of cotton textile manufacturing in India, possibility of common business platform
for Indian and Chinese textile exporters etc. Some of the attendees were keen to visit India to explore
the possibility of sourcing their fabric requirement.
To coincide with the participation in the Fair, at the behest of the Council, China National Textile and
Apparel Council (CNTAC) and China Home Textile Association (CHTA) organized meetings with some of
the important Chinese textile enterprises so that Indian participants could understand the present status
of the Chinese Home Textile sector, supply - demand situation of raw materials required by them and
explore possibilities of increasing Indian’s share in supply of fabrics for the benefit of Chinese Home
Textiles sector.
TEXWORLD AND APPAREL SOURCING SHOW, PARIS (15-18 SEPTEMBER, 2014)
With a view to showcase presence of India in the European market, the Council organized group
participation of Indian exporters of Fabrics and Accessories at the TEXWORLD Fair, held at Paris from
15 to 18 September 2014. This initiative was supported by the Embassy of India in France, Ministry of
Textiles and Ministry of Commerce by granting MAI funds. The Fair is a combined event comprising
TEXWORLD & Apparel Sourcing Fairs, spread over 2 Halls. There were 92 exhibitors from India of which,
53 participated through the Council.
The Council had an information booth at the Fair providing information about the advantages of
sourcing fabrics and other textiles from India. Trade enquiries were received from importers of fabrics
in Kuwait, China, Macedonia, France, Turkey, Korea, Bangladesh, Slovak, Indonesia, and Taiwan.
H.E. Arun K. Singh,
Ambassador of
India, France visited
TEXPROCIL stand at
TEXWORLD Fair, held
at Paris from 15 to 18
September 2014 and
interacted with Indian
participants.
27
The Indian Embassy, Paris organized a Seminar at the Council’s information booth on the second day
of the Fair for the benefit of the Indian exhibitors. Topic of the seminar was “Compliance requirements
in EU countries and how it affects Indian exports to EU”. A presentation made by Mr Anshuman
Gaur, Consul (Commercial) at the Seminar was very useful to the Indian participants to strategize their
marketing and promotional efforts.
YARN EXPO & INTERTEXTILE SHANGHAI APPAREL FABRICS, CHINA (20-23 OCTOBER, 2014)
In order to facilitate India’s export of cotton yarns and fabrics in the Chinese market, the Council
organized group participation of its Members at the Intertextile Shanghai Apparel Fabrics & Yarn Expo,
Shanghai, China held from 20 to 23 October 2014. There were 40 exhibitors at the India Pavilion at ‘Yarn
Expo’ and 15 exhibitors at the India Pavilion in the ‘InterTextile Apparel Fabrics fair’, held concurrently.
A large number of prospective importers visited the Council’s booth seeking information on export
of cotton and cotton yarns from India. While the fair was well-attended by local buyers, it is also seen
as a key event for international brands who source from both Chinese and overseas suppliers.
More than just a fair for textiles, Intertextile Shanghai Apparel Fabrics featured a comprehensive
range of programmes comprising fashion shows, trend forums, seminars and more.
at the Yarn Expo and
Intertextile Shanghai
Apparel and Fabrics
fair in China from
22nd to 24th October
2014. There were 38
companies participating
in the Yarn section
and 15 companies in
the Fabric section.
28
VIETNAM INTERNATIONAL TEXTILE AND GARMENT MACHINERY INDUSTRY EXHIBITION
(29 OCTOBER - 1 NOVEMBER, 2014)
Following up on the successful visit of a trade delegation of leading Indian fabric manufacturing
companies to Vietnam in August 2014, the Council participated in the Vietnam International Textiles
& Garment Machinery Industry (VTG) exhibition held in Ho Chi Minh City, Vietnam from 29th October
to 1st November 2014.
Samples of various fabrics manufactured in India were displayed and promoted at the TEXPROCIL stall.
More than 95 exhibiting companies from 17 countries, displayed machinery with the latest technology
and fabric fashion trends at the fair. The event attracted about 11,300 professional buyers and visitors.
Domestic visitors comprised about 80% of the total visitors while the balance were international buyers.
The Council’s stall received 36 enquiries for fabrics which were mainly for denims followed by khaki
and shirting fabrics. The enquiries were circulated to the members of the Council.
JAPANTEX, TOKYO, JAPAN (12-14 NOVEMBER, 2014)
Based on the recommendations of a comprehensive study undertaken by the Council in 2014, a group
participation of Indian exporters of Home Textiles & Fabrics was organized in Japantex Tokyo, from 12
to 14 November 2014. The show provided an opportunity to get to know the latest trends and current
design ideas for Japanese home and work spaces.
Overall there were 499 Booths representing 207 Companies / Organizations from 11 countries making
Japantex and Japan Home Building Show an “all-in-one” solution for Home textile, Interior fabrics and
the general home sectors.
There were 23 exhibitors from India, including the Council’s stall as well as the stall of the Carpet
Export Promotion Council. There was a satisfactory response from buyers enquiring for Home Textiles
and Fabrics produced in India.
TEXFAIR, COIMBATORE, INDIA (9-12 JANUARY, 2015)
TEXPROCIL participated in the exhibition “TEXFAIR 2015” and “Farm to Finish Expo” organized by
the Southern India Mills Association (SIMA) at Coimbatore from January 9 to 12, 2015. The objective
of the Council’s participation at the event was to inform the visitors about the services offered by it
to promote exports of cotton textiles from India and to mobilize new memberships.
29
HEIMTEXTIL FAIR, FRANKFURT, GERMANY (14-17 JANUARY, 2015)
An international trade fair for home and contract textiles held for four days in January, Heimtextil
is the first major presentation and ordering date in the new year and, therefore the biggest and most
important platform for manufacturers, retailers and designers.
The Council’s booth measuring 48 sqm was strategically located at the entrance of Hall 10.2, exclusively
meant for the Asian participants. The information booth set-up by the Council also showcased an
impressive presentation of Made-in-India products sourced from the members based on a ‘Natural and
Green theme exclusively conceptualized by an Italian Designer.
The fair saw 383 Indian participants both through Messe Frankfurt, India and directly through Messe
Frankfurt, Germany. These included more than 150 TEXPROCIL member participants.
COLOMBIATEX, MEDELLIN, COLOMBIA (27-29 JANUARY, 2015)
The Council organized a group participation of its Members in ColombiaTex held at Medellin city,
Colombia from 27 to 29 January 2015. A total of 559 exhibitors from 19 countries participated in the
26th edition of the fair. ColombiaTex is the premier fair for textiles held every year during the 3rd
week of January at Medellin City, Colombia, mainly to showcase textile products of the Latin American
Countries targeting visitors from all over the American continent. This is one of a very few fairs in
the World providing limited access to Asian suppliers to exhibit, mainly due to fear of competition to
domestic suppliers.
Visitors to the India pavilion were interested in: Fashion Fabrics for ladies dress material, Shirting
Fabrics, Cotton / Polyester blended woven fabrics, Denims, Cotton Yarn. Feedback received from the
participants suggested that the quality of buyers for denims and fashion fabrics were very good.
Several visitors / importers were also keen to visit India to meet more suppliers and preferred to
coincide their visit with good textile fairs being organized in the country.
in the Heimtextil
Fair, held from 1417 January, 2015 at
Frankfurt, Germany
and put up an
attractive display
in Hall No. 10.2,
a premier location
housing all the leading
producers of Home
Textiles from South
Asia.
30
TEX TRENDS INDIA, NEW DELHI, INDIA (28-30 JANUARY, 2015)
The fifth edition of the Tex Trends India exhibition was held from 28 to 30 January 2015 at Pragati
Maidan, New Delhi in Hall Nos. 8, 9, 10, 11, 12 and 12A. An initiative of the Ministry of Textiles and
supported by the Ministry of Commerce and Industry, the fair saw over 380 exhibitors participate in
the event under the aegis of the textile Export Promotion Councils.
Five member exporters participated in this exhibition and the Council put up its Theme Pavilion in
Hall 11 titled ‘Make in India’. Samples from member companies in yarns, fabrics and home textiles
were arranged over 36 sq mts of display area. The Council received a total of 15 enquiries for yarns,
fabrics and made-ups.
EXPO PRODUCCION FAIR, MEXICO CITY (4-6 FEBRUARY, 2015)
The Council organized a group participation of 11 member exporters of cotton, yarn, fabric, table
linen, kitchen linen at Expo-Produccion Fair held from 4 to 6 February 2015. A large number of Mexican
textile companies and importers from Central American region visited the India pavilion, looking for
cotton and blended yarns, fancy yarns (dyed slub yarns), shirting fabrics, denims, bottom weight cotton
fabrics, kitchen linen, anti-static work wear and hospital textiles.
Importers of textiles in Mexico were keen to explore possibility of increasing trade with India, for
both domestic consumption and conversion & re-export.
State for Textiles
(I/C) Santosh Kumar
Gangwar, visited the
‘theme pavilion’ setup
by the Council during
the 5th edition of Tex
- Trends India - 2015,
held at Pragati Maidan
(ITPO), in New Delhi
on Wednesday 28th
January 2015.
31
12TH INTERNATIONAL ISTANBUL YARN FAIR, ISTANBUL, TURKEY
(5-8 FEBRUARY, 2015)
The Council participated in the 12th International Istanbul Yarn Fair which was held at the Tuyap
Fair Convention & Congress Center Istanbul, Turkey from February 5 to 8, 2015. International Istanbul
Yarn Fair, which is organized annually, has become very successful and the world’s most comprehensive
yarn fair. The fair attracts buyers from various locations in Turkey and from more than 75 countries.
The Consul General of India in Istanbul, Shri Manish Gupta visited the fair and interacted with all the
Indian companies. A good number of visitors had attended the fair. Many buyers from countries like
Iran, Egypt, China, Portugal, Spain and Poland besides Turkey visited the fair. All the participants had
reportedly benefited by participating in the fair. Many of them have got orders and have also established
contacts with potential buyers.
TEXWORLD AND APPAREL SOURCING SHOW, PARIS, FRANCE (9-12 FEBRUARY, 2015)
With a view to promoting export of value added textiles and aware of the fact that Paris is the
Fashion Capital of the World, several major importers converge at “Texworld and Apparel Sourcing
Show, Paris” Fair to source their requirement of all types of fabrics, the Council took the initiative of
organizing group participation of Indian exporters of Fabrics and Clothing in this important Fair in
Europe, held at Le Bourget Exhibition Hall in Paris, France from 9 to 12 February 2015. This fair is
held twice a year, every September & February.
The total exhibitors at the fair were approx. 750 from 38 countries, attracting 13,639 visitors from 111
countries during the 4 days of the show. There were about 80exhibitors from India in products made
from cotton, silk, wool, embroidery and lace amongst other categories. The Council had a booth of 21
sq mt at the Fair providing information about the advantages of sourcing Fabrics and other Textiles
from India. Enquiries received at the fair were circulated to trade.
PREVIEW IN DAEGU, SOUTH KOREA (11-13 MARCH, 2015)
The Council participated in PREVIEW IN DAEGU 2015, a textiles exhibition held in South Korea from
11 -13 March 2015. Preview in Daegu is an established trade fair which takes place every year. 7
Companies had participated in the exhibition through the Council. The Council’s booth also displayed
the samples of a few exporters. Shri Raj Kamal - First Secretary from the Indian Embassy in Seoul
visited the exhibition and interacted with all the Indian companies at their booths. A good number of
buyers also visited the exhibition and all the firms who had participated in the exhibition succeeded
in establishing contacts with a large number of buyers. Some of them even booked some orders on
the spot. In addition to South Korea, there were buyers from other countries like UK, Spain, Taiwan,
China, Italy, Pakistan, Dubai, Nigeria, Egypt, Sri Lanka and Saudi Arabia at the fair.
COLOMBO INTERNATIONAL YARN & FABRIC SHOW, COLOMBO, SRI LANKA
(12-14 MARCH, 2015)
Sri Lanka offers very good opportunity for increasing exports of fabrics due to increasing export
of garments and non-availability of fabrics domestically. Realising this, the council organized group
participation of its members in the 6th Colombo International Yarn & Fabric Show-2015 in Colombo,
Sri Lanka from 12th to 14th March 2015.
32
The India pavilion was organised by the Council with the active support and guidance of the High
Commission of India in Colombo. Mr. Rashid Bathiuddin, Minister of Commerce and Industry Sri Lanka
visited the stalls and also interacted with the Indian exhibitors. Also present as special guests were the
Chairman of the Sri Lanka Export Development Board and the Chairman of Sri Lanka Apparel Brands
Association. The Minister along with the other special guests also visited the Indian pavilion.
YARN EXPO & INTERTEXTILE SHANGHAI APPAREL FABRICS, CHINA
(18 - 20 MARCH, 2015)
The Council organized group participation of its members at the Intertextile Shanghai Apparel Fabrics
& Yarn Expo, Shanghai, China held from 18 to 20 March 2015 being held concurrently at National
Exhibition and Convention Center (Shanghai), China. 55 Indian exporters participated in the two events.
A large number of Chinese visitors and a few visitors from other countries visited the India pavilion
at Yarn expo looking for sourcing regular yarn counts. During this edition, there was an increase in
number of Chinese fabric manufacturers visiting the fair to source their requirements directly rather
than through trading companies. The India pavilion at the fabric side of the fair attracted more number
of visitors from other countries, such as, Italy, South Korea, and USA etc.
Shri. Ujwal Lahoti, Deputy Chairman and Shri. Siddhartha Rajagopal, Executive Director, TEXPROCIL
met with Mr. Gao Yong (CNTAC VP), Ms. Yuan Hongping (Director, Foreign Affairs), Ms. Zhu Beina
(CCTA Chairperson) and Mr. Yang Zhaohua (CHTA Chairman) and discussed the various initiatives to be
undertaken for further promoting business cooperation and joint projects between the textile sectors
in the two countries.
Industry and
Commerce Minister,
of Sri Lanka Mr.
Rishad Bathiudeen
(2nd from left) along
with Sri Lanka Export
Development Board
Chairman, Mr. Bandula
Egodage (centre)
during their visit to
the Indian Pavillion
at the 6th Colombo
International Yarn &
Fabric Show, Sri Lanka.
33
BUYER SELLER MEETS (BSMs)
BSM IN DUBAI, UAE (16-17 NOVEMBER, 2014)
TEXPROCIL in association with the Embassy and Consulate General of India in UAE organized an
exclusive Buyer Seller Meet (BSM) titled “Indian Cotton Textile Show” on November 16 – 17, 2014 at
Traders Hotel in Dubai which was inaugurated by the Consul General of India to UAE H.E. Shri Anurag
Bhushan. 8 Indian companies had participated in the BSM with a wide range of cotton textiles products.
The BSM attracted about 135 to 140 buyers which included some leading buyers & Industry leaders such
as Pan Emirates Furnishings, Al Safeer Group, Landmark Group, Apparel Group, ITL Group, Bin Hussein
Group, Safetex Group, Regal Group, Top Form Furnishings, GEEBEE Trading, etc.
BSM IN MYANMAR (8-12 DECEMBER, 2014)
With the ongoing economic changes, Myanmar is slowly establishing itself as a leading garment
manufacturing hub. The ongoing quest for low cost production has drawn manufacturers' attention to
the clothing industry in Myanmar.
A buyer seller meet was organized by the Council in Amrapura, Mandalay, Wundwin and Yangon
with the active support and guidance of the Consulate General of India, Mandalay and the Embassy
of India, Yangon.
The main objectives of organising the Buyer Seller Meet (BSM) were to understand the present market
conditions in Myanmar; assess level of domestic textile production & technology in the country and
showcase the strength and capacity of Indian cotton textile industry as a reliable supplier of quality
raw materials to Myanmar.
Eleven Indian companies participated in the BSM in Myanmar and there was a good response at
each of the centres where it was held. Some participants succeeded in developing trade contacts with
the buyers.
The BSM was also supplemented with visits to the local garment producing units at each of the
centres to understand the type and specification of raw materials being used.
TRADE DELEGATIONS / CONFERENCES / MEETINGS / PRESENTATIONS
PRESENTATION AT INDIA SHOW AT HONG KONG (28 APRIL, 2014)
The Confederation of Indian Industries (CII) organized the “India Show at Hong Kong” from
27 to 30 April 2014 under the MAI scheme of the Ministry of Commerce, Government of India.
Shri N. Ravindranathan, Joint Director, Texprocil made a presentation on behalf of the Council on
“Building Trade and Investment Linkages with India” at a seminar organised by CII & India Business
Forum in Hong Kong alongside the India Show on 28 April 2014. The seminar was attended by over fifty
business men based in Hong Kong along with several professionals, consultants and media personnel.
Presentation covered various aspects such as, strengths and advantages of Indian textile manufacturing
sector, textile policy of various States, Investment and bilateral trade opportunities in the Textile and
Clothing sector.
34
CONFERENCE ON IMPORTED YARN FORUM, HANGZHOU, CHINA (12-13 JUNE, 2014)
Imported Yarn and Grey Fabric Forum is being organized annually by CCF Group, China and the
Council has been successfully using this platform to popularize the advantages of using India yarn and
grey fabric for conversion into value added textiles by the Chinese enterprises.
The 2014 edition of the Imported Yarn Forum was organized from June 11-13, 2014 in Hangzhou,
China. Overseas suppliers, senior import and export managers, trade experts as well as successful
enterprises did an in-depth analysis on various subjects of topical interest.
It was an important event for the yarn industry in China generating a keen interest in the imported
yarn market and apprising the status of yarn production in India and Pakistan.
A presentation on textile industry outlook and policy orientation in India" was made by Shri Siddhartha
Rajagopal, Executive Director Texprocil. Other presentations from India included one by Mr Sanjay Jain
of TT Limited on the topic "How Indian cotton yarn will fare under unpredictable market environment?"
and by Mr Dharmendra Goyal of Tirupati Yarns on "How to settle procurement strategy when price
fluctuates greatly?"
More than 600 participants attended the conference, including leaders from The Textiles Export
Promotion Council of India and China Cotton Textile Association as well as yarn agents, traders and
manufacturers both domestic and from overseas.
CHINA TEXTILE RESOURCES MARKET CONFERENCE 2014, SHANGHAI, CHINA
(16-17 JUNE, 2014)
TEXPROCIL, was invited by CNTAC to present a paper at the “China Textile Resources Market Conference
2014” organized in Shanghai on 16 to 17 June, 2014. This is one of the annual Conferences being
organized by the China National Textile and Apparel Council (CNTAC) at major textile centres. The 2014
edition of the Conference was held on 17 June 2014 at Shanghai to coincide with ITMA ASIA + CITME
2014, held from 16 to 20 June 2014.
Eminent speakers from the Textile industry around the world made presentations at the conference,
which was well attended by more than 400 textile enterprises from all over China. Participants included
cotton/cotton yarn & fabrics/man-made fiber suppliers, textile materials traders, buyers of cotton/knitted/
home textiles companies, manufacturers of textile machinery, experts & researchers of cotton sector.
The theme of the Conference was “Material and Modality, Transformed for New Growth”. At the
Forum, Shri Manikam Ramaswami, former Chairman, Texprocil presented a Paper on “Integrating Indian
& Chinese Textile Supply Chain to keep Chinese Textile Manufacturing & Retailing Costs Low”. The main
thrust of the presentation was that China & India should co- operate with each other so that both
countries benefit from the synergies & each other’s strengths.
VISIT OF TEXTILE TRADE DELEGATION TO HO CHI MINH CITY, VIETNAM
(4-8 AUGUST, 2014)
The Council organized the visit of a trade delegation to Ho Chi Minh City in Vietnam from 4 to 8
August in a concerted effort to increase India's market share especially in supplies of fabrics, where
India's current share is very low at 0.6%.
Considering India's strengths, the Council decided to invite the leading manufacturers of fabrics to
35
participate in the delegation. Twelve leading exporting companies of fabrics (grey, dyed, printed, denim)
in woven and knits were participants of the trade delegation.
The novel feature of the visit of the trade delegation was that the meetings were organized in the
garment factories itself, where each Indian company showcased its product lines for the benefit of the
Vietnamese garment manufacturers.
The objective of this visit was to showcase the strength and capability of Indian cotton textiles industry
as a reliable supplier of quality fabrics required for Vietnam’s strong garment industry and to enable
interactions between exporters and buyers in seeking out ways to establishing long term mutually
beneficial business relationships.
The efforts proved to be very successful, as the delegation was able to visit around 15 leading garment
manufacturers in the Ho Chi Minh City area and understand their requirements in detail.
On the final day of visit, B2B meetings were held, were 40 leading Vietnamese garments companies
had business interactions with the Indian delegation. The Ambassador of India to Vietnam Ms. Preeti
Saran was the Chief Guest at the B2B Forum.
MEETING WITH VICE PRESIDENT OF THE GUATEMALA TEXTILES AND APPAREL
ASSOCIATION (VESTEX), MR. JUAN CARLOS PRATO (13 OCTOBER, 2014)
The Vice President of the Guatemala Textiles and Apparel Association (VESTEX), Mr. Juan Carlos Prato
visited the Council’s Registered Office at Mumbai on 13 October 2014. VESTEX represents the textile
and clothing sector of Guatemala comprising 152 apparel manufacturers, 42 textile mills, 260 services
and trimming companies and 18 agents.
Guatemala is the largest country of the Central American region, both in terms of production (GDP)
that amounts to US$ 55,000 million, and in terms of a population of 15.6 million inhabitants. It is also
the most diversified economy. The apparel and textile Industry represents 4% of the country´s production
(GDP) and 19% of industrial production (industrial GDP).
During the meeting with a few Indian exporters, Mr Carlos Prato also discussed the strategy of
increasing exports to Guatemala and invited Indian participation at the Apparel Sourcing Show organised
by VESTEX in Guatemala City from 19-21 May 2015. Mr Prato also made a presentation on the
textile and apparel industry in Guatemala and the Apparel Sourcing Show and also explained the
features of the “Short Supply Rule”, whereby Guatemala can import raw materials from third countries
i.e. non – CAFTA members.
ROUND TABLE MEETING ON SUPPLY FROM CHINA AND SOUTH EAST ASIA TO THE
GLOBAL APPAREL MARKET (21 OCTOBER, 2014)
To commemorate 20th anniversary of InterTextile Fair, a Round Table Meeting was held on
21 October 2014 in which representatives from India, China and Taiwan participated to exchange
views on present manufacturing scenario in world textile producing countries and future prospects for
investments and consolidation of textile and clothing manufacturing in the major producing countries.
Shri R. K. Dalmia, Chairman, Texprocil made a presentation on “Growth in China and their potential
moves to invest in manufacturing services in South East Asia”, at this meet which was well received by
the participants. In his presentation, Shri R. K. Dalmia summarized the conducive investment climate
36
in India under the present ‘Make in India’ campaign; inherent advantages of textile manufacturing in
India and invited investments from the Chinese enterprises.
GREY FABRIC FORUM, HANGZHOU, CHINA (6-7 NOVEMBER, 2014)
The Council participated in the "Grey Fabric" Forum held in Hangzhou, China on
6th-7th November, 2014. Shri Siddhartha Rajagopal, Executive Director of the Council made a presentation
on "Advantages of Sourcing Cotton Fabrics from India".
The key takeaways from the Conference were that India's prices of Cotton Fabrics were very competitive
and if the import duties are reduced from 10% to 5%, India's exports will increase two to three fold
from the present level.
Pakistan has a market share of almost 85.73% in the grey fabrics segment. Apart from Grey Fabrics,
there is also a growing demand for Dyed/ Processed Fabrics as China is imposing stringent controls on
pollution under their "Blue Sky" policy, whereby they hope to control all carbon emissions & pollutants
by the year 2020 & see the blue sky clearly across China.
The forum also helped to represent some serious concerns regarding an over-supply of cotton in the
world, consequent upon China making some far reaching changes in its Cotton procurement policy.
VISIT OF A HIGH LEVEL INDIAN DELEGATION TO HANOI AND HO CHI MINH CITY,
VIETNAM (19-21 JANUARY, 2015)
A high level delegation led by the Commerce Secretary, Shri Rajeev Kher visited Hanoi and Ho Chi
Minh City (HCMC) in Vietnam from 19 to 21 January, 2015 to attend the 2nd Meeting of the Joint
Sub-Committee on Trade between Vietnam and India.
The delegation also included Smt. Sunaina Tomar, Joint Secretary (Exports), Shri Ravi Capoor, Joint
Secretary (ASEAN), Ministry of Commerce and Executive Director (Texprocil), Shri Siddhartha Rajagopal
and a few leading exporters of textiles.
Detailed discussions were held between JS, Textiles and the EDs of Texprocil & SRTEPC along with
the officials from the Ministry of Light Industry and VINATEX, the biggest textile company and group
in Vietnam regarding a road map for developing closer cooperation between the two countries.
This was followed by a B2B meeting in HCMC on 21st January. Sectoral B2Bs were also organised
which was attended by the representatives of various businesses and exporters.
In the sectoral meetings for textiles, enquiries were received for woven and knitted fabrics and denims
from a few buyers. Discussions were also held with representative of logistic / warehousing agencies for
leasing / use of bonded warehouses by Indian textile companies in order to reduce lead time.
MEETING ON INCREASING EXPORTS TO SOUTH KOREA (23 MARCH, 2015)
TEXPROCIL held a meeting of exporters at its Registered Office at Mumbai on 23 March, 2015 to
discuss strategy to increase exports to South Korea. Dr. V. S. Seshadri, Vice Chairman of Research &
Information System (RIS) for developing countries & former Ambassador to Myanmar attended the
meeting and guided the exporters with regard to the potential for exporting textiles to South Korea
in the context of the Indo-Korea CEPA. Around 20 exporters participated in the meeting.
37
VISIT OF OVERSEAS DELEGATION TO INDIA
VISIT OF CCPIT DELEGATION (18 NOVEMBER, 2014)
The Council has been relentlessly pursuing intense engagement with China, which has emerged as a
vital trading partner for India especially for exports of Raw Cotton & Cotton Yarn.
A visiting delegation led by Mr Lin Yunfeng Vice Chairman, The Sub- Council of Textile Industry,
CCPIT, China met with Texprocil members on 18 November, 2014 at the Council’s Registered Office at
Mumbai. The delegation included representatives from leading textile companies like, LU THAI TEXTILES
CO. & BLACK PEONY (GROUP) CO. leading producers of Shirting Fabrics & Denim in China.
These Companies were looking for Cotton Yarns, & Grey Fabrics, as part of China's "Look West"
Policy. With costs of labour, raw material & stringent regulations on pollution control, and as part of
the "Blue Sky" policy, Chinese companies are keenly looking towards trading in finished goods & also
overseas investments.
SEMINARS AND WORKSHOPS
SEMINAR ON SERVICE TAX AND FOREX MANAGEMENT (JULY 23, 2014)
TEXPROCIL organised a seminar on Service Tax & Forex Management at its office in Mumbai on July
23, 2014. The objective of the seminar was to understand the procedures for online mechanism for
Service Tax refund which has been introduced by the Government. Shri Sushil Solanki, Commissioner of
Service Tax, Mumbai was the Guest of Honour. Shri K.B.R. Swamy from TVC Institute of Management
made presentation on Service Tax which included major changes in Finance (No.2) Bill 2014, Salient
features of Service Tax Regime, Service Tax Rules 1994, Place of Provision of Service Rules, 2012, Refund
of Service Tax on Export of goods, Cenvat Credit Rules, 2004. Shri Sajal Gupta & Shri Vikash Vairoliya
made a presentation on Forex Risk Management. Over 46 exporters attended the seminar. During the
Question Answer Session, the participants raised many queries on various issues related to Service Tax.
All the queries were suitably replied.
SEMINAR ON FX RISK MANAGEMENT AND COST REDUCTION STRATEGIES FOR
EXPORTERS (25 NOVEMBER 2014)
TEXPROCIL organized a “Seminar on FX Risk Management and Cost Reduction Strategies for exporters”
at its auditorium on 25th November 2014. Shri Abhishek Goenka, Founder and CEO of Indian Forex
Advisors Pvt. Ltd made a presentation which included cost reduction strategies, Profitable Strategies for
Hedging, overview of Indian Rupee, global markets, banking challenges and rolling forward of PCFC
account. 22 exporters participated in the seminar.
SEMINAR ON EXPLORING THE AFRICAN MARKET (20 FEBRUARY 2015)
In order to focus on African region, the Council organized a workshop on "Opportunities for Textile
Trade in the African Region" on 20th February 2014 at the Council's H.O. in Mumbai. The workshop
was addressed by representatives of Wazir Associates. The Council believes that a focused approach
based on identification of specific products with good demand in the region followed by selective road
show and buyer – seller meets will enable India to increase its market share in the Region from 7%
at present to around 15% in the next 3 to 5 years. The region enjoys duty free access into the US /
EU markets and also permits use of third country fabrics in garment production for availing duty free
benefits. The workshop was well attended by the Council’s Members who were desirous of exploring
opportunities to trade in the African Region.
38
EXPORT SERVICES ACTIVITIES
GOVERNMENT RULE & REGULATIONS
Cotton textile exports continue to be sensitive to export benefits, Duty Drawback, FTAs/RTAs which
India engages with other countries / region and the various Government policies. The Council took the
primary responsibility of facilitating the creation of an enabling environment and infrastructure for
accelerated growth of exports of cotton textiles. The core functions in this regard included providing
inputs / suggestions to the Government for formulation and implementation of appropriate trade and
commercial policies for increasing exports of cotton textiles.
The Council made several representations to the Government on various issues affecting the exporters.
Most of the recommendations made by the Council were accepted and implemented by the Government.
The Council’s representation on the Government’s proposed move to make it mandatory to obtain
certifications under National Programme for Organic Production (NPOP) for organic textiles was accepted
and the Government has deferred this requirement. Many cotton textile products were included in the
Focus Product Scheme as proposed by the Council. Likewise, many countries have been included under
the Focus Market Scheme and the Market Linked Focus Product Scheme as recommended by the Council.
On account of the Council’s representations, Many procedural issues were also resolved.
However, there were still some areas which remained unresolved despite persistent representations
to the Government by the Council. The problem faced by the exporters in filing applications online
for 2% additional duty credit scrips under the Market Linked Focus Product Scheme (MLFPS) remained
unresolved. The Council’s representations on the relaxation of the Cabotage Rules also remained pending.
Despite several representations, the delay in the release of Duty Drawback amounts continues at major
ports like JNPT, Chennai, Tuticorin etc.
FOREIGN TRADE POLICY / UNION BUDGET PROPOSALS
The Council made an in-depth analysis of the various provisions of the Foreign Trade Policy & Procedures
and based on such analysis and feedback from member-exporters, various issues were taken up with the
Director General of Foreign Trade, Ministry of Commerce, with a view to make the Foreign Trade Policy
operationally smooth, result-oriented and exporter-friendly. Similarly, amendments in Duty Drawback
rates, Customs & Central Excise Rules & Regulations were constantly monitored and the implications of
such changes were analysed and corrective measures were suggested.
The Council also sent proposals to the Government on the Foreign Trade Policy 2015-20 and the
Union Budget for 2015-16.
DUTY DRAWBACK SCHEME
A majority of the members of the Council operate under the Duty Drawback Scheme. The Council
took all necessary steps to ensure that the Duty Drawback rates for Cotton textiles are fair and justified.
During the year, the Council collected data from member-exporters and submitted detailed proposals
for an increase in the Duty Drawback rates for Cotton Textiles.
The Council made presentations before the High level Committee consisting of Dr.Saumitra Chaudhuri,
Chairman, Shri G.K. Pillai, Ms. Shobha L Chary, Member and Shri Gautam Ray, Member in Mumbai on
14th August 2014, and in Coimbatore on 15 September 2014. In its presentation, the Council had
39
suggested for an increase in the Drawback rates as well as the Drawback caps. The presentation
covered export products like Cotton Woven fabrics (including Denim)-Dyed and Made-ups (including
Home textiles). The Council emphasized the need for an increase in the Drawback caps especially for
high value fabrics. The disadvantages faced due to preferential access given by EU to fabrics producing
countries like Pakistan, Turkey and Egypt and high import duties imposed by China and Turkey were
also brought to the notice of the Drawback Committee.
TECHNICAL TEXTILES
The Council played a major role in promoting exports of technical textiles. The Council highlighted to
the Government the need for separate ITC (HS) Codes and Standard Input Output Norms for technical
textiles products. The Council also proposed ITC (HS) Codes for 70 items of technical textiles to the
Government.
GRIEVANCES OF EXPORTERS / PROCEDURAL PROBLEMS/ TRADE FACILITATION
SERVICES
Recognizing the importance of information for success in exports, the Council has put in place a
system to provide authenticated information and support services to member-exporters at the right time.
All important and relevant Notifications & Circulars on various issues were systematically disseminated
by the Council to its members.
The Council also took up problems faced by exporters at the operational level with appropriate
Government bodies such as Customs, Central Excise, Licensing authorities, Banks, ECGC etc. The Council
also assisted the member exporters in getting their Excise Rebate/Duty Drawback claims, Service Tax
and VAT refunds with minimum delay.
The Council’s representative regularly attended the Custom’s Trade Facilitation Meetings and the
Grievance Committee meetings held by Jt. DGFT, Mumbai for redressal of such problems. Moreover, the
Council also attended to complaints from exporters against overseas buyers on issues like non-payment
against Export Bills, quality problems raised by the exporters & others.
The Council has also put in place a system to deal with various queries from member-exporters on
Policy & Procedural issues wherein clarifications are issued without delays.
REPRESENTATIONS ON MAJOR ISSUES
Some of the important issues on which representations / proposals were submitted to the Government
are as under:
 Problems faced by the exporters to Bangladesh due to Bongaon Parking.
 DGFT’s decision to restrict the Duty credit scrips entitlement under the Incremental Export Incentivization
Scheme for the last quarter of 2012-13 to Rs.20 lakhs.
 Banks releasing the E-BRCs by deducting the foreign bank charges from the FOB value thereby leading
to reduction in the export benefits.
40
 Non-acceptance of certificates issued by notified agencies other than Export Inspection Agency (EIA) under
the Asia Pacific Trade Agreement (APTA) by the Chinese Customs.
Suspension of facility of factory stuffing by Central Excise Range office, Solapur.
 Increase Drawback cap for shirting fabrics covered under Drawback Tariff No.520802.
 Delay in the release of Duty Drawback amounts at Tuticorin Customs.
 Fixation of SION for Innovative Products (including Technical textiles).
 Increase in the entitlement of duty free import of trimmings and embellishment against export of Cotton
Madeups from 1% to 5% at par with Garments.
 Including certain certifying bodies in Appendix 6 of the FTP 2009-14 to issue ISO Certificates for the
purpose of granting double weightage for grant of Status Holders Certificates.
 Delay in the issue of Registration Certificates for export of Cotton Yarn by RA Registering Authority (RA),
Chennai.
 To re-instate para 2.20A in the FTP 2009-14 to enable exporters to file their applications for Chapter 3
benefits under E-BRC System before realization of export proceeds.
 To include Croatia in the list of countries falling under EU for the purpose of extending benefits under
the MLFPS.
 To prescribe the required application form and guidelines for getting additional Duty credit scrips on export
of certain new items to the EU(28) under the MLFPS in terms of DGFT PN No. 53 dated 27.2.2014.
 To release funds under the TUF Scheme related to investments made during the Blackout Period.
 To include representative of TEXPROCIL in the Norms Committee at DGFT, HQ in order to facilitate speedy
fixation of SION for technical textiles.
 To initiate necessary steps for reduction of import duty by China on import of cotton fabrics from India.
 To abolish Terminal Handling Charges (THC) charged by the Shipping lines on export & import cargos.
 To notify the application form and guidelines for getting duty credit scrips under the Incremental Exports
Incentivization Scheme (IEIS) on annual basis.
 To reduce the time limit for the fixation of Input Output Norms from 120 days to 30 days under the
Citizen’s Charter.
 To implement 24x7 Customs Clearance facilities at JNPT Port.
 To extend more benefits to the textile sector under the FPS and MLFPS.
 To relax the Cabotage Rule so that transport of Cotton from Gujarat /Maharashtra to the Southern States
by using foreign vessel can be permitted.
 Emphasised the need to continue and enhance export incentives for the textile sector.
 Note on the likely impact of withdrawal of export benefits on the textiles and clothing sector.
 Suggestions on Procedural Simplification under Foreign Trade Policy 2014-19.
41
 Note on “Export Potential of Indian Textiles to Vietnam”
 Specific trade related issues in the context of Trade Policy Review (TPR) by WTO in June 2015.
 To withdraw mandatory certification of organic cotton textiles products under NPOP introduced by the
Govt. as certificates under GOTS are widely accepted by the overseas buyers.
 Restoration of FMS benefits to export of Cotton Yarn.
 Issues in the implementation of the Integrated Skill Development Scheme being run by the Textile Ministry.
 Simplification of Advance Authorization Scheme.
 To re-instate the 3% Interest Rate Subvention Scheme and to include cotton textiles under the scheme.
 To issue a clarification regarding classification of Boiler Suits under the Drawback Schedule.
 Non-transmission of Duty Credit Scrips under 2% additional MLFPS, IEIS -2012-13 and IEIS on Annual basis
from DGFT to the Customs electronically.
WORKING OF SUB COMMITTEES
 The Sub Committees constituted by the Council for undertaking detailed export promotional programmes
for Yarns, Fabrics and Made-ups met regularly during the year.
MEMBERSHIP PROFILE
As on
31st March 2015
As on
31st March 2014
164
141
Registered Textile Exporters (RTEs)
2916
3130
TOTAL
3080
3271
Particulars
Members
42
Composition Of
The Committee Of Administration
The newly constituted Committee of Administration at its meeting held on 13th September 2014 elected
Shri R. K. Dalmia as Chairman, Shri Ujwal R. Lahoti as Deputy Chairman and Dr. K. V. Srinivasan as
Vice Chairman.
The Composition of the Committee and status of Committee Meetings attended by Members are given
below: SR. NO.
NAME
NO. OF MEETINGS ATTENDED
OFFICE BEARERS
1
Shri R. K. Dalmia, Chairman
6
2
Shri Ujwal R. Lahoti, Deputy Chairman
5
3
Dr. K. V. Srinivasan, Vice Chairman
3
OTHER MEMBERS
4
Shri Amit Ruparelia (up to 13.09.2014)
6
5
Ms. Preeti M Sheth
5
6
Shri Arun Todi
5
7
Shri D. L. Sharma
5
8
Shri Ketan Manek
5
9
Shri Vishnukumar Jalan
5
10
Shri Manojkumar Patodia
4
11
Shri Umang Patodia
4
12
Ms. Mridula Ramesh
4
13
Shri K. M. Poddar
4
14
Shri Manikam Ramaswami
3
15
Shri Parag H Udani
3
16
Shri K. Hari Thiagarajan
3
17
Shri Aditya Krishna Pathy
3
18
Shri Rajesh R. Mandawewala
3
19
Shri Prakash Shah (from 13.09.2014)
3
20
Ms. Kiran Soni Gupta, Textile Commissioner (from 17.05.2014)
3
21
Shri Ashwin Chandran
3
22
Shri Naishadh Parikh (up to 13.09.2014)
3
23
Shri S. K. Khandelia (from 13.09.2014)
2
24
Shri Mukund Chaudhary
2
25
Shri Sunil Patwari
2
26
Shri R. K Agarwal (up to 13.09.2014)
1
27
Shri Adarsh Kanoria
0
28
Ms. Sunaina Tomar, Joint Secretary, Ministry of Textiles
0
29
Shri T. Rajkumar
0
30
Shri S. Dinakaran
0
31
Shri A. L. Ramachandra ( up to 13.09.2014)
0
During fiscal year 2014-15, the Committee met 6 times i.e. 2 times pre AGM and 4 times post AGM.
43
60TH ANNUAL GENERAL MEETING
The 60th Annual General Meeting was held on Saturday. 13th September 2014 at “Sunset Lounge”,
Hotel Trident, Nariman Point, Mumbai. Twenty Three (23) Member Exporters and Seven (7) Registered
Textile Exporters attended the meeting.
Shri Manikam Ramaswami, Chairman took the chair and called the meeting to order after ascertaining
that requisite quorum was present.
Greeting the members at the AGM, Chairman stated that he deemed it as a privilege to present the
60th Annual Report of the Council. Texprocil was the mother of all EPCs and the dedicated efforts
put in by its leaders in the initial years inspired the Government to create several sector specific EPCs,
subsequently. The Council, he pointed out had been constantly reinventing itself during the last 60
years to stay relevant and serve its membership objectively.
Stressing on the importance of joint representations to policy makers, he stated that TEXPROCIL @ 60
enjoyed tremendous credibility, and its logical data based approach was much appreciated by Ministry
officials. The effectiveness of TEXPROCIL’s approach over lobby based approach was certainly bringing
the other EPCs to work more closely with it.
To become competitive in International Trade, Shri Ramaswami stated that the EPCs should come together
and get increasingly involved in related areas which may not strictly be construed export promotion
activities, such as getting Cotton Corporation of India (CCI) to play a market stabilizing role besides
implementing the support price scheme for procurement of cotton; carefully study international trade
treaties and trade imbalances with important countries; commission social impact studies and through
it highlight the importance of access to developed markets for textiles; study the stated objective
of incentives and dutifully take up the need to have the highest incentives for textiles amongst all
manufactured product with the Ministries of Textiles and Commerce including the Directorate General
of Foreign Trade (DGFT).
Shri Manikam Ramaswami further stated that the ‘China Focus’ policy had yielded excellent results
during the year gone by wherein Indian exporters enjoyed a buoyant market for yarn.
The Council’s
innovative strategy to open the door into Vietnam was also beginning to give results. Council’s approach
was highly appreciated not only by the Ministry of Textiles and Commerce and the Indian Consulate
but even by the Vietnamese Department of Trade. The Council’s efforts to get the Indian Government
to seek favourable access to China for Indian Fabrics and Home textiles by way of reduced tariff was
gaining traction, which if considered by the Chinese Authorities will help India steeply increase its exports.
Chairman pointed out that TEXPROCIL was one of the very few EPCs which had assumed an ambitious
target for the fiscal year 2012-2013 and exceeded it by a decent margin for which it was complimented
by the Ministry of Textiles.
The General Body approved and adopted the Committee’s Report, Annual Audited Accounts, Auditor’s
Report and Appointment of Auditors for the year 2014-15 including fixing of their remuneration.
Following Members were elected as Committee Members in place of those Committee Members who
retired by rotation.
44
Category: Export Performance between Rs.5 Crores and Rs.25 Crores
Smt. Mridula Ramesh, Sundaram Textiles Ltd.
Shri Parag H Udani, Kaytee Corporation Pvt. Ltd.
Shri Prakash Shah, S. K. Solurtions
Category: Export Performance of Rs.25 Crores and above
Shri S. K. Khandelia, Sutlej Textiles and Industries Ltd.
Shri Rajesh Mandawewala, Welspun Global Brands Ltd.
Shri Manojkumar Patodia, Prime Urban Development India Ltd.
TEXPROCIL’s 60th AGM
was held on 13th
September 2014 in
Mumbai. Seen in pic.
Chairman, TEXPROCIL
addressing the 60th
AGM of the Council
State for Textiles (I/C)
Shri Santosh Kumar
Gangwar presenting
the Special Gold
Trophy for the Highest
Global Exports to Shri
B K Goenka, Chairman,
WELSPUN Global
Brands Ltd (4th from
right) flanked by his
team members.
45
The Sixty-First Annual Report
THE SIXTY-FIRST ANNUAL REPORT OF THE COMMITTEE OF ADMINISTRATION ON THE BALANCE SHEET
AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2015 TO THE MEMBERS
OF THE COUNCIL AS REQUIRED UNDER ARTICLE 69 OF THE ARTICLES OF ASSOCIATION OF THE COUNCIL
The Members of the Committee of Administration submit the Audited Balance Sheet and Income and
Expenditure Account for the year ended 31st March, 2015.
The Income and Expenditure Account after providing for all the known and anticipated charges and
depreciation of Rs. 30,39,419/- on fixed assets disclosed an excess of Income over Expenditure of Rs. 1,15,31,138/There are no employees covered under section 217(2A) of the Companies Act, 1956, read with the Companies
(Particulars of Employees) Rules, 1975, as amended and hence no particulars are required to be furnished.
The assets of the Council are kept in proper order.
MEMBERS OF THE COMMITTEE OF ADMINISTRATION'S RESPONSIBILITY STATEMENT:Pursuant to the requirement under Section 134 (3) (c) of the Companies Act, 2013, your Members of the
Committee of Administration to the best of their knowledge and belief and according to the information
and explanations obtained by them, hereby confirm that:
(a) in the preparation of the annual accounts for the financial year ended 31st March, 2015, the applicable
accounting standards have been followed along with proper explanation relating to material departures;
(b)the Members of the Committee of Administration have selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable and prudent so as to give
a true and fair view of the state of affairs of the company at the end of the financial year ended
31st March, 2015 and of the Income and Expenditure of the company for that period;
(c)the Members of the Committee of Administration have taken proper and sufficient care for the
maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
(d)the Members of the Committee of Administration have prepared the annual accounts on a going
concern basis; and
(e)the Members of the Committee of Administration have devised proper systems to ensure compliance
with the provisions of all applicable laws and that such systems are adequate and operating effectively.
R K Dalmia
Chairman
Ujwal Lahoti
Deputy Chairman
K V Srinivasan
Vice Chairman
Manoj Patodia
Preeti M. Sheth
Committee Members
Date: July 14, 2015
Place: Mumbai
46
Independent Auditor’s Report to the Members of
The Cotton Textiles Export Promotion Council
REPORT ON THE FINANCIAL STATEMENTS
1. We have audited the accompanying financial statements of The Cotton Textiles Export Promotion Council
(“the Council”), which comprise the Balance Sheet as at March 31, 2015, and the related Statements of
Income and Expenditure for the year then ended, and a summary of the significant accounting policies
and other explanatory information.
MANAGEMENTÛS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
2. The Council’s Committee of Administration is responsible for the matters stated in Section 134(5) of the
Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give
a true and fair view of the financial position and financial performance of the Council in accordance with
the accounting principles generally accepted in India, including the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended). This
responsibility also includes maintenance of adequate accounting records in accordance with the provisions
of the Act for safeguarding the assets of the Council and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments and estimates
that are reasonable and prudent; and design, implementation and maintenance of adequate internal
financial controls, that were operating effectively for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the financial statements that give a
true and fair view and are free from material misstatement, whether due to fraud or error.
AUDITORÛS RESPONSIBILITY
3. Our responsibility is to express an opinion on these financial statements based on our audit.
4. We have taken into account the provisions of the Act, the accounting and auditing standards and matters
which are required to be included in the audit report under the provisions of the Act and the Rules made
thereunder.
5. We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10)
of the Act. Those Standards require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free from material
misstatement.
6. An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures
in the financial statements. The procedures selected depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal financial control relevant to the
Council’s preparation of the financial statements that give a true and fair view in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion
on whether the Council has in place an adequate internal financial controls system over financial reporting
and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of
47
the accounting policies used and the reasonableness of the accounting estimates made by the Council’s
Members of the Committee of Administration, as well as evaluating the overall presentation of the financial
statements.
7. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion on the standalone financial statements.
BASIS OF EMPHASIS OF MATTER
8. Attention is drawn to Note 29 to the financial statements which states that the Council has not made
any provision for taxation for the current year and earlier year as in the opinion of the management the
activities of the Council are in the nature of charitable purpose in accordance with section 2 (15) and
hence the council is entitled to the benefits of section 11 of the Income tax act. However, the Income tax
department had denied the benefit of the section 11 of the Income tax Act 1961, for AY 2009-10, 2010-11
and 2011-12 and had raised demand of Rs. 35,313,456/-. The matter was decided by Honourable Tribunal
in favour of the Council for the AY 2009-10. The department has filed the petition to the Mumbai high
court against the said order. Having regarded to the said favourable decision of the Hon'ble Tribunal and
merits of the case, the management of the Council has assessed the liability to be contingent in nature.
Our report is not qualified on this matter.
BASIS OF OPINION
9. In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid financial statements give the information required by the Act in the manner so required and
give a true and fair view in conformity with the accounting principles generally accepted in India of the
state of affairs of the Council as at March 31, 2015, and of its surplus for the year ended on that date.
REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS
10.As requirements by the Companies (Auditor’s Report) Order, 2015, issued by the Central Government of
India in terms of sub-section (11) of section 143 of the Act (the “Order”), is not applicable to the Council,
no comment on report specified in paragraphs 3 and 4 of the Order has been made.
11.As required by Section 143(3) of the Act, we report that:
a. we have sought and obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of our audit;
b. in our opinion proper books of account as required by law have been kept by the Council so far as
it appears from our examination of those books;
c. the Balance Sheet, and the Statement of Income and Expenditure dealt with by this Report are in
agreement with the books of account;
d. In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended);
e. on the basis of written representations received from the Members of the Committee of Administration
as on March 31, 2015 and taken on record by the Committee of Administration, none of the Members
of the Committee of Administration is disqualified as on March 31, 2015, from being appointed as a
Members of the Committee of Administration in terms of Section 164(2) of the Act.
48
f. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11
of the Companies (Audit and Auditors) Rules, 2014 (as amended), in our opinion and to the best of
our information and according to the explanations given to us:
(i) The Council has disclosed the impact of pending litigations on its financial position in its financial
statements – Refer Note 25 and 29 to the financial statements;
(ii) The Council did not have any long-term contracts including derivate contracts for which there were
any material foreseeable losses;
(iii) There were no amounts which required to be transferred to the Investor Education and Protection
Fund by the Council during the year ended March 31, 2015.
For B. K. Khare & Co.
Firm Registration Number 105102W
Naresh Kumar Kataria
Partner
Membership Number: 037825
Date: July 14, 2015
Place: Mumbai
49
Balance Sheet as at 31st March, 2015
Note
No.
As at
As at
31st March 2015 31st March 2014
In Rs.
In Rs.
I.
1
CORPUS AND LIABILITIES
Corpus Funds
(a) Corpus
(b) Reserves and Surplus
2
3
498,47,885
3871,54,569
4370,02,454
482,46,385
3756,23,432
4238,69,817
2
Non Current Liabilities
(a) Other non current liabilities
(b) Long Term provisions
4
5
61,28,760
67,72,377
129,01,137
68,95,060
58,33,198
127,28,258
Current Liabilities
(a) Other Current Liabilities
(b) Short-Term Provisions
4
5
TOTAL
ASSETS
Non- Current Assets
(a)
Fixed assets
(i) Tangible assets
(ii) Intangible assets
(b) Non-Current Investments
(c) Long- Term Loans and Advances
(d) Other Non-Current Assets
461,23,510
12,97,528
474,21,038
4973,24,629
548,80,793
27,72,378
576,53,171
4942,51,246
6
6
7
8
9
79,61,511
1,99,543
1463,72,000
595,33,695
805,30,329
2945,97,078
87,60,845
5,62,092
2945,72,000
519,56,525
845,59,878
4404,11,340
Current assets
(a) Current Investments
(b) Trade receivables
(c) Cash and bank balances
(d) Short-term loans and advances
(e) Other current assets
7
10
11
8
9
1732,00,000
8,72,199
175,72,815
23,22,404
87,60,132
2027,27,550
4973,24,629
8,96,892
422,01,545
32,16,320
75,25,149
538,39,906
4942,51,246
3
II.
1
2
TOTAL
Significant accounting policies
As per our report of even date attached
For B K Khare & CO.
Partner
Date: July 14, 2015
Place: Mumbai
1
For on behalf of Board of Directors of
Siddhartha Rajagopal
Executive Director
R K Dalmia
Chairman
N Ravindranathan
Joint Director
Ujwal Lahoti
Deputy Chairman
K V Srinivasan
Vice Chairman
Manoj Patodia
Preeti M. Sheth
Committee Members
Date: July 14, 2015
Place: Mumbai
50
Statement of Income and Expenditure for the year ended 31st March, 2015
Note
No.
For the Year ended
31st March 2015
For the Year ended
31st March 2014
In Rs.
In Rs.
Income
Revenue from operations
12
168,69,990
177,34,440
Government Grants
13
348,64,409
662,17,568
Other income
14
512,72,190
550,56,343
1030,06,589
1390,08,351
Total Revenue (i)
Expenditure
Exhibition Expenses & Buyer Seller Meet
15
376,31,995
727,95,578
Printing of Reports, Publicity, Gift Articles, Awards, etc.
16
37,89,578
20,52,649
Delegation Seminar and Market Survey Exp
17
94,69,751
170,26,057
Employee Benefit Expenses
18
197,24,393
182,28,533
Other Expenses (Administrative Expenses)
19
178,20,315
188,32,526
Depreciation and Amortisation
6
30,39,419
15,02,921
Total expenditure (ii)
914,75,451
1304,38,264
Surplus for the year before tax
115,31,138
85,70,087
-
-
Surplus After Tax
115,31,138
85,70,087
Surplus for the year
115,31,138
85,70,087
Provision for Tax ( Refer Note 28)
Significant accounting policies
1
For B K Khare & CO.
Partner
Date: July 14, 2015
Place: Mumbai
Executive Director
R K Dalmia
Chairman
N Ravindranathan
Joint Director
Ujwal Lahoti
Deputy Chairman
K V Srinivasan
Vice Chairman
Manoj Patodia
Preeti M. Sheth
Committee Members
Date: July 14, 2015
Place: Mumbai
51
NOTES FORMING PART OF FINANCIAL STATEMENTS
Note 1- SIGNIFICANT ACCOUNTING POLICIES:
Basis of preparation
These financial statements have been prepared in accordance with the generally accepted accounting principles in India
under the historical cost convention on accrual basis. These financial statements have been prepared to comply in all
material aspects with the accounting standards notified under section 133 of Companies Act, 2013.
Use of Estimates
The preparation of financial statements requires the management to make estimates and assumptions considered in
the reported amount of assets and liabilities (including contingent liabilities) as on the date of financial statements and
the reported income and expenses during the reporting period. Management believes that the estimates used in the
preparation of the financial statements are prudent and reasonable. Actual results could differ from these estimates. Any
revision to accounting estimates is recognized prospectively in current and future periods.
Tangible Assets
Tangible Assets are stated at cost of acquisition. They are stated at historical cost less accumulated depreciation.
Intangible Assets
Intangible assets are stated at cost of acquisition and amortised so as to reflect the pattern in which the asset’s economic
benefits are consumed.
Investments
Long term investments are stated at cost. Provision is made for any diminution other than temporary in the value of
investments.
Current investments are stated at cost or fair value, whichever is lower.
However, when there is a decline, other than temporary, the carrying amount is reduced to recognize the decline.
Depreciation
"Depreciation on tangible assets is provided on written down value method over the useful life of asset prescribed
in Part C of schedule II of the Companies Act, 2013.
Intangible assets relating to Computer Software are amortized over their respective individual estimated useful life
of five years commencing from the date the asset is available to the Council for its use and is amortised accordingly.
Employee Benefits
I. Defined Contribution Plan
Contribution towards provident fund is made to the regulatory authorities. Such benefits are classified as defined
contribution schemes as the Council does not carry any further obligations, apart from the contribution made on a
monthly basis.
II. Defined Benefit Plan
The Council provides for gratuity, a defined Benefit plans (the “Gratuity Plan”) covering eligible employees in accordance
with the payment of Gratuity Act, 1972. The Gratuity plan provides a lump sum payment to vested employees at
retirement, death, incapacitation or termination of employment, of an amount based on the respective employee’s
salary and the nature of employment. The Council's liability is actuarially determined (using the Projected Unit Credit
Method) at the end of each year. Actuarial losses / gains are recognized in the statement of Income and Expenditure
account in the year in which they arise. The Gratuity Fund is maintained with Trust.
III. Other Long term benefits:
The Council provides for the encashment/availment of leave with pay subject to certain rules. Theemployees are entitled
to accumulate leave subject to certain limits for future encashment/availment. The liability is provided based on the
number of days of unutilized leave at each balance sheet date on the basis of an independent actuarial valuation.
52
IV. Other Short Term Employee Benefits are charged to revenue in the year in which the related services are rendered.
Translation of Foreign Currency Transaction
Transactions in foreign currencies are recognised at the prevailing exchange rates between the reporting currency
and a foreign currency on the transaction dates.
Foreign currency monetary assets and liabilities at the year-end are translated at the year-end exchange rates and
the resultant exchange differences are recognised in the Statement of Income and Expenditure Account.
Revenue Recognition
Revenue (income) is recognised when no significant uncertainty as to determination or realization exists.
Entrance fees
Entrance fees received is credited to Corpus fund.
Government Grants
Government Grants related to revenue is recognized as and when there is a reasonable certainty of realization and
shown in the Income and Expenditure in accordance with Accounting Standard (AS) 12 ‘Accounting for Government
Grants’ as notified under Companies (Accounting Standard) Rules, 2006. Grants in the form of assistance from
Government are credited to income and expenditure statement on the basis of release orders issued by Ministry of
Commerce.Accordingly Grants related to revenue are accounted as a credit in income and expenditure statement
separately.
Leases
Lease arrangement where the risks and rewards incidental to the ownership of an asset substantially vest with
the lessor are recognised as operating leases. Lease rent under operating leases are recognised in the Statement
of Income and Expenditure as per terms of agreement.
Provisions and Contingent Liabilities
Provisions are recognised when there is a present obligation as a result of a past event, and it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and there is a reliable
estimate of the amount of the obligation.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of
which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the Council or a present obligation that arises from past events where it is either
not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the
amount cannot be made.
53
NOTES FORMING PART OF FINANCIAL STATEMENTS
Note : 2 Corpus
31st March 2015
31st March 2014
In Rs.
In Rs.
482,46,385
463,01,385
16,01,500
19,45,000
498,47,885
482,46,385
Entrance Fees
As per the last balance sheet
Addition during the year
Total
The Council is an association which has been formed as a Limited Company and has been formed for promoting
objects of the nature included in section 8 of the Companies Act, 2013 and intends to apply its profit and other
income in promoting its objects and to prohibit the payment of any dividend to its members. On winding up
of or dissolution of the Council there remains after the satisfaction of all its debts and liabilities, any assets,
whatsoever, the same shall not be paid to or distributed among the members of the Council but shall be
disposed of in the following manner, viz (i) At the discretion of the Government, if the assets in question have
been acquired wholly or substantially out of Government grants or (ii) If they have not been so acquired, they
shall be given or transferred to some other institution having objects of the Company as may be determined by
the High Court of Judicature having jurisdiction in the matter. In the event of winding up, the liability of the
members is limited to maximum of Rs.500/-.
Note : 3 Reserves and Surplus
31st March 2015
31st March 2014
In Rs.
In Rs.
3756,23,432
3670,53,344
115,31,138
85,70,087
3871,54,569
3756,23,432
Surplus in Statement of Income and Expenditure
Opening balance
Add: Surplus for the year as per Statement of Income and Expenditure
Closing Balance
54
Note 4 - Other Liabilities
Non Current Portion
31st March 2015
Current Portion
31st March 2014 31st March 2015 31st March 2014
In Rs.
In Rs.
In Rs.
In Rs.
Earnest Money Deposit/Forfeiture Amount
-
-
271,92,385
353,57,147
Statutory Dues
-
-
18,401
36,064
Income received in advance
-
48,050
51,08,654
30,37,372
CTI Deposit
-
-
2,25,157
2,25,157
61,28,760
68,47,010
3,95,440
-
-
-
30,04,581
34,45,182
MDA Grant to be disbursed to Exporters
(Refer Note no.21)
-
-
34,87,293
21,91,159
Government Grant Refundable
-
-
34,22,580
64,17,576
Advance Market Access Initiative
(MAI) grant
-
-
-
24,80,000
Other Liabilities
-
-
32,69,018
16,91,136
61,28,760
68,95,060
461,23,510
548,80,793
Deposit for premises given on rent
Liability for Expenses
(Refer Note no. 24)
Total
Note 5 - Provisions
Non Current Portion
Current Portion
31st March 2015
31st March 2014
31st March 2015
31st March 2014
In Rs.
In Rs.
In Rs.
In Rs.
67,72,377
58,33,198
6,93,523
20,38,492
-
-
6,04,005
7,33,886
67,72,377
58,33,198
12,97,528
27,72,378
Provision for Compensated Absence
Provision for Gratuity Fund
Total
55
THE COTTON TEXTILES
NOTES FORMING
Note 6 - Fixed Assets
Particulars
Gross Block
Balance as at
1st April 2014
A
Tangible assets
1
Building (Ownership Premises)
2
3
4
5
B
Furniture & Fixtures
Office Equipments
Motor Cars
Computers
Additions
Balance as at
31st March 2015
On Disposals
86,38,058
-
-
86,38,058
(86,38,058)
-
-
(86,38,058)
70,81,480
-
16,700
70,64,780
(69,09,630)
(1,71,850)
-
(70,81,480)
24,44,741
19,819
-
24,64,560
(21,57,127)
(3,53,414)
(65,800)
(24,44,741)
10,09,485
20,39,585
10,09,483
20,39,587
(10,09,485)
-
-
(10,09,485)
20,25,961
57,450
-
20,83,411
(19,85,861)
(40,100)
-
(20,25,961)
Total (A)
211,99,725
21,16,854
10,26,183
222,90,396
Previous year
207,00,161
5,65,364
65,800
211,99,725
Intangible assets
Computer Software
Total (B)
6,42,140
-
-
6,42,140
-
(6,42,140)
-
(6,42,140)
6,42,140
-
-
6,42,140
Previous year
-
6,42,140
-
6,42,140
Total (A + B)
218,41,865
21,16,854
10,26,183
229,32,536
Previous year
207,00,161
12,07,504
65,800
218,41,865
Note - 1: Building includes Rs.750/- (Previous Year Rs.750/-) being cost of shares received from Co-Operative societies.
Note - 2: Pursuant to the Companies Act, 2013 (the "Act") becoming effective from 1st April, 2014, the Company has
recomputed the depreciation based on the useful life of the assets as prescribed in Schedule II of the Act. This
has resulted in additional charge of depreciation of Rs.14,81,638 (Previous Year: Nil) for the year ended 31st
March 2015. Further, as per the transitional provision, the Company has charged Rs. 5,16,434 in the Statement
of Income & Expenditure Account on account of assets of which useful life as per the Schedule II of the Act
is Nil, which is included in the Depreciation Charge for the year.
56
EXPORT PROMOTION COUNCIL
PART OF FINANCIAL STATEMENTS
Accumulated Depreciation/Amortisation
Balance upto 31st
March 2014
Depreciation for
the year (Refer
Note no. 2 below)
Net Block
Balance upto
31st March 2015
On Disposals
Balance as at
31st March 2015
Balance as at
31st March 2014
45,68,198
1,95,294
-
47,63,492
38,74,566
40,69,860
(43,53,995)
(2,14,203)
-
(45,68,198)
(40,69,860)
(42,84,063)
43,82,816
8,58,118
10,884
52,30,050
18,34,730
26,98,664
(36,51,720)
(7,31,096)
-
(43,82,816)
(26,98,664)
(32,57,910)
9,76,833
11,02,549
-
20,79,382
3,85,178
14,67,908
(8,04,812)
(2,24,157)
(52,136)
(9,76,833)
(14,67,908)
(13,52,315)
7,68,676
3,25,480
7,75,981
3,18,175
17,21,412
2,40,809
(6,84,550)
(84,126)
-
(7,68,676)
(2,40,809)
(3,24,935)
17,42,357
1,95,429
-
19,37,786
1,45,625
2,83,604
(15,73,066)
(1,69,291)
-
(17,42,357)
(2,83,604)
(4,12,795)
124,38,880
26,76,870
7,86,865
143,28,885
79,61,511
87,60,845
110,68,143
14,22,873
52,136
124,38,880
87,60,845
80,048
3,62,549
-
4,42,597
1,99,543
5,62,092
-
(80,048)
-
(80,048)
(5,62,092)
-
80,048
3,62,549
-
4,42,597
1,99,543
5,62,092
-
80,048
-
80,048
5,62,092
-
125,18,928
30,39,419
7,86,865
147,71,482
81,61,054
93,22,937
110,68,143
15,02,921
52,136
125,18,928
93,22,937
57
Note 7 -Investments
Non Current Portion
Current Portion
31st March
2015
31st March
2014
31st March
2015
31st March
2014
In Rs.
In Rs.
In Rs.
In Rs.
400,00,000
400,00,000
-
-
100,00,000
100,00,000
-
-
100,00,000
100,00,000
-
-
-
400,00,000
400,00,000
-
HDFC Ltd.
309,00,000
746,00,000
537,00,000
-
PNB Housing Finance Ltd.
348,00,000
198,00,000
-
-
LIC Housing Finance Ltd.
206,72,000
1001,72,000
795,00,000
-
1463,72,000
2945,72,000
1732,00,000
-
Non Trade and Unquoted
8% Government of India Taxable Bonds
(Maturity Date-19-July-2016)
8.14% Housing& Urban Development Corp.Ltd.
Tax Free Bonds
(Maturity Date-25-October-2023)
8.23% Indian Railway Finance Corp. Ltd Tax Free
Bonds
(Maturity Date-18-February-2024)
Fixed Deposits
Tamil Nadu Power Finance& Infrastructure
development Corporation Ltd.
Total
58
Note 8 - Loans and Advances
Non Current Portion
Current Portion
31st March
2015
31st March
2014
31st March
2015
31st March
2014
In Rs.
In Rs.
In Rs.
In Rs.
-
-
-
Security Deposits
Secured, considered good
Unsecured, considered good
9,43,902
3,72,212
-
-
Unsecured, considered doubtful
2,98,115
2,98,115
-
-
12,42,017
6,70,327
-
-
Less: Provision for doubtful deposits
2,98,115
2,98,115
-
-
Sub-total
9,43,902
3,72,212
-
-
-
-
-
-
-
-
40,401
2,65,582
Advances recoverable in cash or kind
Unsecured, considered doubtful
Less: Provision for doubtful advances
Sub-total
2,65,500
2,65,500
-
-
2,65,500
2,65,500
40,401
2,65,582
2,65,500
2,65,500
-
-
-
-
40,401
2,65,582
585,64,711
515,58,206
-
-
-
-
4,64,860
10,69,461
Other loans and advances
(Unsecured, Considered Good)
Advance Income Tax
Service Tax Receivable
Balance with Post & Telegraph Office
-
-
29,090
17,573
25,081
26,106
16,56,282
16,69,348
-
-
1,31,771
1,94,356
Sub-total
585,89,792
515,84,312
22,82,003
29,50,738
Total
595,33,695
519,56,525
23,22,404
32,16,320
Prepaid Expenses
Loan and advances to employees
59
Note 9 - Other Assets
Non Current Portion
Current Portion
31st March
2015
31st March
2014
31st March
2015
31st March
2014
In Rs.
In Rs.
In Rs.
In Rs.
Deposits with maturity for more than twelve
months with the bank
805,30,329
845,59,878
-
-
Interest Accrued on Fixed Deposits with Banks
-
-
13,73,227
56,844
Interest Accrued on Fixed Deposits with Financial
Institutions
-
-
12,72,234
2,62,500
Interest Accrued on Government of India Taxable
Bonds
-
-
5,33,333
5,33,333
Interest Accrued on Tax Free Bonds
-
-
11,43,795
4,47,063
-
-
44,20,384
62,23,703
-
-
-
-
-
-
17,160
1,707
-
-
17,160
1,707
805,30,329
845,59,878
87,60,132
75,25,149
31st March
2015
31st March
2014
In Rs.
In Rs.
-
-
7,96,309
7,96,309
Sub-Total
7,96,309
7,96,309
-
-
75,890
1,00,583
Sub-Total
75,890
1,00,583
8,72,199
8,96,892
Government Grant Receivable towards
Market Access Initiative (MAI) grant for events
abroad
Other Assets
Total
Note 10 - Trade Receivables
Outstanding for a period exceeding six months from
the date they are due for payment
Outstanding for a period less than six months
from the date they are due for payment
Total
60
Note 11 - Cash and bank balances
Non Current Portion
Current Portion
31st March
2015
31st March
2014
31st March
2015
31st March
2014
In Rs.
In Rs.
In Rs.
In Rs.
On current accounts
-
-
174,93,272
412,99,168
Deposits with original maturity of less than 3
months
-
-
-
-
Cheques / Drafts on hand
-
-
-
8,28,630
Cash on hand
-
-
19,543
23,747
Sub -Total
-
-
175,12,815
421,51,545
805,30,329
845,59,878
-
-
60,000
50,000
Sub -Total
805,30,329
845,59,878
60,000
50,000
Amount disclosed under non-current assets
(Note - 9)
805,30,329
845,59,878
-
-
175,72,815
422,01,545
2014-15
2013-14
In Rs.
In Rs.
16,40,000
14,10,000
Membership- Registered Textile Exporter (RTE)
145,80,000
156,55,000
Sub -Total
162,20,000
170,65,000
Certificate of origin charges
3,41,090
3,91,940
Export Performance Charges
3,08,900
2,77,500
Sub -Total
6,49,990
6,69,440
168,69,990
177,34,440
Cash and cash equivalents
Balances with banks:
Other bank balances
Deposits with original maturity of more than 12
months
Deposits with original maturity of more than 3
months but less than 12 months
Total
Note: 12 - Revenue from Operations
Operating Income
Membership- Council Member
Other Operating Income
Total
61
Note: 13 - Government Grants
2014-15
2013-14
In Rs.
In Rs.
53,20,000
80,00,000
256,20,384
550,63,311
79,78,655
28,57,280
5,03,388
26,00,000
14,39,772
-
Sub -Total
394,22,427
699,60,363
Refund of Market Development Assistance (MDA) grant under code activitiesof
Current year
(18,60,177)
(35,57,632)
(77,841)
(1,85,163)
Refund made to Exporters towards MAI grant of earlier years
(26,20,000)
-
Sub -Total
(45,58,018)
(37,42,795)
Total
348,64,409
662,17,568
2014-15
2013-14
In Rs.
In Rs.
84,08,953
82,03,850
8% Government of India Taxable Bonds
32,00,000
32,00,000
Tax Free Bonds
- Market Development Assistance (MDA) grant under code activities for Participation
in Fairs / Exhibitions, Buyer Seller Meet (BSM), Publicity etc.
- Market Access Initiative (MAI) grant from Government of India for Participation in
Fairs / Exhibitions and Market Studies etc.
- Market Access Initiative (MAI) grant from Government of India for Participation in
Fairs / Exhibitions and Market Studies etc. of earlier years
- other Market Access Initiative (MAI) grants from Government of India
- towards Legal and Quota Administration Expenditure
- towards Legal and Quota Administration Expenditure of earlier years
Refund of Market Development Assistance (MDA) grant under code activities of
earlier year
Note : 14 - Other Income
Interest income on
Fixed Deposits with Banks
Interest Income on Non Current Investments
16,37,000
4,47,063
Interest on Application Money for Tax Free Bond
-
1,43,443
Fixed Deposits with Financial Institutions (Current
& Non Current)
229,99,461
226,38,238
1,50,000
3,98,232
139,81,320
139,09,495
5,89,751
3,80,776
22,112
55,18,582
-
91,695
2,83,594
1,24,970
512,72,190
550,56,343
Incentive on Investment
Rent Income
Advertisement Income
Foreign Exchange Fluctuation (net)
Excess Provision Written back
Other Income
Total
62
Note 15 - Exhibition Expenses & Buyer Seller Meet
2014-15
2013-14
In Rs.
In Rs.
Exhibition Expenses & Buyer Seller Meet
1324,11,403
1451,65,575
Less: Contribution from Exporters
(947,79,408)
(723,69,997)
376,31,995
727,95,578
2014-15
2013-14
In Rs.
In Rs.
74,39,558
58,52,649
(36,49,980)
(38,00,000)
37,89,578
20,52,649
2014-15
2013-14
In Rs.
In Rs.
115,56,751
172,34,007
(20,87,000)
(2,07,950)
94,69,751
170,26,057
2014-15
2013-14
In Rs.
In Rs.
Total
Note 16 - Printing of Reports, Publicity, Gift Articles, Awards etc.
Printing of Reports, Publicity, Gift Articles,
Awards etc.
Less: Advertisement / Sponsorship recovery from
exporters against Award Function
Total
Note 17 - Delegation, Seminar, Market Survey Expenses and Export Promotion
Delegation, Seminar and Market Survey Exp
Less: Contribution from exporters
Total
Note 18 - Employee Benefit Expenses
Salaries & allowances
127,39,557
115,54,593
Payment to contractual employees
38,50,289
33,96,586
Leave Encashment Benefit
15,45,391
15,61,067
8,84,864
8,86,241
Contribution to group gratuity scheme
6,04,005
7,33,886
Staff welfare expenses
1,00,287
96,160
197,24,393
182,28,533
Contribution to provident fund
Total
63
Note 19 - Other Expenses
Travelling Expenses
Advertisement Expenses
Rent
Rates & Taxes
2014-15
2013-14
In Rs.
In Rs.
42,73,923
41,47,038
6,23,281
-
47,59,202
39,00,000
6,04,144
4,49,851
Legal & Professional Charges
12,90,248
25,48,026
Electricity Expenses
12,22,642
11,18,415
Printing & Stationery
3,43,787
3,70,702
Commission/Brokerage
1,35,000
1,43,650
Auditor's Remuneration
2,30,850
2,30,248
Internal Audit Fees
Repairs & Maintenance
90,000
70,000
11,50,922
12,76,140
Telephone Expenses
4,07,310
4,27,815
Postage & Courier
2,88,201
3,21,453
Website Charges
4,54,901
2,36,751
Bad Debts / Sundry debit balances written off
Meeting Expenses
-
4,028
4,97,484
1,82,890
Entertainment Expenses
1,09,470
1,09,348
Motor Car Expenses
4,07,580
3,43,425
-
20,66,000
Donation
Loss on Sale of Fixed Assets (Net)
1,316
6,664
Interest - Others
4,764
15,835
9,25,291
8,64,248
178,20,315
188,32,526
2014-15
2013-14
In Rs.
In Rs.
2,00,000
2,00,000
5,850
5,248
Other Expenses
Total
Note: Auditor's Remuneration break-up:
As auditor:
Audit fee
In other capacity:
Reimbursement of expenses
Other services
Certification
-
25,000
25,000
-
2,30,850
2,30,248
Note 20. Disclosure in accordance with Revised AS - 15 on "Employee Benefits"
(A) Defined contribution plans
Particulars
Contribution to Provident Fund
31st March 2015 31st March 2014
8,84,864
8,86,241
64
(B) Defined benefit plans - Gratuity
The following disclosure is as per valuation report as at the Balance Sheet date, carried by an independent actuary:
Rupees
31st March
2015
31st March
2014
Discount rate
8.05%
9.15%
Expected return on plan assets
8.00%
8.00%
Salary escalation
7.00%
7.00%
83,33,755
71,76,720
1,55,490
1,53,205
Particulars
Actuarial assumptions
Change in defined benefit obligations (DBO) during the year
Present value of DBO at beginning of the year
Current service cost
Interest cost
Benefits paid
Actuarial losses/(gains)
Present value of DBO at the end of the year
7,00,272
3,66,283
(15,29,200)
-
4,61,524
6,37,547
81,21,841
83,33,755
75,99,869
61,47,845
5,61,109
2,75,644
-
-
7,33,886
10,28,875
Change in fair value of plan assets during the year
Fair value of Plan assets at beginning of the year
Contribution
Interest cost
Benefits paid
Actuarial losses/(gains)
(15,29,200)
-
1,52,172
1,47,505
75,17,836
75,99,869
Present value of defined benefit obligations at the end of the year
81,21,841
83,33,755
Fair value of Plan Assets at the end of the year
75,17,836
75,99,869
Funded status [Surplus / (Deficit)]
(6,04,005)
(7,33,886)
-
-
(6,04,005)
(7,33,886)
1,55,490
1,53,205
Fair value of plan assets at the end of the year
Reconciliation of present value of the obligation and the fair value of plan assets
Unrecognised past service costs
Net asset / (liability) recognised in the Balance Sheet
Expenses recognised in the Statement of Income and Expenditure
Interest cost
7,00,272
3,66,283
(5,61,109)
(2,75,644)
Net acturial Loss recognized in the Statement of Income and Expenditure
3,09,352
4,90,042
Total expenses recognised in Statement of Income and Expenditure
6,04,005
7,33,886
The contributions expected to be paid to the plan during the annual period
7,00,000
5,00,000
65
Gratuity
2014-2015
2013-2014
2012-2013
2011-2012
2010-2011
Present value of DBO
81,21,841
83,33,755
71,76,720
55,94,673
47,84,576
Fair value of plan assets
75,17,836
75,99,869
61,47,845
52,23,578
26,04,450
Funded status [Surplus / (Deficit)]
(6,04,005)
(7,33,886)
(10,28,875)
(3,71,095)
(21,80,126)
Experience gain/(loss) adjustments on
plan liabilities
1,12,649
10,28,261
8,35,862
3,58,323
3,43,008
Experience gain/(loss) adjustments on
plan assets
1,52,172
1,47,505
1,54,405
21,40,978
(4,905)
(C) Defined Benefit Plans - Leave Entitlement (unfunded)
The following disclosure is as per valuation report as at the Balance Sheet date, carried by an independent actuary:
Rupees
Particulars
2014-2015
2013-2014
Discount rate
8.05%
8.50%
0.00%
0.00%
Salary escalation
7.00%
5.00%
Present value of DBO at beginning of the year
78,71,690
67,26,245
Present value of DBO at the end of the year
74,65,900
78,71,690
Actuarial assumptions
Change in defined benefit obligations (DBO) during the year
Note 21 - MDA GRANTS FOR DISBURSEMENT TO EXPORTERS
Particulars
31st March 2015
In Rs.
31st March 2014
In Rs.
In Rs.
As per last Balance Sheet
21,91,159
14,80,000
Add : Receipts during the year
57,85,000
55,00,000
Less : Disbursed during the year
(29,26,463)
(19,28,897)
Less : Refunded / refundable / adjusted during the
year
(15,62,403)
(28,59,944)
MDA Grant to be disbursed to Exporters
34,87,293
In Rs.
21,91,159
66
Note 22 - Related Party Disclosure
In compliance with Accounting Standard 18 - “Related Party Disclosures” and relevant provisions of Companies
act 2013, the required disclosures are given in the table below:
Names of the related party and relationship:
Related Party
Nature of relationship
Siddhartha Rajagopal - Executive Director
Key Management Personnel
Details of transactions with related parties are as follows:
Name of the related party
Nature of transaction
31st March 2015
31st March 2014
In Rs.
In Rs.
45,63,983
40,35,412
Contribution to Provident
Fund
3,41,643
3,10,245
Perquisite in Cash or in kind
8,68,772
2,17,980
57,74,398
45,63,637
Siddhartha Rajagopal - Executive Director Salary and Allowances
Total
Note: The remuneration to the key managerial personnel does not include the provisions made for Gratuity and
Compensated Absence, as they are determined on an actuarial basis for the Council as a whole.
Note 23 The Council is classified as a ‘Small and Medium-Sized Council’ (SMC) as defined in Clause 2 (f) of
the Companies (Accounting Standards) Rules, 2006 and accordingly the Council has complied with the
Accounting Standards as applicable to SMC.
Note 24 There are no Micro, Small & Medium Enterprises, to whom the Council owes dues on account of principal
amount together with interest as at the Balance sheet date. This has been determined to the extent
such parties have been identified on the basis of information available with the Council.
Note 25 Contingent Liabilities and commitments (to the extent not provided for)
Contingent liability not provided for in respect of disputed income tax matters amounting to
Rs. 57,567,724/-, (Previous year Rs.57,567,724/-) which includes Rs. 35,313,456/- (Previous Year
Rs. 35,313,456/-) referred in note 29 below.
Claims against the Council not acknowledged as debt amounting to Rs. 3,225,941/- (Previous Year
Rs. 3,107,132/-).
67
Note 26 Some of the balances of Trade Receivables, Liability for expenses, 'Earnest Money Deposit Received',
Loans & Advances and Deposits are subject to confirmation from the respective parties and consequential
reconciliation / adjustment arising there from, if any. The management, however, does not expect any
material variation.
Note 27 Expenditure in foreign currency (on payment basis) during the financial year on account of Legal &
Professional Charges, Delegation, Statistical data charges, Market Study, Exhibition & Advertisement
Expenses etc. net of refunds is Rs. 13,14,88,779/- (Previous Year Rs. 13,11,05,713/-).
Note 28 Entertainment and conveyance upto the limits allowed to the employees are supported by self-certificates.
Note 29 The Income Tax Department had denied the benefit under section 11 to the Council for Assessment Year
2009-10. However, during the year the Hon’ble Tribunal while reversing the order of the Commissioner
of Income Tax for the aforesaid year had held that provisions of section 11 are applicable to the Council.
Similarly, the tax department’s action of withdrawal of the council’s registration under section 12AA
w.e.f. Assessment Year 2009-10 had also been set aside by the Hon’ble Tribunal. However the Income
Tax department has filed petition in the Mumbai High Court against the said tribunal order after the
end of the financial year. The Income Tax Department had also denied the benefit of section11 to the
Council for the assessment years 2010-11 and 2011-12. The Council has already filed an appeal against
the said order with Commissioner of Income Tax (Appeals). In the opinion of the management of the
Council the activities of the Council are in the nature of charitable purpose in accordance with section
2(15) and accordingly the provisions of section 11 would apply to the Council. In view of the above,
no provision for taxation has been made by the Council for the financial year 2014-15 or for earlier
years.
The management of the council, having regard to favourable decision of the Hon'ble Tribunal, merits of
the case is hopeful of favourable outcome of the matter and has assessed the liability to be contigent
in nature.
Note 30 In the year 2010, the Co-Operative Society in which the Council has a residential property as a member
entered in to a Re-development agreement with a builder. As per the agreement the Council has
received Rs. 32,16,136/- (Previous Year Rs. 1,691,136/-) as and by the way of Corpus Fund. The said
amount is disclosed as a liability pending resolution of certain disputes of the Society with the builder,
and is not adjusted to the cost of the asset.
Note 31 The Council has entered into operating lease agreement as a lessee for premises. The lease rentals
recognized as an expense in the Statement of Income and Expenditure Statement during the year and
the future minimum lease payments under non-cancellable operating lease for period ranging from 11
months to 36 months are as follows:
Particulars
31st March 2015
31st March 2014
In Rs.
In Rs.
47,59,202
39,00,000
Not Later than One Year
14,64,000
41,07,000
Later than one year but not later than five years
10,35,000
9,24,000
Lease Rentals (Included in Other Expenses Note -19)
Obligation of Non - Cancellable Lease
68
Note 32
The Council has entered into operating lease agreements as a lessor for various premises. The lease
rentals recognized as income in the Statement of Income and Expenditure Statement during the year
and the future minimum lease payments under non-cancellable operating lease for period ranging
from 11 months to 60 months are as follows.
Particulars
31st March 2015
31st March 2014
In Rs.
In Rs.
139,81,320
139,09,495
Not Later than One Year
124,01,170
139,81,320
Later than one year but not later than five years
232,38,215
356,39,385
Lease Income (Included in Other Income Note - 14)
Receivable on Non - Cancellable Lease
Note 33
Previous year’s figures have been re-arranged, reclassified and regrouped wherever considered necessary.
For B K Khare & CO.
Partner
Date: July 14, 2015
Place: Mumbai
Executive Director
R K Dalmia
Chairman
N Ravindranathan
Joint Director
Ujwal Lahoti
Deputy Chairman
K V Srinivasan
Vice Chairman
Manoj Patodia
Preeti M. Sheth
Committee Members
Date: July 14, 2015
Place: Mumbai
69
Celebrating 60 years
of Excellence in Exports
Hon’ble Minister of State for Textiles (I/C) Shri Santosh Kumar Gangwar (Centre) releasing a special
publication commemorating 60 years of inception of TEXPROCIL & presenting the first copy to the
Council’s founder Member Shri M N Savani (extreme right).
70
Chairman, TEXPROCIL Shri Manikam Ramaswami receiving ISO 9001:2008 certification for TEXPROCIL at
the hands of Shri Pradipto Roy, Vice President - Systems India & SAARC Countries of TUV Rheinland
(India) Pvt. Ltd., in the presence of Hon’ble Minister of State for Textiles (I/C) Shri Santosh Kumar
Gangwar and Shri Sanjay Kumar Panda, Secretary, Ministry of Textiles.
(Registered Office: Engineering Centre, 5th Floor, 9, Mathew Road, Mumbai - 400 004)
Membership No. _________________________________ Computer Code No. _______________________________
I / We _____________________________________________ of ___________________________________________
being a Member of
Members
The
Cotton
Textiles
Export
Promotion
Council
hereby
appoint
________________________________________ of _________________________________________ or failing him
________________________________________ of _________________________________________ as my proxy to
our
vote for me/us and on my/our behalf, at the Sixtieth Annual General Meeting of the Council to be held on Saturday,
the 1st September, 2015 at 12.00 Noon at “Lotus Room”, Hotel Trident, Nariman Point, Mumbai – 400 021 and
at any adjournments thereof.
As witness my / our hand (s) this ___________________________ day of ______________________________ 2015.
Signed by the said _________________________________________________________________________________
Affix
Stamp
Note:1.
The Proxy must be lodged so as to reach the Registered office of the Council not later than
forty-eight hours before the meeting.
2. The proxy need not be a member of the Council.
71
THE COTTON TEXTILE PROMOTION COUNCIL
PAST CHAIRMEN
PERIOD
NAME OF PAST CHAIRMAN
1954 – 1966……………........................................... .(Late) Shri Neville N. Wadia
1966 – 1974.......................................................... (Late) Shri K. M. D. Thackersey.
1974 – 1977.......................................................... Shri Nusli N. Wadia
1977 – 1979.......................................................... (Late) Shri Babubhai C. Shroff
1979 – 1981.......................................................... Shri Sudhir K. Thackersey
1981 – 1983.......................................................... (Late) Shri R. S. Mehra
1983 – 1984.......................................................... (Late) Shri Ajay Chimanbhai
1984 – 1986.......................................................... Shri M. M. Sheth
1986 – 1988.......................................................... Shri J. P. Goenka
1988 – 1990.......................................................... Shri P. D. Patodia
1990 – 1992.......................................................... (Late) Dr. Mohanlal Piramal
1992 – 1994.......................................................... (Late) Shri R. S. Mehra
1994 – 1996.......................................................... Shri Sudhir K. Thackersey
1996 – 1998.......................................................... (Late) Shri G. Devarajan
1998 – 2000.......................................................... (Late) Shri D. S. Alva
2000 – 2002.......................................................... Shri T. Kannan
2002 – 2004.......................................................... Shri Lalit P. Desai
2004 – 2006.......................................................... Shri B. K. Patodia
2006 – 2008.......................................................... Shri Prem Malik
2008 – 2010.......................................................... Shri V. S. Velayutham
2010 – 2012.......................................................... Shri Amit Ruparelia
2012 – 2014.......................................................... Shri Manikam Ramaswami
72
HEAD OFFICE
Engineering Centre, 5th Floor, 9, Mathew Road, Mumbai-400 004
Shri Siddhartha Rajagopal
:
Executive Director
Shri N. Ravindranathan
:
Joint Director
Shri Rajesh S. Satam
:
Deputy Director
Shri Shailesh Martis
:
Deputy Director
Shri A Ravindra Kumar
:
Deputy Director
Shri Sanjay Rane
:
Deputy Director
REGIONAL OFFICE
New Delhi
Shri K. Raju
:
Regional Officer
OTHER STAFF : 15

61st ANNUAL REPORT - 2014-15

Transcription

Similar documents

Spidi Ergo 365 Expedition Rukka Arma

FORM OF THE COMMERCIAL OFFER

PDF

National Conference on Concurrent Engineering

Jane Spielberger

CIVIL SERVICES OFFICERS` INSTITUTE

objectives context

Terrot offers a range of circular knitting machines

Horrockses