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The general observation is that the overall trend in exports is not looking good because of a possible shrinkage in global demand. We may face further decline in exports primarily due to the recessionary trend in advanced economies. But, there is hope of increase in exports on further stimulus in the developed world. </p> <p>The industry currently contributes about 14 per cent to industrial production, 4 per cent to GDP, and 17 per cent to the country s export earnings, according to the Annual Report 2010-11 of the Ministry of Textiles. The industry accounts for nearly 12 per cent share of the country's total exports basket. It provides direct employment to more than 35 million people. </p> <p> The textiles industry has attracted FDI worth US$ 956.97 million between April 2000 and March 2011, according to data released by the Department of Industrial Policy and Promotion (DIPP) </p> <p>India's T&C industry has great potential, and is one of the mainstays of the country s economy. The industry has enormous opportunities for domestic as well as international investors given its consistent growth performance, abundant cheap skilled manpower and growing domestic demand. With the abolition of quotas, India has surged ahead of other countries and positioned itself as a value-added manufacturer with a varied material base, an educated and English-speaking class of executives with high product development and design orientation.</p> <p>On the global front, India is set to become an even bigger participant, both as a consumer and as a producer. The country offers an attractive combination of a large domestic market, and a base for low cost production. The industry has gained a strong position in cotton based products, especially in the readymade garments and home furnishings segment, which are expected to be the key drivers of growth for the industry. </p> <p>Besides this, the T&C industry is contributing towards promoting inclusive growth. It has been contributing to broad based socio-economic development by providing employment opportunities at local level.</p> <p>The government envisions building state-of-the-art production capacities and achieving a preeminent global standing in the textile sector by 2020, which includes manufacture and export of all types of textiles. </p> <p>In this context of the global economic scenario there is an urgent need to explore new markets while maintaining an increasing Indian share in the core market through product innovation and diversification. It is also required to consolidate the woollen textile industry s position in the world market by innovations through design and product development, marketing, branding and distribution, movement in value chain and products/market diversification, etc.</p> <p>We need to acquire global strength by entering into new markets through wider reach rather than mainly depending upon American and European countries.</p> <p> We have submitted suggestions to the Ministry for reviving export growth:</p> <ul> <li>At the meeting with the Drawback Committee we have pleaded the DEPB Scheme should be continued till the GST is introduced. And, in case the DEPB Scheme withdrawn from 30th September, 2011, comparative duty drawback rates may be provided for all the items of our industry.</li> <li>Special benefits may be introduced for export of branded products to encourage exporters towards brand building, which is a costly affair.</li> <li>Export may be exempted from service taxes at all levels to make it competitive.</li> <li>Infrastructure requirements in view of target of doubling exportsx by 2014 and huge wastage caused by poor logistics infrastructure. </li> <li>Rupee appreciation and the measures needed to counter it.</li> </ul> <p><b>Measures taken by the Council:</b></p> <p>Wool Industry Export Promotion Council (WOOLTEXPRO) organized Indian Textile Mega Show in South Korea and Japan during November, 2010 in collaboration with Australian Wool Innovation.</p> <p>Thereafter Indian Textile Mega Shows were organized in Latin American Countries during December, 2010. </p> <p>The shows had good participants and had plenty of visitors from various sectors of the industry and consumers. It is eagerly awaited that Indian Textile Mega Shows are held as quickly as possible as lot of interest were shown in the Indian products.</p> <p>Ambassador of Chile had close interaction with the participants of WOOLTEXPRO and hoped that such events will be organized in larger scale for fullest utilization of export potentialities in these countries.</p> <p>Participants and visitors expressed that Indian textile products have proven excellent in quality and events were considered remarkable as the very first step of business meeting. Companies in these countries considered Indian textile companies as potential lucrative business partners. Companies in these countries expect organization of such events in immediate future to bring in actual demanding products such as yarn and fabrics. </p> <p>Some of the Indian companies have booked orders for their products and are very much eager to participate in the events that may be organized by Wool Industry Export Promotion Council in future.</p> <p>Wool Industry Export Promotion Council (WOOLTEXPRO) participated in Tex-Trends India, 2011 with the financial assistance from the Central Wool Development Board and have taken 450 sq.mtrs. area where major member-mills - Raymond, OCM, Digjam & Reid & Taylor participated in the fair. In addition, we had participants from Kashmir and Kullu. WOOLTEXPRO had a theme pavilion of 63 sq.mtrs. where our theme presentation was  Warmth of Nature and the 2nd catch line was  Wool go Natural . WOOLTEXPRO had depicted the evolution of wool fibre from primitive stage to modern functional fibre of everyday use. The presentation theme focused on Nomadic, Ethnic, Flash, Travel depicting the usage of wool fibre in every walk of life and also the forecast entrants for year 2011 were displayed. It is a matter of grate happiness that one of our member-exporters  Grover International won the best display award in the best display category. The Hon ble Minister of State for Textiles presided the function for awarding the participants.</p> <p>The then Hon ble Minister of Textiles, Thiru Dayanidhi Maran and Hon ble Minister of State for Textiles, Mrs.Panabaaka Lakshmi and other high officials visited our stand and were very happy with the theme of WOOLTEXPRO.</p> <p>Wool Industry Export Promotion Council (WOOLTEXPRO) had organized B2B Exhibition in Milano, Italy during June, 2011. This event was inaugurated by a Senior Designer and Director (Wool), Ministry of Textiles, Government of Indi. </p> <p>Wool Industry Export Promotion Council (WOOLTEXPRO) had chosen to organize the B2B exhibition in Milano so that there could be one to one interaction with Indian manufacturers and buyers/wholesalers/designers of woollen products in Italy. This platform provided direct supply base to Italian importers of Indian woollen textile products. There is tremendous scope for enhancing this business as Milano being the hub of global fashion and trends and also Italy is one of the thrust areas of India s exports.</p> <p>I would like to conclude on the note that we are committed in our endeavor to achieve unmatchable excellence. We will work together as a team to attain a position that will place us in the top league.</p> <p>On the behalf of WOOLTEXPRO I am grateful Mr. Anand Sharma, Hon ble Minister of Commerce & Industry and Textiles and Mr. Pranab Mukherjee, Hon ble Finance Minister for the guidance and policy inputs, which help for the prosperity of the industry. </p> <p>We are also grateful to Mrs. Panabaaka Lakshmi, Hon ble Minister of State for Textiles, Mrs. Rita Menon, Secretary (Textiles), Mr. V. Srinivas, Joint Secretary (Exports), Mr. A.B. Joshi, Textile Commissioner and other senior officers of the Ministry of Textiles and Commerce for sorting out various problems faced by the industry. </p> <p>I would like to extend my thanks to my colleagues Mr. S. Mohnot, Deputy Chairman and Mr. V.K. Bakshi, Vice Chairman and COA Members for their whole hearted support. </p> <p>I would like to extend special thanks to Mr. Mahesh N. Sanil and all Staff members of the Council for extending their support.</p> <p class="MsoNormal"> Thanks.<o:p></o:p></p> <st1:city w:st="on"> <st1:city w:st="on"> <st1:city w:st="on"> <p> <!-- InstanceEndEditable --> </div> </td> </tr> </table> </td> </tr> <tr> <td height="29" align="left" valign="top" background="images/bottombg.gif"><table width="770" height="29" border="0" cellpadding="0" cellspacing="0" background="images/bottom01.gif" class="text"> <tr> <td align="center"><table width="718" border="0" class="nText2"> <tr> <th align="left" class="nText2" scope="col">© 2007 Wooltexpro/th> <th align="right" class="nText2" scope="col"> Developed by <a href="http://www.saintangelos.com"> St. Angelo's Knowledge Systems Pvt. Ltd.</a></th> </tr> </table></td> </tr> </table></td> </tr> </table> </body> <!-- InstanceEnd --></html>