February 20, 2021
Total exports of textiles and apparel are expected
We want to continue to serve the MSMEs on the whole and we’re focusing on
executing exports of multiple products in order to set an example for various
industries that will ease the businesses around the nation regarding the
possibility of their product to be globally tradable. On top of it, the SME
needs to be intelligently cost-effective, which requires on point awareness of
the prevailing prices to play at the best margins. However, the opportunities
are huge out there and in recent times, the ways to make global trade easy and
mitigate trade risks have increased as well. Further, the total value of Yarn,
Fabrics and Made-ups exports of the country stood at US$ 14.In the future,
India’s apparel exports are expected to increase considerably.
Platforms such as
Connect2India help SME with global visibility and our platform value also
increases the trust in the SMEs capabilities to deliver. It processes billions
of rows of data to come up with useful trade insights and intelligence for
specific products, even at the lowest 8 digit HS Code level.Organic apparels
have great potential as well and their exports have been slowly but steadily
increasing. We believe, the first movers today will be the big ones tomorrow. To
be really able to grow your business globally, there is a need for making your
product, your brand a global brand, which also means, ‘Branded-exports’. Thanks
to our advanced analytics-based integrated trade platform we continuously
monitor the global markets for opportunities for our customers and prospective
customers.06 per cent and we believe SMEs would contribute a large part of it.
Global trading is perceived to be complex by SMEs, discouraging a huge number of
businesses from going global.Talk to us about your initiatives in order to
increase textiles and apparels export from India?We are taking a holistic
approach. A company with none or bad digital footprint is less likely to be
considered as the potential supplier. Only 1% of the SMEs in India participate
in global trade. Overseas buyers in this sector are generally sceptical to work
with SMEs and first-time exporters, but with Connect2India as a conduit, they
are now happy to work with this segment.
Total exports of textiles and apparel
are expected to touch US$ 82 billion by 2021 with CAGR of 12.India is one of the
worlds largest producers of Jute, raw cotton, cotton yarn, silk, synthetic fibre
and cellulosic fibre etc.Our integrated trade platform helps an SME to enter the
market.How can the garment industry SMEs, take advantage of your platform?We are
an end-to-end platform for global trade; our solution can help garment industry
SMEs from getting ready for exports to finding target markets and trade
counterparts to actually arranging and executing an order and turning those into
repeat and recurring orders. With the increase in market awareness, this segment
is expected to pick up quickly and grow in a big way. In the current age, global
consumers have become nature and health conscious and looking to move away from
traditional, chemical products. We also highlight these SMEs on our platform,
thereby giving them direct global visibility. The SMEs in this segment are nylon stretch
already globally competitive, we just need to make them globally aware and
globally visible and partner with them for end-to-end export. In conversation
with Pawan Gupta, Founder, Connect2India, who are currently working to onboard
more textiles, apparel, garments and customised products exporters as they feel
that it’s a huge global opportunity. An SME could be part of an export
initiative in the non-branded, contract and branded exports. The Indian textile
and apparel products, including cotton, silk and denim are highly popular
worldwide, along with many other products. for the destination country. We are
continuously using our extensive networks to get in touch with SMEs in the said
sectors and talking to them about the massive opportunities that are available
in the markets for them.What are the sectors you’re currently focusing on?The
sector Connect2India truly focuses on as a mission is the entirety of the MSME
segment. Having a good global presence and global visibility is one of the key
pre-requisites of going global.A good percentage of our current clients are in
Agro and Textiles and Apparels sector.Non-branded exports are more like
commodity export where there is no differentiation of positioning. We know for a
fact, that the market for textiles and garments is going to grow in the future,
presenting a massive opportunity for Indian manufacturers and merchants. This
combined with demographics; highly skilled workforce in this sector and friendly
export policies, the potential to increase our export of this sector is immense.
It’s good for a quick start and probably a good short term solution but it’s not
sustainable and definitely not strategic.At the moment, we are focusing on Agro,
textile and apparels, handicrafts, FMCG, Chemical and Polymers and Metal and
Alloys etc.The first step is to bridge the knowledge and information gap and
make these SMEs globally aware. While the government has been working towards
enabling exports, there has to be a change in the mentality of the SMEs as
well.Indian organic products have always been a preference by the global markets
and there is definitely a huge market out there for organic apparels.What are
the opportunities in the textile and apparel sector for Indian SMEs to
export?India is one of the largest exporters of textile and apparel products in
the world, with USD 37. All of these are available on our platform.74 Billion
exports in the year 2017-18.33 billion during 2017-18.It is important for an SME
to choose the right market and invest its resources intelligently.How vital you
think is ‘Global Branding’ for SMEs in global business?I would say, extreme! As
I said earlier, if you don’t have an adequate online footprint, you won’t even
be considered by new buyers.After this, the SME needs to be export ready and be
equipped with proper guidance and tools to communicate and arrange orders
globally.. These companies are ensuring fair supply chain and we are trying to
promote the export of apparel companies directly buying raw materials from these
cooperatives. More importantly, non-branded exports are only a part of business
growth. In addition, with our advanced date sciences and Machine Learning
Algorithms, we are able to make extremely accurate predictive analysis that
helps the exporters in making the right decisions regarding market entry at the
right time, country selection, trade counterpart selection etc. with Latin
America and Africa also building up as significant markets for our
products.Exporting in this sector is challenging for SMEs because of the number
of steps involved but with our integrated trade platform, worldwide network and
our trade experts, we are making it easy and effective for SMEs.For industries
such as Apparels, Garments and Textiles, the scope of branded exports and global
business expansions are huge, people are continuously looking to find ‘their
brand’ of apparel & garments, a brand that would be relatively unique for
them and suit them in style, and this is a global, upcoming phenomenon. Taking
advantage of our talented, multi-channel marketing team, we plan on using our
social media reach to spread information about the global market opportunities
for the textile and garment industry.The SMEs needs to be aware of export duty,
import duties in target countries, incentive and drawback schemes, real-time
freight rates, standard and specifications requirements, compliance requirements
etc. The main markets for Indian textile and apparel exports are US, European
Union, Parts of Asia, Middle East etc.To enable and empower an SME, it is
important for the SME to know its potential global markets, which can be done
through trade intelligence in the current, digital age. We are enabling SMEs to
go global and go big, we’re opening a market that is multiple folds of their
current potential market and the chances of realising that potential is immense.
Secondly, a business should have an adequate global presence to be considered or
attract global buyers. The industry is getting bigger and better each year and
India is currently one of the most preferred sourcing destinations for garments,
textiles, accessories and finish. This also enables the platform to help in
recurring orders and better terms based on our network and our relationship with
the overseas buyers. India’s share in the global trade of textiles and apparels
is around 5 per cent. There are companies in India which provide even the farm
level traceability for their organic apparel products. though we have customers
from other industry sectors as well.This is also a sector where huge numbers of
SMEs are involved.We are also working at the grass root level by working with
companies who are wholly (100%) owned by smallholder farmers’ (through their
cluster level cooperatives).How are you driving root-level change in this
sector?We’re making SMEs global enterprises, that are a root level change
according to us.What is the process of enabling and empowering these SMEs to
start exporting?To enable SMEs, especially in the said industries, the process
needs to begin from the root levels. Additionally, the execution of orders is
the most important aspect of ensuring safer trade. Selecting the right payment
terms, incoterms, logistics partners, service providers, financial body,
T&Cs plays a vital role
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