Vastra, an international textile and apparel fair on its 6th edition did something
remarkable to stand out from other B2B exhibitions. A show crafted to create
business opportunities, endeavouring to revitalize existing business ties and
forging of new business relations within the business cluster this year opened its
doors to customers also to buy directly from the manufacturers.
The 6th edition of VASTRA was held at Jaipur Exhibition & Convention Centre, Sitapura Industrial Area, Jaipur organised by Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO) alongside Federation of Indian Chambers of Commerce and Industry (FICCI) as coorganiser ended on a good note. Vastra has always been an ideal platform to enter strategic alliances and partnerships worldwide, launch new products, as well as, harness new locations for setting up businesses in India. This year the organisers had even bigger plans and they opened the gates for the customers, first three days were devoted exclusively to B2B and the last day involved B2C activities, involving retail sales, this endeavoured to seek opportunities to those exhibitors who may be looking for a chance to reach the end users as well.
This year the show provided platform to more than 170 exhibitors that included manufactures, exporters and institutions like NIFT. Gaurav Dugar, an aficionado of the exhibition has a long association with this exhibition, his company export Warehouse Manufacturing Unit commonly known as E-WA manufactures ladies’ ethic wear and exports worldwide. Their product range varies on the basis of demand from the buying houses. "The response is much better than the last year and I think with the new twist to involve B2C activities the show will add more successful milestones in the coming years said Gaurav Dugar.
Reverse Buyer Seller meet, B2C activities on the last day i.e. retail sales can be done, Business Fashion shows, State Pavilions, Design Display wall for budding fashion designers, Live demonstration of traditional textile crafts, Overseas Buyer delegations were the main highlights of the exhibition. Jaipur based Goodwill Impex limited that started operations in 1995 having their export relation with Japan, US showcased ladies wear at the exhibition, "Though after GST implementation and 2% drawback return the business has become difficult but the situation has not at all slowed down and our enthusiasm to promote business is still there. Response is really good and we hope to have new clients and business deals in our bags at the end of the fair," said Vimal Shah, Owner of the company.
Export is an organised sector so we are not facing much problems with the tax, it’s a long paper work process so we all have to be patient to get the refunds of tax otherwise GST will be helpful in the future. GST blues have definitely not stolen the charm of VASTRA as people are enthusiastic to exhibit their product and buyers are interested to see what new we have to offer so the expected response is received by both ends," said Ritesh, Yufta LLP. While all visitors and exhibitors gave thumbs up to the success of the show, GST remained buzz of the show. Some advocated in favour and some cited examples of loss in business, amidst GST and 2% draw back refund apprehension. However, the exhibition concluded on a successful note leaving a hope for a better business future for the exhibitors.