Busan International Shoe Show, Oct 31 – 1 Nov, 2017 for Shoes & Shoe Industry
No: CLE/EXH/BISS/Nov/2017 May 12, 2017
All Members of the Council
Sub: Inviting Member Participation in the BISS 2017 – Busan International Shoe Show – (NOVEMBER 2-4, 2017).
About the South Korea Market
South Korea is a potential market for leather & leather products. South Korea’s import of leather & leather products increased from US$ 2211.28 million in 2010 to US $ 3958.18 million in 2014, growing at a CAGR of 15.67%.
India’s export of leather & leather products to South Korea has increased from US$ 29.04 million in 2010-11 to US $ 82.38 million in 2015-16 growing at a CAGR of 23.19%.
Source : DGCI & S
Indo-Korea CEPA: India and Korea have entered into a preferential Indo-Korea free Trade agreement named Comprehensive Economic Partnership Agreement (CEPA) as per which India can avail concessional Import duties for range of products including Footwear. The agreement will ease restrictions on foreign direct investments. Companies can own up to 65% of a company in the other country. The Korea Institute for International Economic Policy believes the agreement will increase trade between the two countries by $3.3 billion.
Hence, there is scope for further enhancing India’s export of leather and leather products to South Korea and also for establishing business relationship with the Korean companies in the field of Joint Ventures, Technical Collaboration etc. in the coming years.
About the Busan International Shoe Show (BISS) , Nov 2-4, 2017
To achieve the above, the Council is planning to participate in the BISS 2017 (Busan International Shoe Show) for the first time. BISS (Busan International Shoe Show) is “only one” International Shoe Trade Show in Korea and Busan is also called the Shoe city in Korea. Shoe Industry was traditionally the “symbol” of Busan since 1931 and enjoyed peak time with shoe exports totaling $4.30 billion in 1990, as a shoe export hub. Busan will also play an important role in core shoe materials/components, R&D, Footwear standardizations systems, footwear manpower, training and global footwear networking project sectors in the years to come.
In the last edition of the fair, there were about 260 exhibitors has taken 680 booths in which 650 booths were taken by the domestic companies and 30 booths were taken by the overseas companies
Display Products : Footwear and Leather :
Venue: BEXCO (Busan Exhibition & Convention Center) :
Organized by : Busan Metropolitan City Managed by: Footwear Industrial Promotion Center.
Council’s Participation in the Busan International Shoe Show, BISS (November 2-4, 2017)
Considering the market opportunities in South Korea, the Council is proposing to organize Group Participation of at least 10-12 Members in the upcoming 2017 edition of the BISS fair to be held during November 2-4, 2017; It may kindly be noted that the Council will participate in the Fair subject to the enlistment of at least 10 Companies.
Tentative Participation Fee: Tentative participation Cost works out to Rs.1,26,000/- for a minimum-sized 9 sq mt booth. The Built-Up Stand includes Carpet, Table, Chairs, spot lights, electric power supply and electric outlet, shelves / wire mesh, fascia, Common Interpreter & Water bottles.
NO Assistance to Exporters under MDA /MAI Scheme :
Member companies may kindly note that there will be no MDA/MAI Grant for participation by the CLE member companies in this event.
Interested Members are requested to kindly send the duly filled-in Application Form (attached) along with the Participation Charges of Rs.1,26,000/- by Cheque/DD drawn in favor of Council for Leather Exports. This may be sent to either Council’s Head Office in Chennai or Regional Offices at Delhi, Kanpur, Mumbai, Kolkata & Agra on or before 31st June 2017.
It may be also be noted that participants will have to arrange the Visa to Republic of Korea on their own. However, CLE will arrange for the Invitation Letter from the Fair Organizer, to facilitate obtaining of visas by participants. Kindly note that non-issuance of Visa will not be considered as a valid ground for withdrawal subsequent to confirmation of participation. Hence, withdrawal from participation after confirmation will not be allowed.
With best wishes,
R.Ramesh Kumar, I.A.S