Home / Knowledge / News / Apparel/Garments / CMAI chief sees modest growth of RMG sector
CMAI chief sees modest growth of RMG sector
04
Feb '16
Kavita Gupta inaugurating the fair
Kavita Gupta inaugurating the fair
President of the Clothing Manufacturers Association of India (CMAI) Rahul Mehta has said that the readymade garments could grow at 10 to 12 per cent in the domestic market this year, according to a press release of the association.

Mehta said that 2015 was largely uneventful year for the readymade garment sector with neither spectacular growth nor any dramatic fall in the domestic market. “I see a reasonable 10 – 12 per cent growth in 2016 in the domestic market, with women's wear and kidswear growing at a faster rate. Organized retail will continue to grow and MBOs will continue to be under pressure,” he said.

His comments came at the recent National Garment Fair in Mumbai. Mehta also said readymade garments should be included in the merit list of GST, according to the CMAI press release.

The National Garment Fair drew 283 exhibitors displaying over 330 brands. Approximately 15000 retailers and trade visitors from all over India visited the two-day Fair. The exhibitors at the fair displayed a wide range of Men's wear, Women's wear, Kidswear, Ethnic wear, Intimate wear etc showcasing their Spring/Summer 2016 Collection.

Textile Commissioner Kavita Gupta who inaugurated the fair said the Draft New Textile Policy is ready and would be announced soon. Referring to Textile Parks she said that 72 Parks have been approved but less than 30 are operating at optimum scale while the remaining Parks are lying idle. The Government wants to make these Parks fully operational.

Gupta also said that given the readymade garment Industry's high employment generation, the Government is giving 15 per cent capital subsidy to the garment industry compared to10 per cent to the other sectors of the textile Industry.

The Textile Commissioner also said that with a 13 per cent share, technical textiles sector is emerging as a sunrise sector with a projected growth of 20 per cent year-on-year. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search