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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search