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

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X