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

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

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,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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