Home / Knowledge / News / Apparel/Garments / Indian apparel sector anticipates good festive season
Indian apparel sector anticipates good festive season
10
Jul '12
Mr. Rahul Mehta
Mr. Rahul Mehta
After witnessing flat sales growth in the summer season, the Indian apparel sector is expecting the sales to bounce back during the upcoming festive season.
 
“In the first half of 2012, the mood was very nasty. The summer season, on a like-to-like basis over the last year, was very flat. But now, I am seeing positive signs and I expect the clothing sector to grow by 5-10 percent year-on-year in the festive season,” Mr. Rahul Mehta, President, The Clothing Manufacturers’ Association Of India (CMAI), told fibre2fashion.
 
Giving reasons for his positive outlook, he says, “The economic conditions are often dictated by mood rather than reality and the mood of the country appears to be changing. The Prime Minister taking over the Finance Ministry has given positivity to the entire mood. There are also expectations that FDI in multi-brand retail will be allowed. Moreover, there are expectations that there will be reduction in interest rates.”
 
“I also do not foresee any supply crunch during the festive season as the workers’ strike in some textile mills in Ahmedabad has ended. Hence, I anticipate a fairly good festive season ahead,” he adds.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Aptos

Information Technology | On 25th Feb 2017

Tailored Brands selects Aptos sales audit solution

Aptos, Inc., a market leader in retail technology solutions, has...

Information Technology | On 25th Feb 2017

One Jeanswear Group deploys Centric PLM suite

Centric Software, the leading PLM solution for fashion, retail,...

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

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...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search