Home / Knowledge / News / Apparel/Garments / India's garment exports may cross $17bn in FY'15: CMAI
India's garment exports may cross $17bn in FY'15: CMAI
14
Jun '14
The exports of garments from India are likely to cross the US$ 17 billion mark in fiscal year 2014-15, according to the Clothing Manufacturers’ Association of India (CMAI).
 
Addressing a press conference to announce the 59th National Garment Fair, chairman of CMAI Board of Trustees Premal Udani said India’s overall textile exports stood at $32 billion in FY’14, with apparel exports contributing $15 billion, Economic Times reported quoting PTI.
 
Mr. Udani said India’s clothing industry is doing well and the CMAI expects the country’s garment exports to grow at 15 percent year-on-year and cross the $17 billion mark.
 
He said the US and Europe are major markets for Indian apparel and these markets consume about 80 percent of exports. However, the industry is now focusing on new markets like Latin America and Japan, to overcome the slower growth being witnessed in traditional Western markets.
 
For apparel exporters, the appreciation of the Indian rupee vis-à-vis the US dollar is a matter of concern, as it decreases the competitiveness of Indian products. But, the CMAI is hopeful that the currency exchange rate would remain at around Rs. 60 per one dollar, Mr. Udani said.
 
At the press conference, CMAI president Rahul Mehta said India’s domestic apparel market has witnessed a slower growth rate in the first few months of the current fiscal year 2014-15, but it may now attain momentum and grow at 12-15 percent over the last year.
 
The CMAI is organizing “India’s largest Ever Apparel Trade Show – The 59th National Garment Fair” from 23rd June to 25th June 2014 at Bombay Exhibition Centre, NSE Complex, Goregaon (East), Mumbai.
 
The B2B fair will have 697 stalls displaying over 737 brands, making it India’s largest ever garment fair held so far. Approx. 40,000 retailers from all over India are expected to visit this fair.
 
On the sidelines of the fair, CMAI will be organizing ‘Fashion Fiesta’ - Fashion Shows on 23rd June & 24th June. Business Networking Sessions—the USP of the last 3 fairs—will continue this year as well.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Priyanka
Studio Priyanka Rajiv

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
January 2017

January 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