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

Fibre2Fashion: 21 years of serving textile-apparel-fashion industry

Textiles | On 17th Apr 2021

Fibre2Fashion: 21 years of serving textile-apparel-fashion industry

Fibre2Fashion, the online platform for the global...

Pic: Shutterstock

Textiles | On 17th Apr 2021

China's economy grows 18.3% in Q1 2021

Powered by a strong domestic and foreign demand, China's economy grew ...

Pic: Shutterstock

Retail | On 17th Apr 2021

US retail sales saw strong rebound in March: NRF

As government cheques fattened consumers’ bank accounts and more...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Akash Sehgal,

Akash Sehgal

Part of retail and hospitality conglomerate Landmark Group in Dubai,...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

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


April 2021

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


Advanced Search