A huge rush of trade visitors, hitherto unseen in the past Editions, resulted into generation of inquiries and good bookings. This clearly showed the mindset of Apparel Retailers anticipating a revival in demand at the Store Level in the forthcoming Festive Seasons. We had footfalls of more than 25,000 Trade Visitors said Mr. Rahul Mehta, President – CMAI, thus summarizing the overall positive effects of the 55th National Garment Fair.
The 55th National Garment Fair organised by CMAI was inaugurated by Smt. Kiran Dhingra,IAS, Secretary (Textiles) on 9th July 2012 at the Bombay Exhibition Centre, NSE, Goregaon (E), Mumbai. The largest ever Apparel Trade Show for the Domestic Market, had over 400 Exhibitors, representing 495 Brands. This B2B Fair was restricted to Garment Retailers, Traders, Agents and Distributors. The Fair remained open till 11th July 2012.
Smt. Dhingra expressed satisfaction at the huge Participation and complimented the Association for their Organisation of the Fair and their immense Contribution towards the Development of the Domestic Apparel Industry in India.
The Government is hopeful of achieving the revised Textiles Export Target of USD 40.5 Billion for 2012-13, despite the demand slowdown in Major Western Markets like the US and Europe. "We are hopeful of achieving the Textile Export Target of USD 40.5 Billion in the current fiscal as compared to USD 33 Billion in FY 12, Smt. Dhingra stated after Inaugurating CMAI’s 55th National Garment Fair in Mumbai. Mr. A.B. Joshi, Textile Commissioner graced the occasion.
Smt. Dhingra said that the Textile Ministry was concerned over the demand slowdown in Major Western Markets like the US and Europe, but New Markets like Latin America, Africa Middle East and Japan had good potential.
After sops were announced in the Foreign Trade Policy (FTP), the Exporters have responded positively and based on it we have revised this year's Textiles Exports Target upwards from USD 38 Billion to USD 40.5 Billion, she said. Segments including Apparel, Handicrafts and Carpets are upbeat about Exports Performance this year, she added.
To help the cash-starved Industry, the Government has announced the Restructuring of Debt worth Rs. 35,000 Crore to bail out the Textile Industry. A Meeting of a Group of Officers will be held on July 13 in New Delhi to formulate the Debt Restructuring Proposals on a case-by-case basis for the Textile Industry, Smt. Dhingra further said.
She stated further that in the 11th Plan, 40 Textile Parks were sanctioned and for the 12th plan, 21 Textile Parks have been given the nod so far.
"The Sowing of Cotton has affected due to poor Rainfall," Textile Commissioner Mr. A.B. Joshi said, adding that the Area under Cotton may fall in 2012/13 from last year as Farmers may opt for competing Crops like Soybeans, which give better returns.
The Clothing Manufacturers Association of India (CMAI)
| On 6th May 2021
The National Development and Reform Commission (NDRC) of China has...
| On 6th May 2021
Ireland has launched a new round of the COVID-19 Online Retail Scheme ...
The Cotlook A index is expected to decline by 6.18 per cent in June...
Opportunity now to reimagine processes & systems in a digital environment
Blockchain is not a silver bullet for each and every problem in supply...
International apparel brands
Launched first collection at onset of Covid
GoodWeave International, a nonprofit working to end child, forced and...
From design to raw material to fabrication and ultimately to delivery -...
The JD Institute of Fashion Technology is the educational division of JD...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
From May 14 to 17, international exhibitors will present the entire...
Arevo, based in Silicon Valley in California, develops technology to...
Abhishek Bajaj & Samiksha Bajaj
Samshek is a fashion forward tech brand which combines digital experience...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to firstname.lastname@example.org.