Over 1,200 apparel brands attend NGF 2023 in Mumbai

19 Jul '23

3 min read

Sharad Suri MD Chunmun Stores Inagurating CMAI NGF 2023. Pic: The Clothing Manufacturers Association of India

Insights

The 77th edition of the National Garment Fair features over 1,200 brands showcasing a wide range of womenswear, menswear and accessories.
It serves as a crucial platform for connecting brands, manufacturers, designers and retailers in the apparel industry.
The industry is optimistic about the festive season and expects a successful quarter for the apparel market.

More than 1,200 brands are participating at the ongoing 77th Edition of the National Garment Fair (NGF 2023) in Mumbai, presenting a diverse range of womenswear, menswear and accessories at the Bombay Exhibition NESCO Complex in Goregaon East. It was inaugurated by BS Nagesh, founder of Trrain and chairman of Shoppers Stop Ltd. The kidswear exhibition at the Jio World Convention Centre in BKC was inaugurated by Sharad Suri, managing director, Chunmun Stores, one of the largest kidswear retailer of north India.

Dignitaries present at the inauguration include Rajesh Masand – president, Clothing Manufacturers Association of India (CMAI); Mohan Sadhwani, executive director, CMAI; Premal Udani – chairman, board of trustees; Rohit Munjal, vice president and chairman of the fair committee; Jayesh Shah – vice president, CMAI; Santosh Kataria – secretary, CMAI; Ankur Gadia – treasurer, CMAI; Paresh Shah – Jt. treasurer; Rahul Mehta, chief mentor, CMAI; Naveen Sainani – Jt. secretary, CMAI, among others.

Recognised as the largest and highly anticipated trade fair in the Indian apparel industry, the fair serves as a vital platform for connecting national and regional brands, manufacturers, designers, and fashion accessories manufacturers with retailers, agents, distributors, and e-commerce companies. This biannual event holds significant prestige in the industry and is widely regarded as India's foremost trade fair, offering a comprehensive sourcing platform that maximises both time and cost efficiency for all stakeholders involved.

Speaking about the festive apparel market, Masand said, “The apparel industry in India holds significant importance within the country's economy. As the festival season of 2023 approaches rapidly, it becomes crucial for industry participants to closely observe consumer behaviour and trends to maintain a competitive edge.”

“The business generated during this four-day trade event will provide valuable insights into the industry's sentiments and expectations for the upcoming festive season. Spanning across two of the largest venues in Mumbai, this edition of NGF covers an approximate area of 8,00,000 sq.ft. and anticipates a significant turnout of over 35,000 visitors, which include national level Retailers and Distributors,” Munjal said.

“The industry is hopeful that the upcoming festive season coupled with the wedding mahurats in November and December will add to the growth in profits and not just volume. The initial response received for NGF 2023 is looking buoyant and we are looking forward to a successful festive quarter for the industry,” speaking about the consumer demand for the upcoming festive season, Mehta said.

The size of the Indian apparel market is estimated to be ₹6.80 lakh crore and has grown by 15-20 per cent in FY23. however, with the costs of raw materials as well over all cost of production having gone up substantially, this growth has been entirely price-led, and the volumes would still be below the previous year by 3-5 per cent.

Fibre2Fashion News Desk (RR)

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