Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

CMAI’s 67th National Garment Fair to open in Mumbai on July 16

CMAI July 2018India’s largest apparel trade show – The 67th National Garment Fair is being organised by the Clothing Manufacturers Association of India (CMAI) from July 16 to 19, 2018 at the Bombay Exhibition Centre, Goregaon. The fair will be inaugurated by Rahul Mehta, President, CMAI, who is also the ex-chairman of the International Apparel Federation (IAF). The B2B fair will be spread over approx 650,000 sq. ft. and will be attended by 986 exhibitors displaying 1,087 leading brands in menswear, women’s wear, kids wear and accessories. CMAI will also publish the ‘Show Directory’, popularly known as the Fair Guide.

Domestic apparel market growth

Mehta points out domestic apparel market has grown at aCMAI PC IMG 3572 Group Pic CAGR of 10 per cent since 2005 and is estimated to worth $67 billion in 2017. The market, due to the presence of strong fundamentals, is expected to grow at CAGR of 11-12 per cent and reach about $160 billion by 2025. The segment is mainly dominated by the ready-to-wear category which makes up 84 per cent of the total market, amounting to $56 billion, growing at a CAGR of 10-11 per cent.

Meanwhile, the ready-to-stitch segment is also gaining momentum as men who earlier bought premium or luxury readymade clothing brands are now opting for a shirt or a trouser that fits them perfectly. The ready-to-stitch market, is currently estimated at $11 billion and expected to grow at a CAGR of 7 per cent and reach about $20 billion in 2025.

Declining exports a bug bear

Premal Udani, Chairman, Board of Trustees, CMAI observes apparel exports are declining since October 2017. The introduction of GST has resulted in non-refund of several embedded taxes. Consequently apparel exports for the financial year 2017-18, has declined 4 per cent to $16.7 billion. This downturn is continuing in FY 2018-19 with a month on month decline of 10 per cent. To counter this, the government has assured embedded taxes will be refunded through the drawback route.

 

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Quality products, retail expansion helps Mufti balance fashion and comfort

Quality products, retail expansion helps Mufti balance fashion and comfort

Among the popular casualwear brands in India, Mufti thrives on the basic principle of novelty in menswear fashion. The brand, catering to Indian men strikes the right balance between fashion... Read more

Neva to reclaim its position through new collections, retail expansion

Neva to reclaim its position through new collections, retail expansion

“Our new Spring/Summer Collection 2018-19 is not only high on style but also a treat for quality conscious customer,” says Anuj Jain, AVP-Advertising, Neva. “The collection provides clothes for all... Read more

Kids brand Kittens plans to go global

Kids brand Kittens plans to go global

“The sky is the limit for us,” says Rachna Shah, Partner, JS Clothing Company, owner of the kids wear brand Kittens. The brand, after 25 years of fruitful journey in... Read more

Woodland foresees positive growth ahead, plans to continue retail expansion

Woodland foresees positive growth ahead, plans to continue retail expansion

As the weather warms up, Woodland is ready with its Spring/Summer 2019 collections that will hit stores soon. “The fabrics that will rule this season include: suede, canvas, blends, etc.... Read more

Transforming Retail Awards: Showcases the potential of Indian retail industry

Transforming Retail Awards: Showcases the potential of Indian retail industry

“There are many who are yet to understand the potential of the Indian retail industry that we seek to unleash,” said Smriti Zubin Irani, Union Minister of Textiles speaking at... Read more

CMAI’s India Size Project to benefit manufacturers and consumers alike

CMAI’s India Size Project to benefit manufacturers and consumers alike

CMAI recently launched the India Size Project that aims to study Indian body types to create an Indian size chart. “The project is not only an emblem but a resolve... Read more

Raisin aims for a holistic experience with retail expansion on the cards

Raisin aims for a holistic experience with retail expansion on the cards

Staying close to its core strength of providing exceptionally comfortable fashion, Raisin, in the upcoming summer season, plans to introduce a new collection ‘You Are Hue’ Spring/Summer ’19. “True to... Read more

Not yet ready for summer, Tom Tailor launches an in-between range

Not yet ready for summer, Tom Tailor launches an in-between range

All collections of Tom Tailor exude individuality and a sense of style, and skillfully combine classic pieces with seasonal fashion trends. The brand for the upcoming season is launching two... Read more

Duke’s launches S/S ’19 collection, to foray into new segments

Duke’s launches S/S ’19 collection, to foray into new segments

Kuntal Raj Jain, Director, Duke believes “innovation is most important in the fashion industry.” With a style statement that says, ‘clean, chic and vibrant attitude’ for the not so patient... Read more

Numero Uno celebrates individuality with new collection

Numero Uno celebrates individuality with new collection

The S/S’19 collection of Numero Uno offers an interesting mix of natural and sustainable fabrics alongwith technology-driven sustainable wash. The collection comprises ‘One Glass Water Jeans’, and a new collection... Read more

MOST POPULAR NEWS
Go to top