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

CMAI’s 71st National Garment Fair, India’s first digital garment fair takes off

 

CMAIs 71st National Garment Fair Indias first digital garment fair takes off

 

One of Indi’s first digital fairs for the garment industry, Clothing Manufacturers Association of India (CMAI) 71st National Garment Fair kicked off yesterday. The online fair is on from September 10 -20, 2020. With over 250 brand participants, the fair is being visited by over 20,000 retailers digitally, informs Rakesh Biyani, President, CMAI. The fair was launched by Smriti Zubin Irani, Minister of Textiles.

Over the last several decades, the National Garment Fairs (NGF) have become one of the most important events in the calendar of domestic garment industry. Till date, the fairs have launched innumerable brands with many manufacturers planning production around the dates of the NGFs. As Rajesh Masand, Vice President, CMAI says, the COVID-19 crisis makes hosting events of the size and scale of NGFs impossible. Hence, CMAI has come up with this unique concept of a virtual fair, where buyers and sellers would meet digitally to showcase and see samples from the safety of their offices, showrooms, and homes.

This fair is being organized in partnership with the Udaan India’s leading B2B e-commerce platform with the largest distribution network for retailers, wholesalers, brands and manufacturers across multiple categories.

Apparel consumption to decline by 30%

As per a CMAI Apparel Consumption Study, conducted in association with AC Nielson, India’s premier market research agency, the size of domestic market before COVID-19 crisis was Rs 6.5 lakh crore. CMAI estimates consumption to go down by around 30 per cent in 2020-21. Various surveys conducted by CMAI over the last few months also indicate at least 20 per cent respondents shutting business unless markets improve substantially. Most manufacturers also plan to cut employee strength by 20 per cent

Besides consumption, India’s garment exports have also dropped to $1,446 million from April to June 2020, a dip of over 62 per cent over the first quarter of last year. With the gradual opening up of international markets, exports are estimated to drop to 65 per cent. However, with the anti-China sentiment spreading across the world, Indian exports have one more opportunity to take a quantum leap in market share in the period ahead.

CMAI is also launching a useful Mobile Catalogue App in partnership with Quick Sell, which will enable members to maintain a 24/7 connect with clients with their products, promotions, and developments digitally.

These are part of CMAI’s continued efforts to provide service to members and help them to grow their businesses in spite of the challenging environment.

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

Brands, marketplaces expect a strong rebound this festive season

Brands, marketplaces expect a strong rebound this festive season

     Brands as well as online fashion and beauty marketplaces Myntra and Nykaa expect a strong rebound during the festive season after a weak first half impacted by the COVID-19 pandemic.... Read more

Leading Indian brands foray into anti-viral clothing

Leading Indian brands foray into anti-viral clothing

     The pandemic has encouraged many Indian textile and apparel brands, including Reliance, Arvind, Aditya Birla, Donear Group, Raymond Siyaram and few start-ups to enter the market for anti-viral clothing in... Read more

India’s online shoppers to double this festive season: Redseer Consulting

India’s online shoppers to double this festive season: Redseer Consulting

     According to Redseer Consulting, the number of online shoppers in India will nearly double to around 50 million during the festive season this year. This year’s bonanza sales will gain from... Read more

Surendra Savai passes away

Surendra Savai passes away

   Credited for launching the first edition of DFU Publications in 1989, Surendra Tulsidas Savai, President, Mumbai Textiles Merchants Mahajan, passed away on September 15, 2020. He was 81 years old.... Read more

COVID-19: Brands reevaluating luxury businesses in India

COVID-19: Brands reevaluating luxury businesses in India

    COVID-19 is leading to a reevaluation of the luxury business model in India. With the luxury market expected to contract 39 per cent in 2020, businesses across the country are... Read more

Muted demand for ethnic wear expected this festive season

Muted demand for ethnic wear expected this festive season

    With COVID-19 diminishing consumer sentiments, the ethnic wear segment in India could register only 10-20 per cent sales from April to June. However, reports suggest, the arrival of festival season... Read more

Adoption of online shopping to increase post COVID-19: Report

Adoption of online shopping to increase post COVID-19: Report

     A report by KPMG and Retailers Association of India indicates, there will be increased adoption of online shopping, contactless payments and consumers placing safety over price, range and convenience post... Read more

COVID-19 causes US$253 bn loss to Indian retail industry in 5 months

COVID-19 causes US$253 bn loss to Indian retail industry in 5 months

     The Confederation of All India Traders (CAIT) estimates that COVID-19 pandemic has inflicted a loss of about US$253 bn (Rs 19 lakh crore) to India's retail industry in the past... Read more

Fashion brands focus on e-commerce to woo shoppers back to stores

Fashion brands focus on e-commerce to woo shoppers back to stores

    As stores reopen, fashion brands hope to apply their e-commerce learning -- to coax consumers back to stores. Besides updating their websites, these companies also plan to add features like... Read more

CMAI’s 71st National Garment Fair, India’s first digital garment fair takes off

CMAI’s 71st National Garment Fair, India’s first digital garment fair takes off

    One of Indi’s first digital fairs for the garment industry, Clothing Manufacturers Association of India (CMAI) 71st National Garment Fair kicked off yesterday. The online fair is on from September... Read more

MOST POPULAR NEWS
Go to top

Follow Us On:

Face BookDealersForYou

TWDFUpublications

LNDFUpublications

YouTubeDFUpublications

 Copyright © 2020 DFU Publications. All rights reserved.