Dear Friends,

Apparel - - From The President’s Desk -

The Tex­tiles Min­istry is work­ing on a mega event ‘TEX­TILES IN­DIA 2017’, where all seg­ments of the In­dian Tex­tile Value Chain, from Fi­bre to Fash­ion, are go­ing to be show­cased to the world. The event, planned for June 30th, July 1st and 2nd, will be held in Gand­hi­na­gar, Gu­jarat, and is likely to be in­au­gu­rated by the Prime Min­is­ter, Shri Naren­dra Modi. CMAI has been in­vited to show­case the Do­mes­tic Ap­parel In­dus­try, both Brands and Re­tail, at this event, and has started work­ing closely with lead­ing play­ers to put up a grand show. This is a unique con­cept vi­su­alised by our dy­namic Min­is­ter, Smt Sm­riti Zu­bin Irani. We have al­ways high­lighted In­dia as be­ing one of the few coun­tries in the world hav­ing the com­plete value chain in Tex­tiles, and this show is a per­fect ve­hi­cle to dis­play our strengths across the chain. The fact that CMAI is the only non Govern­ment body to be se­lected to show­case its seg­ment is in­dica­tive of the grow­ing recog­ni­tion and ap­pre­ci­a­tion for the yeo­man ser­vice the As­so­ci­a­tion is pro­vid­ing to the Do­mes­tic sec­tor. i thank the Hon'ble Min­is­ter for her ac­tive sup­port and con­tin­u­ous en­cour­age­ment in our ac­tiv­i­ties. The Sum­mer sea­son has started in full flow – un­for­tu­nately far more in terms of heat than in terms of Con­sumer pur­chas­ing! Record tem­per­a­tures across the coun­try have prob­a­bly damp­ened the en­thu­si­asm to go out and shop, but March ul­ti­mately closed on a much more se­date note than what its first few days in­di­cated. As ex­pected, the last fall back of all Brands at the sign of a slow­down – pro­mo­tions and dis­counts – was back in ac­tion! The pre­dic­tions of a less than nor­mal Mon­soon are fur­ther damp­en­ing the spir­its! GST in­tro­duc­tion has again got a shot in the arm with most of the con­tentious is­sues be­ing re­solved, and chances of an April launch have bright­ened con­sid­er­ably. How­ever, it is my per­sonal opin­ion that the In­dus­try is not re­ally pre­pared for the tran­si­tion yet, and I would urge a Septem­ber roll out rather than July. Blame it on the clas­sic In­dian habit of wak­ing up at the last minute if you wish, but I would rather see a cou­ple of months de­lay rather than a dis­as­trous launch. The econ­omy is just about over­com­ing the tur­moil of de­mon­eti­sa­tion – let it not go through yet an­other cri­sis so soon!

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