CMAI’S 67th National Garment Fair: The Mega Convention
Showcasing 916 exhibitors, 986 stalls displaying about 1087 brands of men’s wear, women’s wear, kidswear and accessories, the 67th National Garment Fair held in Mumbai was India’s largest ever garment buyer-seller fair held so far in history.
Showcasing 916 exhibitors and
986 stalls displaying about 1087 brands of men’s wear, women’s wear, kidswear and accessories, the 67th National Garment Fair held in Mumbai was India’s largest ever garment buyer-seller fair held so far in history.
The Clothing Manufacturers Association of India (CMAI) rolled out the 67th edition of The National Garment Fair from 16th July to 19th July 2018 at the Bombay Exhibition Centre, NSE Complex, Goregaon (East), Mumbai. Touted to be one of the most prodigious convocations of the apparel industry in Inda, the 2018 edition was inaugurated by Chief Guest Kishore Biyani, Group CEO, Future Group.
Spread across an approximately 6,50,000 sq.ft., area, covering all the halls at the Bombay Exhibition Centre, the B2B event was home to 916 exhibitors and 986 stalls displaying about 1087 brands across men’s wear, women’s wear, kidswear and accessories. The 2018 edition will go down in history as India’s largest ever garment fair held so far.
For the first time, the July Edition of the National Garment Fair has been a ‘No Decoration Fair’. This B2B Fair was open only to trade visitors and garment retailers. The business networking sessions between the exhibitors and agents and distributors, high street retailers, national chain stores and e-commerce companies was also one of the key feature.
Indian Apparel Market
According to Rahul Mehta, President, CMAI, India’s domestic apparel market was estimated at USD 67 billion in 2017 which had grown at a CAGR of 10 percent since
2005. Indian domestic market had performed better than the largest consumption regions like the US, EU and Japan, where depressed economic conditions led to lower demand and growth. Due to presence of strong fundamentals, the domestic apparel market size of India was expected to grow at 11-12 percent CAGR and reach about USD 160 billion by 2025.
The domestic market size is dominated by ready-to-wear category, market size ~USD 56 billion, with 84 percent share
which is further growing at a CAGR of 10 to 11 percent. The ready-to-stitch market is also gaining momentum as more and more men who have been buying premium or luxury readymade clothing brands want to wear a shirt or a trouser that fits them perfectly. The ready-to-stitch market currently at USD 11 billion is expected to grow at a CAGR of 7 percent and reach about USD 20 billion in 2025.
Recent Plastic Ban in Maharashtra
On the recent plastic ban announced by the Government of Maharashtra, Mehta welcomed the clarification issued by the environment department allowing the use of PP bags for wrapping the garments at the manufacturing stage under a mechanism for the collection of the used PP bags through a buy-back mechanism and ensure the recycling and final disposal of the collected PP bags.
Mehta once again reiterated CMAI’s commitment, as a responsible organization, to protect the environment and assured that their members will work hand in hand with the state government and local authorities and ensure that all used PP/ plastic bags are responsibly recycled and disposed off.
Decline in Garment Exports
Premal Udani, Chairman-Board of Trustees, CMAI stated that apparel exports had taken a beating from October 2017 onwards. The introduction of GST had resulted in non-refund of several embedded taxes. Consequently apparel exports for the financial year 2017-18 declined by 4 percent to USD 16.7 billion from 17.38 billion in the previous year.
The downturn continues in FY 2018-19 with a month on month decline of 10 percent. The Government has seen this matter and has assured that embedded taxes will be refunded through the drawback route.
First Apparel Training Center at Asmeeta Texpa, Bhiwandi
CMAI is setting up their first apparel training centre, spread over 8,000 sq. feet, at AsmeetaTexpa, Kalyan Bhiwandi Industrial Area. The centre shall be operational by the end of this year. This full-fledged training centre shall offer courses for sewing machine operators - basic and advanced, supervisors, quality checkers and finishers and packers and will train up to 4,000 trainees per year.
A Tripartite Memorandum of Understanding between Government of Gujarat, GIDC and CMAI was signed on 10th July 2018 where
CMAI shall disseminate information amongst its members promoting Gujarat as a destination for investments.