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Apparel and Textile News

Giant Brands Perform Better

Giant brands with turnover of above Rs 300 crore have done better with higher sales turnover and lower inventory holding, according to Clothing Manufacturers' Association of India's (CMAI's) Apparel Index for the July-September quarter. The industry has maintained its growth tempo with overall index value at points, which is approximately 56 per cent higher than the index for small brands (with turnovers between Rs 10 to 25 crore) which stood…
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Apparel and Textile News

Apparel Index By CMAI

A Report on CMAI's Apparel Index for the First Quarter (April-June 2015) shows that large and giant brands are doing much better than small and mid-level brands and that the Apparel Index has grown by points. The index reveals that the industry continued its upward growth curve with the overall index value recording points. Much like the previous quarters, it is the bigger brands which have done far better with higher…
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Apparel and Textile News

Apparel Making Centre In Mizoram

Textiles minister Santosh Kumar Gangwar has laid the foundation stone of Apparel and Garment Making Centre at Aizawl, in Mizoram bringing this tiny state on the textile map of the country. Speaking on the occasion, Gangwar said that Prime Minister Narendra Modi has given special attention to the textiles sector with special focus on the North Eastern Region. The Apparel and Garment Making Centres are being opened in every state…
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Apparel and Textile News

New Textiles Policy Aims At 35 Million Jobs

The centre will unveil a new national textiles policy next month that seeks to create 35 million new jobs by attracting foreign investments, Secretary(Textiles), S K Panda said. "The new national textiles policy aims at creating 35 million new jobs by attracting foreign investments. The policy will be announced in July after the Cabinet approval," Panda told reporters after inaugurating the 61st National Garment Fair in Mumbai. An expert panel…
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Apparel and Textile News

61st National Garment Fair Begins In Mumbai

The 61st National Garment Fair, country's largest apparel trade show, organised by the Clothing Manufacturers Association of India (CMAI) began at Bombay Exhibition Centre, Goregaon in Mumbai from today. The three-day B2B fair is spread over about five lakhs square feet with over 700 stalls displaying about 780 brands, CMAI president, Rahul Mehta said. Around 40,000 retailers from all over the country are expected to visit the fair. For the first…
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Apparel and Textile News

Rs. 400 Crore Recovered From Defaulters By Apparel Industry

The Garment Industry, which is reeling under severe cash crunch, has recovered Rs. 400 crore in last three months from retailers who had defaulted on payment due to weak demand. The Clothing Manufacturers Association of India (CMAI) has formed a separate committee to negotiate with defaulters and recover the dues. The association has also formed a system to alert the members on the credit profile of buyers so that they…
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