- Meenakshi Kumar |
The Clothing Manufacturers Association of India (CMAI)will organise the largest ever apparel trade show – the 63rd National Garment Fair from July 13-15 at Bombay Exhibition Centre, NSE Complex, Goregaon (East), Mumbai. It is being touted as India’s largest show.
The B2B fair will be spread out over approximately 5,50,000 square feet covering all the halls at the exhibition centre. There will be 742 stalls showing 812 brands. Nearly 40,000 retailers from all over India are expected to visit the show. The total size of the Indian apparel industry is estimated to be around Rs 2,50,000 crores for the domestic market. Out of this, organised market is Rs 74,250 crores (30 percent) whereas unorganised market is Rs 1,75,750 crores (70 percent). The Indian domestic apparel industry’s size is estimated to double within the next seven years. In the year 2015-16, India’s garment exports was 16.80 billion dollars (Rs 1,14,022 crores). It is expected to reach 20 billion dollars (Rs 1,35,740 crores) during the current fiscal.
Rahul Mehta, President, CMAI, speaking at a press conference, welcomed the special package announced by the Central government for the garment industry. He believes that it will create additional employment opportunity and boost exports. It will also attract large investment in the garment industry and enhance production capacity.