The 64th National Garment Fair (NGF) that is currently underway in Mumbai, has exhibitors showcasing a wide range of men’s wear, women’s wear, kids’ wear, ethnic wear, intimate wear, sportswear and more from their Spring/Summer 2017 collections. Over 12,000 retailers from across India are expected to visit the fair that has over 260 stalls.
“Despite demonetisation, the 64th NGF has over 260 Stalls showcasing over 300 Brands under one roof. It is estimated that nearly 12,000 Retailers will visit the fair across two days,” said Rahul Mehta, president of Clothing Manufacturers Association of India (CMAI), the organiser of the show.
The total size of Indian apparel industry is estimated to be around Rs 2,50,000 crore for the domestic market. Out of this, organised market is Rs 74,250 crore (30 per cent) whereas unorganised market is Rs 1,75,750 crore (70 per cent).
“The Indian domestic apparel industry’s size is estimated to double within next 7 years. In the year 2015-16, India’s garment export was $16.80 billion. It is expected to reach $20 billion during the current fiscal,” added Mehta.
CMAI is one of the lead implementing agencies under Component II of the Integrated Skill Development Scheme (ISID) of the ministry of textiles to impart training to 35,000 trainees by March 31, 2017. It has already trained 32,145 trainees and placed 25,336 trainees in the industry, said the association in a press release.
CMAI has also succeeded in persuading the Government of India to remove readymade garments, sold in loose form, from the rules of Packaged Commodities Act. This will go a long way in increasing the ease of doing business in the apparel industry. (KD)
Source:Fibre2Fashion News Desk – India