CMAI & BillMart Fintech Partner To Simplify Trade Finance For Garment Manufacturers

CMAI collaborates with BillMart to provide AI-driven trade finance and bill discounting solutions for faster liquidity and business growth.

The Clothing Manufacturers Association of India (CMAI) has signed a strategic MoU with BillMart Fintech Pvt. Ltd., designating it as the official Digital Funding Partner for its members. BillMart, a leading digital lending platform specializing in bill discounting, trade finance, and supply chain solutions, will offer CMAI members seamless access to innovative financial solutions. The company also participated in the 80th National Garment Fair, engaging with industry leaders on the future of digital financing in the apparel sector.

India’s textile and apparel industry is valued at $138 billion, with the domestic apparel market accounting for $100 billion. As one of the largest employment generators, the sector supports over 45 million people, with MSMEs forming its backbone.

Through this partnership, CMAI members will gain easy access to bill discounting and working capital solutions, ensuring faster credit processing and improved liquidity. BillMart’s AI-powered financing platform will enable garment businesses to convert outstanding invoices into immediate cash flow, facilitating smoother operations, stronger supplier relationships, and sustained business growth.

Santosh Katariya, President, CMAI stated, “With India’s garment industry growing at 10% CAGR, financial agility is crucial for manufacturers to stay competitive. Smooth cash flow is essential for sustainability, and this collaboration with BillMart will provide CMAI members with tailored financial solutions to enhance liquidity, meet market demands efficiently, and scale their businesses. This partnership marks a significant step in revolutionizing trade finance for the garment sector, ensuring businesses of all sizes can unlock capital faster and optimize working capital for long-term success.”

Ashok Mittal, MD & CEO, BillMart Fintech, added, “With the textile and apparel sector employing over 45 million people, MSMEs and SMEs play a vital role in domestic supply chains and exports. Access to fast and efficient funding is key to sustaining and expanding these businesses. Our AI-driven trade finance and bill discounting solutions will help CMAI members manage working capital efficiently, reduce financial stress, and drive growth. By leveraging technology, we aim to make supply chain finance smarter and more accessible, ensuring liquidity support for apparel businesses at every level.”

With this partnership, CMAI and BillMart Fintech are set to redefine trade finance for garment manufacturers, providing crucial financial support to boost industry growth and resilience.