The second edition of the North India Garment Fair (NIGF 2024), organized by the Clothing Manufacturers Association of India (CMAI), concluded successfully at the Yashobhoomi Convention Centre (IICC) in Dwarka, New Delhi. Held from June 11-13, 2024, the fair saw an impressive turnout with more
The Indian government has decided to extend ‘Samarth’ scheme for capacity building in textiles sector by another year and will now be operational till March 31, 2024. A circular from the Ministry of Textiles informed that the Department of Expenditure under the Ministry of Finance has approved the extension of the scheme. Samarth is a […]
India is among five Asian countries which has been targeted by a US textile trade body for predatory trade practices and unethical cost reduction practices. India was accused by the National Council of Textile Organizations (NCTO) CEO Kim Glas while testifying before the US International Trade Commission (USITC). Kim Glas testified before the USITC as […]
Over 100,000 trade visitors attended Bharat Tex 2024 and 63 MoUs were inked in various fields, including entrepreneurship, skilling and sustainability. “The four-day event witnessed an overwhelming response not just from Indian, but also global players, including top brands and retailers,” an official statement said. Over 10,000 artisans, weavers, design and
Seven apparel manufacturing units received project approval letters from the Odisha government, which will be set up in the garment cluster of Khurda. “They were attracted by Odisha’s conducive business environment, stable government, swift approvals, and seamless land allotment process,” an Odisha government press release said. “With the best incentive structure for
India’s textiles and apparel overseas shipments have dropped over the past five years by 7.6 percent to $34.24 billion in 2023 as against $37.16 billion in 2018. A report titled ‘Regaining Textile Glory’ by Global Trade and Research Initiative added that in the same five year period, India’s textile and garment imports grew 25.46 percent […]
A management consulting firm believes the Indian apparel industry has the potential to increase productivity by 15 percent which which translates into additional income of US $7.8 billion. Dr Rajesh Bheda, MD of Rajesh Bheda Consultants said the current value of clothing produced in India is $52 billion, of which share of domestic market is […]
Prime Minister Narendra Modi, flanked by Union Ministers Piyush Goyal and Darshana Jardosh inaugurated Bharat Tex 2024, touted as India’s biggest textile fair at Bharat Mandapam in New Delhi. Bharat Tex will not only display India’s rich textile heritage but also positions India as a modern global textile powerhouse. Currently, the industry is facing both […]
Indian MSME apparel manufacturers may face a loss of Rs 5,000-7,000 crore in the January-March quarter according to the Clothing Manufacturers Association of India (CMAI). CMAI said an amendment in the Income Tax Act states that payments to MSMEs need to be made within 45 days. CMAI claimed that this has pushed retailers to cancel […]
The Union Government is taking adequate steps to address the issues of lack of demand and uncontrolled imports in the textiles sector. This was informed by Union Textiles Secretary Rachna Shah in a press conference held in New Delhi. “We are monitoring surges in textile imports which will be addressed, while QCO on textile materials […]