January 2020 Edition Apparel January 2020 issue | Page 18

MARKET WATCH
The Clothing Manufacturers Association of India
will hold its 70th National Garment Fair in Mumbai
from January 29 to 30 at the Bombay Exhibition
and Convention Centre and expects over 510
exhibitors.
CMAI’s upcoming garment trade show will
feature around 650 brands, the event announced
on Facebook. The trade show aims to facilitate
networking between businesses to allow garment
manufacturers to expand their distribution
networks and covers product categories including
womenswear, menswear, and children’s wear, as
well as accessories. The trade show will feature
both Western and traditional wear for domestic
and international retail.
The event’s 69th edition took place at the
Bombay Exhibition and Convention Centre in July
and welcomed 882 exhibitors, which showcased
1,062 brands. The trade show was India’s
largest-ever garment fair held so far.
Excerpted from Fashion Network
CMAI to Hold 70th
National Garment Fair
in Mumbai
India Plans to Take Khadi
Turnover to R2 Trillion in
Five Years
India plans to take khadi and village industries’
turnover to R2 trillion in the next five years from
R75,000 crore at present, the minister for micro,
small and medium industries (MSME) Nitin
Gadakri said recently. He urged the industry to
expand its share in global trade to about 10 per
cent in the wake of China facing rising costs
and difficulties.
He was addressing the 92nd annual
convention of the Federation of Indian Chambers
of Commerce and Industry (FICCI).
He said the infrastructure and MSME sectors
have the potential to help India turn to a R5-trillion
economy, according to an official release.
“China has a good record in trade business
and accounts for 17 per cent of the global
exports. Our share is barely 2.6 per cent. We
have an opportunity to take it to 8 to 10 percent
especially when China is facing difficulties at
present besides increase in costs. We should eye
at increasing our share,” he said.
Excerpted from Fashion Network
Monte Carlo Aims for 20 Per Cent Growth in Next Three Years
Monte Carlo expects to achieve a compound annual growth rate of 20% in the coming three years thanks to retail
expansion, as the apparel brand reaps the benefits of India’s increasingly ‘organised’ apparel market.
Monte Carlo, which retails menswear, womenswear, and ‘tween wear’, has ambitious growth plans for the coming
three years, the company's executive director, Sandeep Jain, told DFU Publications. The brand opened 14 new brick-
and-mortar stores in the July to September quarter, and aims to continue its fast-pace retail expansion into the new year.
The brand has also expanded into the athleisure market, a fast-growing segment.
Excerpted from Fashion Network
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I APPAREL I
January 2020