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1 crore job cuts likely in textile industry: CMAI
There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)..
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Apparel sector could take a hit of Rs 1 lakh cr: CMAI
The Indian apparel industry could take a hit of almost Rs 1 lakh crore due to the lockdown to contain the Covid-19 outbreak and a significant slowdown is expected in economic growth once the lockdown ends, according to a survey by CMAI.
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Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Covid-19, Textile Industry, Clothing Manufacturers Association Of India, Cotton, Yarn, Synthetic Textiles, Indian Synthetic Value Chain, Purified Tephthalic Acid, CMAI, Northern India Textile Mills Association, Sanjay Garg, Southern India Mills Association, Textiles And Clothing Industry, Cotton Textile Export Promotion Council, TEXPROCIL
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Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
Coronavirus Disease, COVID-19, Textile Industry, India Economic Growth, Niti Aayog, Economic Advisory Council, Finance Ministry, CMAI, CARE Ratings’ Report, GDP, Apparel Industry, Cotton Yarn, Chinese Textile, Purified Tephthalic Acid, NITMA
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Rahul Mehta re-elected as CMAI President
Immediately after the AGM, the 1st Meeting of the Managing Committee was held to Appoint the President of the Association for the next two years.
Rahul Mehta, CMAI, Rakesh Biyani, Future Group, Rajesh Masand, Gambit Clothing Pvt Ltd, Babubhai Ayar, Challenge Enterprises, Jayesh Shah, Ankur Gadia, Ashok Shah, Jeaneration Clothing Pvt Ltd, Kaytee Corporation Pvt Ltd, Premal Udani
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Rahul Mehta re-elected as CMAI President
At the 55th Annual General Meeting of The Clothing Manufacturers Association of India (CMAI), which was held very recently in Mumbai, Rahul Mehta was reelected as President
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GST Plus Outweighs Minus!
The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.
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