CMAI’s Apparel Index for January-March 2016 (Q4) indicates that the industry managed to clock in a moderate growth with an overall Index value of 3.79 points. Giant brands (with a turnover of above Rs 300 crore) and large Brands (with a turnover of above Rs 100 crore to Rs 300 crore) however, maintained their growth trajectory, even though their pace slowed down as compared to previous quarters.
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GST has struck the stumbling-block. Will it see the light of the day is the question on everyone’s lips! An ITJ exclusive report takes a hard look at the issues and various implications of this much-touted taxation initiative. GST, only a few months ago, it was a buzzword. With other pressing political issues and economic concerns, now decision-makers seem to be suffering from a temporary amnesia! The GST debate even has come to a standstill!
The overall proposed structure to revive rural consumption and rural development in the Budget is likely to give an indirect impetus to the textile industry.
CMAI?s Apparel Index for October-December 2015 (Q3) shows the industry has maintained moderate growth with an overall index value of 4.64 points. Giant and large brands have continued their growth trajectory; however, the pace has slowed down compared to previous quarters. But they stayed ahead of small and mid brands.
The number of digital buyers in India is expected to reach 41 million by the end of 2016, among which the rank of online buyers of apparels has been growing at a faster rate.
The Amended Technology Upgradation Fund Scheme (A-TUFS), which has come as a breather to the crisis-ridden textile industry, is expected to spur investment to the tune of $15 billion.
CMAI?s Apparel Index for the Second Quarter (July-Sept 2015) once again confirms that the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with higher sales turnover and lower inventory holding.