The National Garment Fair organized by the Clothing Manufacturers Association of India (CMAI) was inaugurated by chief guest Kishore Biyani, Group CEO – Future Group at Bombay Exhibition Centre, NSE Complex, Goregaon (East), Mumbai. The fair is on in from July 16 to 19. This B2B fair is spread over 6,50,000 sq ft. There are 916 exhibitors in 986 stalls displaying 1087 brands in men’s wear, women’s wear, children’s wear and accessories.
Business networking sessions between exhibitors and agents and distributors, high street retailers, national chain stores and e-commerce companies would also continue this year. This year CMAI is also Celebrating 25 years of Association with Bombay Exhibition Centre. As per Rahul Mehta, President, MAI, India’s domestic apparel market was estimated at $67 billion in 2017 and had grown at a CAGR of 10 per cent since 2005. The market had performed better than the largest consumption regions like US, EU and Japan, where depressed economic conditions led to lower demand and growth. With strong fundamentals, the apparel market is expected to grow at 11-12 per cent CAGR and touch $160 billion by 2025.
