23 February 2024, Mumbai
After a triumphant venture in the MENA region, CMAI is set to unveil the 'Brands of India' at BharatTex 2024, hosted by the Consortium of Textile Export Promotion Councils, supported by the Ministry of Textiles.
Scheduled from February 26 to 29, 2024, the CMAI Brands of India pavilion will grace Hall 12A of Bharat Mandapam, New Delhi.
Weave your success story
BharatTex serves as a prestigious platform to showcase the prowess of the Indian Textile industry, spanning from fiber production to retail. In line with this mission, the 'Brands of India' pavilion by CMAI aims to showcase the caliber of Indian apparel brands to the international community.
The initiative will feature over 100 leading apparel brands, such as Arvind, Zodiac, Raymond, Killer, Fab India, Biba, and many more esteemed names. Rajesh Masand, President, says, the initiative sets a new standard for promoting Indian apparel brands globally.
Quotes
Rahul Mehta, Chief Mentor, CMAI, adds that, aligned with the Make in India and 'Atmanirbhar Bharat' movements, the Brands of India initiative marks a critical advancement in establishing a platform for Indian apparel brands to penetrate the global market.
Very much aligned to trade's global aspirations; A dedicated platform is vital, as we are pretty well integrated into global supply chains, elevating the global visibility of Indian apparel brands, despite their competitive pricing and adherence to international quality standards, he adds.
Nuanced data-points
On a trajectory of robust growth, the Indian textile and apparel sector is projected & aiming to expand to $ 387.3 billion by 2028, with a notable CAGR of 14.59 percent.
Contributing approximately 2 percent, or around $ 70 billion, to the GDP and employing 45 million people directly, the sector stands as a cornerstone of the Indian economy, second only to agriculture.
With an 8.0 percent share of the country's total exports and a 5 percent share of global trade for the sector in 2022–23, India ranks as the 5th largest exporter of textiles and apparel.
In FY23, the sector achieved a record export value of $35.58 billion, with RMG contributing $ 16.19 billion.
Spotlight shifts to India
"The Indian textile industry is in sweet-spot and industry's deep insights into the textiles eco-system, honed over the last several decades, offer us a unique vantage point."
