Cir No. 21 / I -32 / 20
|Cir No. 21 / I -32 / 20||23rd June 2020|
TO ALL MEMBERS OF THE ASSOCIATION :
There is a growing sentiment against Imports from China in recent times, both at the Consumer as well as the Trade level. As an Industry, CMAI believes this presents us with an opportunity to try and enter into Segments/Product Categories till now dominated by Imports.
In the case of Apparels, the Imports are not hugely significant – below US$400 Million as of last year. Most of these are in Categories which are being manufactured in India, but not necessarily on the scale or at price points required.
The Indian Entrepreneurial skill in seizing opportunities is well known – the latest example being the Textile Industry’s phenomenal growth in the Personal Protective Equipment category. If we can move from Zero to the 2ndlargest Manufacturer in the World in a matter of Two months, surely, we can create capacities to substitute Apparel Imports in Categories we are already Manufacturing.
CMAI has compiled a comprehensive list of those Apparel Categories which are currently being Imported from China.
We hope this will provide a useful starting point to many of our Members who may want to take advantage of this opportunity.
All the best.