The Indian apparel industry, which was on a path to recovery since the beginning of this year, has being hit once more by the second COVID-19 wave. A survey conducted by the Clothing Manufacturers Association of India (CMAI). TO READ MORE: http://dealersforyou.com/categories/news/apparel/india-s-garment-industry-hit-hard-by-second-covid-wave-cmai
Domestic apparel manufactures, faced with the severity of the second wave of covid, are considering a reduction in workforce as they stare at a weak order pipeline, according to a survey conducted by the Clothing Manufacturers Association of India (CMAI) in the first week of May. TO READ MORE: https://www.livemint.com/economy/domestic-apparel-manufacturers-plan-job-cuts-as-second-wave-crushes-business-11620454753004.html
The Retailers Association of India has asked Finance Minister Nirmala Sitharaman to support retailers by extending the emergency credit line guarantee scheme and granting a six-month loan moratorium. As brick-and-mortar stores remain closed TO READ MORE: https://in.fashionnetwork.com/news/Rai-urges-finance-minister-to-grant-retailers-emergency-benefits,1298604.html
PRESS RELEASE CMAI SURVEY INDICATES DOMESTIC GARMENT INDUSTRY ONCE AGAIN IN MIDST OF A MASSIVE CRISIS – 77% MANUFACTURERS PLANNING TO REDUCE STAFF AND JOBS Majority of Manufacturers down to 25% of pre-covid sales72% of Manufacturers face more than 50% order CancellationsMay expected to be worse, normalcy not expected before DiwaliMore than 50% Workers go...
A demand surge than took off in 2020 looks set to continue as India enters a second season of pandemic-driven uncertainty, disruption and at-home fitness fixes. Just as athleisure, another fashion category that has registered huge demand. TO READ MORE:
Several leading brands have replaced upfront brand promotions to escalate Covid-19 protocols in advertising on their social media handles, driven by the need to post sensitive content at a time when the second wave of infections is raging across. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/major-brands-hit-pause-button-on-brand-activity/82284175
The apparel retail and manufacturing segment is staring at another round of job losses in the wake of the lockdowns imposed by several state governments to contain the rapid spread of the COVID-19 pandemic. “About 20-25 percent jobs were lost TO READ MORE: https://cutt.ly/kbxBqyt
Circulars Cir No. 10 / C-2 / 2021 Cir No. 10 / C-2 / 2021 04th May 2021 TO ALL MEMBERS OF THE ASSOCIATION: Dear Friends, You will recall that last year CMAI had conducted a series of Surveys amongst our Members and you all, to give us a sense of the State of the...
Thousands of apparel enterprises and manufacturers are forging the closure of their industries due to delayed orders. The manufacturers are in a dire state as several states opt for the makeshift shutdown of non-essential services. TO READ MORE:
Circulars Cir No. 09 / C-2 / 2021 Cir No. 09 / C-2 / 2021 02nd May 2021 TO ALL MEMBERS OF THE ASSOCIATION: Dear Sir, We would like to inform you that in view of the challenges faced by Taxpayers in meeting the Statutory and Regulatory Compliances under Goods & Services Tax (GST) Law...
