Message from President

From the President’s Desk

The GST Council has made an Announcement of change in the Duty Structure of Textiles and Apparel w.e.f from 1/1/2022, we are awaiting for the Detailed Notification to assess the exact effect of the Change in the prevailing Rate Structure.

 

Dear Friends,

The Vaccination Drive in the Country has picked up the required momentum. All Markets have opened up by now, barring the Big Malls in Mumbai, which also should open up within the next few Weeks.

Business in Retail is slowly and steadily picking up and the coming Festive Season seems promising as the Covid Cases across the Country are coming under control barring the State of Kerala though recovery at the moment looks encouraging across the Country. Everybody is cautious due to the possibility of the Third Wave of Pandemic. The Production at Factories have started to accelerate to meet the Demand for the Festive Season as post July Bookings in all Territories have been very Positive.

The GST Council has made an Announcement of change in the Duty Structure of Textiles and Apparel w.e.f from 1/1/2022, we are awaiting for the Detailed Notification to assess the exact effect of the Change in the prevailing Rate Structure.

We at CMAI , would continue our effort to persuade the Government to make 5% GST on the Entire Value Chain from Fibre to Apparel, as it will give a big boost to this Industry which is Employing close to 12 Million Workmen directly and 12 Million Workmen indirectly and the 12% GST Rate will directly effect this Employment.

The preparations for CMAI’S First Vendor Sourcing Fair (VSF) which is to be held on 24th & 25th November at Hotel Sahara Star in Mumbai is going on at full speed and all the Stalls have been fully Booked. VSF, is a Platform which will bring Brands/ Private Label Owners and Apparel Manufacturers together. VSF gives Apparel Manufacturers a chance to directly Interact and work with Sourcing Specialists from around the Country and the Buyer/ Private Labels/ Brands a chance to choose the Right Partner who will do everything to Meet their Expectations, Standardization, Values and bring Simplicity to the Process.

Wishing Everybody a Robust Festive Season Business ahead, which will bring a lot of Positivity in the Trade.

STAY SAFE.

With Warm Regards,

RAJESH MASAND

 

 

 

 

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