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The Hindu
2 days ago
- Business
- The Hindu
Gem and jewellery, apparel exporters brace for ‘severe' impact of U.S. tariff
U.S. President Donald Trump's decision to levy a 25% tariff as well as secondary sanctions on exports from Indiafrom August 1 would have severe impact on India's gem and jewellery industry and also make Indian apparels up to 10% expensive than their competitors, the trade bodies said. Kirit Bhansali, Chairman, Gem & Jewellery Exports Promotion Council (GJEPC) said, 'If implemented, this move could have far-reaching repercussions across India's economy, disrupting critical supply chains, stalling exports, and threatening thousands of livelihoods.' 'The Indian gem and jewellery sector, in particular, stands to be severely impacted. The U.S. is our single largest market, accounting for over $10 billion in exports—nearly 30% of our industry's total global trade,' he said 'A blanket tariff of this magnitude will inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain — from small karigars to large manufacturers,' he said. He said such extreme measures undermine decades of economic cooperation and the U.S. administration must reconsider its decision. 'We call on both governments to engage in constructive dialogue that safeguards bilateral trade and protects the millions of jobs that depend on it on both sides,' he added. Commenting on the India-U.S. trade deal, Rahul Mehta — Chief Mentor, Clothing Manufacturers Association of India (CMAI), said, 'Whilst the announced levy of 25% does come into effect, it will indeed be a surprising twist to our expectations on the way the trade talks were proceeding.' 'However, having seen the several about turns on the tariff front in the case of other countries, I would not press panic buttons right now. But, if the proposed terms do come into effect, It will make our products 7% to 10% more expensive than some of our competitors, and it will certainly hurt our apparel exports to the U.S.,' he said. 'Fortunately, this set-back has come at the time when we have just signed an FTA with U.K., and proceeding rapidly with an FTA with EU. So, it is tough time, but not beyond our ability to face,' he added. Aditi Nayar, Chief Economist, ICRA, said the U.S. tariff will pose a headwind to India's GDP growth. 'When the U.S. had initially imposed tariffs, we had lowered our forecast of India's GDP expansion to 6.2% for FY26, presuming a tepid rise in exports and delay in private capex,' she said. 'The tariff (and penalty) now proposed by the US is higher than what we had anticipated, and is therefore likely to pose a headwind to India's GDP growth. The extent of the downside will depend on the size of the penalties imposed,' she added.
Fashion Value Chain
18-07-2025
- Business
- Fashion Value Chain
81st National Garment Fair Sees INR 2500 Cr Turnover
The 81st National Garment Fair (NGF), organised by the Clothing Manufacturers Association of India (CMAI), concluded its Women's and Men's Wear edition on a high note, registering a record business turnover of INR 2500 Crores. With over 50,000 buyers participating across both Kidswear (held earlier) and Women's & Men's segments, the NGF reaffirmed its position as India's largest apparel trade show. More than 800 menswear and womenswear brands, alongside 40+ accessories labels and 590 kidswear brands, showcased collections catering to India's evolving fashion landscape. Exhibitors reported strong pre-festive order bookings, signalling continued demand and buyer confidence. Santosh Katariya, President, CMAI, stated, 'The Indian apparel landscape is undergoing a significant transformation, shaped by a young, aspirational, and trendsetter consumer base… opening new opportunities for brands, designers, manufacturers and retailers.' Rohit Munjal, Vice President and Fair Sub-Committee Chairman, CMAI, commented, 'This edition reflected how trade events are helping brands to shape the Indian apparel market… the overall response has been very encouraging and satisfying.' Anand Chokshi, Joint Chairman, Fair Sub-Committee, CMAI, added, 'Tier-2 and Tier-3 cities are driving real growth beyond metros… Women's wear is embracing modern reinterpretations, while men's fashion is blending casual and traditional styles.' Top national retailers such as Sohum Shoppe (Guwahati), GV Mall (Khammam), Asopalav (Ahmedabad), Pakiza Retails (Indore), and B S Channabasappa & Sons (Karnataka) were among key attendees, underlining the fair's pan-India appeal. Exhibitor Testimonials: Radhika Jalan , Tandhan Fashion, Kolkata: 'This is our first time participating… really happy with the footfall and visibility.' Purvi Agarwal , Linen and Linens, Mumbai: 'Overwhelmed by the response… confident of a great experience.' Raghushree Poddar , REME Lifestyle, Jaipur: 'CMAI helped shape me into the 'REME lady' that I am today.' Naman Singhal , VANAM by SBS, Kolkata: 'Infrastructure, team, setup—brilliant. Outstanding customer walk-ins.' Vishesh Dadu , Dadu Apparels, Delhi: 'Phenomenal response… buyers here have a distinct taste.' Shriniwas Choudhary, Aditya Shirts, Mumbai: '21 years of growth at NGF… seeing buyers from new markets.' The NGF's biannual format continues to serve as a high-impact sourcing and networking platform, seamlessly connecting manufacturers, regional and national brands, and retailers with emerging digital-first and traditional buyers. As fashion becomes more conscious, hyper-local, and seasonless, CMAI's flagship trade fair remains pivotal in reflecting industry evolution, regional aspiration, and changing consumer narratives.
Fashion Value Chain
15-07-2025
- Business
- Fashion Value Chain
CMAI's 81st National Garment Fair Opens to Strong Buzz
The Clothing Manufacturers Association of India (CMAI) inaugurated its 81st National Garment Fair (NGF) – Women's and Men's Wear edition – with an enthusiastic response from the retail industry. Held from July 14–16 at the Bombay Exhibition Centre, the fair is a major sourcing platform, drawing more than 20,000 buyers and showcasing 800+ apparel brands and 40+ accessory labels across 37,000 sqm. Inaugurated by top retail leaders from across India, the event underlines CMAI's central role in uniting the garment ecosystem. Retailers like Mrunal Bankapur of BS Channabasappa & Sons and Kiran Vora of Asopalav praised NGF for consistently serving as a one-stop destination for product discovery and vendor networking. CMAI President Santosh Katariya highlighted the US$146 billion projected size of India's apparel market by 2029, driven by rising incomes, aspirational buying, and digital adoption. With stalls sold out early and a growing waitlist, this edition reflects booming demand in both men's and women's segments. Leaders like Rohit Munjal and Anand Chokshi noted how innovation, personalization, and sustainability are shaping next-gen Indian fashion. The fair is also witnessing greater interest from Tier-2 markets and buyers seeking culturally relevant yet modern collections. NGF remains a vital meeting ground for manufacturers, retailers, designers, and buyers — helping them decode trends and expand business opportunities before the festive season surge.
Fashion Value Chain
08-07-2025
- Business
- Fashion Value Chain
81st NGF to Host 820 Brands in Mumbai from July 14–16
The Clothing Manufacturers Association of India (CMAI) is set to host the 81st edition of the National Garment Fair (NGF), dedicated to Womenswear and Menswear, from July 14–16, 2025, at the Bombay Exhibition Centre, Mumbai. Bringing together 480 womenswear and 340 menswear brands, along with 40 accessories brands, the show will span over 36,000 sqm of exhibition space. This phase is expected to draw 20,000+ buyers from across India, offering a focused B2B platform ahead of the festive and wedding season. The NGF comes at a pivotal time as India's apparel sector navigates changing consumer preferences and rising demand for branded fashion in Tier II and III cities. Industry data cited by CMAI President Santosh Katariya projects menswear to grow from US$38B to US$58B and womenswear from US$36B to US$55B by 2029, driven by ethnic, casual, and western influences. Rohit Munjal, Vice President & Chairman of CMAI's Fair Sub-Committee, highlighted NGF's role in strengthening core apparel categories, which form over 75% of India's clothing market. The fair offers retailers an opportunity to discover emerging trends and forge meaningful partnerships. Anand Chokshi, Joint Chairman of the Fair Sub-Committee, emphasized menswear's evolution towards ethnic and casualwear, and womenswear's shift toward fusion fashion and occasion-specific choices, further accelerated by women leading household apparel decisions. Leading brands on display will include Double Bull, Dof, John Morris, Azzurro, Go Colors, Juniper, Diya Design Studio, and Four Buttons, among others. With a legacy of 80 successful editions, the NGF continues to reinforce its stature as India's definitive sourcing platform for apparel, empowering retailers, manufacturers, and designers with a curated and category-driven experience.
Time of India
03-07-2025
- Business
- Time of India
Surat gears up for CMAI conclave, Fashionova 2025
Surat: Surat — the country's largest man-made fabric (MMF) hub — is set to host an event for the garment industry: the CMAI Garment Conclave and Fashionova 2025. The event, scheduled for Saturday, is jointly organised by the Clothing Manufacturers Association of India (CMAI) – Gujarat Regional Office and the Institute of Design and Technology (IDT). Tired of too many ads? go ad free now This is the first time the national-level conclave will be held in Surat. The event aims to position the city as an emerging garment hub while offering a key platform to discuss industry-defining topics such as sustainability, artificial intelligence (AI), and the future of garment manufacturing. Gujarat govt officials will present policies and schemes designed to support the textile and apparel sector, while officials from SIDBI will discuss initiatives for MSMEs. Representatives from the Chhattisgarh govt will also attend, sharing their perspectives. Experts from the United Nations Industrial Development Organization (UNIDO) will lead sessions on sustainability. Additionally, a speaker from FYND, Bengaluru, will discuss the growing impact of AI in the garment sector. "This is a significant event as we chart Surat's journey toward becoming a garmenting hub. Despite being an MMF powerhouse, garmenting hasn't grown here due to various challenges. We cannot afford to miss this opportunity — or risk losing the existing textile business to centres more conducive to garmenting," said Ajoy Bhattacharya, regional chairman, CMAI.
