Success of CMAI FAB Show 2024 Beckons a Bright Future for India’s Textile & Apparel Industry

Mumbai, April 19, 2024: The Fabrics, Accessories & Beyond Show 2024 (FAB Show 2024), hosted by the Clothing Manufacturers Association of India (CMAI), wrapped up its 4th version on a profitable notice consequently boosting Textile trade sentiments with exceedingly excessive enterprise prospects. The three-day occasion, which happened from April 15 to April 17 on the Bombay Exhibition Centre, Mumbai, outperformed trade expectations with an estimated enterprise technology of greater than 2,100 crores.

The commerce present efficiently attracted 10,200 commerce guests from 320+ cities throughout India which included over 1,500 elite platinum consumers. Moreover, abroad consumers from 16 nations primarily Bangladesh, UAE, Bahrain, Egypt, Russia, Hong Kong, USA, Kenya, Sri Lanka and Nepal additionally visited the present. The presence of sourcing heads from famend manufacturers and retail majors like Aditya Birla Fashion & Retail, Bestseller, Gokaldas Exports, Kora, Mufti, Pepe Jeans, Reliance Brands, Shoppers Stop, Soch, Stori, Spykar, Westside and plenty of others additional boosted trade confidence thus reflecting the occasion’s significance as a prime sourcing platform.

Speaking concerning the success of FAB present, Rajesh Masand, President, CMAI expressed, “The influence of this grand sourcing occasion will resonate throughout the garment trade provide chain, promising not solely instant enterprise but additionally long-term strategic developments and new sourcing relationships for all stakeholders concerned. The exceptional success of this yr’s present displays a buoyant trade outlook, fuelling optimism for a strong restoration within the upcoming seasons. This resurgence comes at a essential time as our trade was careworn with tepid demand and up to date challenges just like the modification affecting MSME funds. With the optimistic momentum generated by the FAB Show, there may be a renewed confidence that the trade outlook will quickly be again on development path.”

This yr’s FAB Show was a point of interest for trade Innovation and Sustainability, showcased by over 200 home exhibitors, together with main names like Grasim, Arvind, Siyaram’s, Gokul Print, Jindal, Banswara Syntex, Ruby Mills, Bhagwan Enterprise other than many MSME’s. Noteworthy members from various sectors comparable to cloth suppliers, equipment producers, and software program builders demonstrated their newest choices and providers to a discerning viewers.

“FAB Show 2024 has set a new benchmark for success within the textile & attire trade, reflecting our dedication to driving development and sustainability,” stated Naveen Sainani, Chairman FAB Show, CMAI. The Sustainability zone was a main attraction on the truthful which showcased materials crafted from waste, recyclable supplies and educated about advantages of waste water administration selling innovation & circularity which is a cornerstone of CMAI’s holistic technique to interact, educate, and encourage the garment trade. He additional elaborated “Our surroundings is altering and if the world can’t keep away from deforestation, we have to put money into reforestation. On behalf of the 2876 guests who pledged to voluntarily change into earth warriors, CMAI will likely be planting 2876 tree saplings to create a more healthy surroundings, battle local weather change, and defend biodiversity”.

The Surat Pavilion organized by the Southern Gujarat Chamber of Commerce & Industry (SGCCI) showcased over 40 main cloth producers for the fourth consecutive version of FAB. One of the important thing causes for the recognition of the Surat pavilion amongst the guests is their means to current the newest traits and perceive the wants of the garment trade. Speaking concerning the present enterprise panorama, Siddharth Dhawan, Director, Gokul Tex Print – a main cloth producer from Surat, expressed, “We have seen a regular development over the past yr, which slowed down in the previous few months as a result of MSME cost modification that got here in. This yr, we’re assured that beginning June until December, indicators of development will change into evident as we ship the merchandise to producers, which they are going to present out there.” Another participant, Ritesh Patel, Director, Surbhi Textile Mills from Surat stated “We acquired a unprecedented response for all of our merchandise and the presence of consumers from all throughout the nation gave us a nice publicity. We are wanting ahead to take part within the subsequent CMAI present”.

Speaking about their enterprise outlook, Murugan Thenkondar, President – Marketing & Global Head – Business Development, Aditya Birla (Cellulosic Fibres) said “The export market is going through a lot of turbulence at present and our home market has been rising steadily which is the rationale we’re exhibiting right here. CMAI has been extremely profitable in presenting the textile worth chain to take part primarily in fabric manufacturing manufacturers, yarns, weavers, knitters, spinners and fibres thus providing a one-stop-destination to fulfill sourcing necessities. Distinguishing from different festivals, FAB is a wonderful annual platform for the home clients and we’re seeing a lot of optimistic vitality on the present”.

Sailesh Kukreja, Managing Director, Bhagwan Enterprise from Mumbai elatedly stated “We thank CMAI for implementing modern measures to make sure the presence of consumers from throughout the nation that made the truthful a thrilling success. The exhibition was nicely organized and the on-spot customer registration course of was very swift. The general publicity marketing campaign was very nicely designed and constantly created a buzz on social media. We sit up for taking part in all upcoming CMAI festivals and hope for a grander success”.

Speaking about Sustainability, J.P. Singh, Director, Ramtex – Parmeshwari Silk Mills from Ludhiana stated, “We are dedicated to Sustainability and have tailored eco-friendly processes to avoid wasting roughly 4 lakh litres of water every day. It is heartening to see that customers are getting extra environment-conscious by the day and are preferring eco-friendly materials comparable to ours. Our major markets have been Punjab, Haryana and Delhi; nevertheless, we now have began receiving elevated demand by our distributors from Mumbai, Pune, Hyderabad, Chennai, Bengaluru, Kolkata and Indore too.”

A fortunate draw contest was additionally held on all of the three days of the present whereby Rupees 10 lacs value of scooters, reward playing cards and vacation vouchers of main manufacturers have been handed out to guests and exhibitors.