24, Jul 2024
79th National Garment Fair by CMAI in Mumbai Inaugurated by Seerna Rajamouli, of R S Brothers, South India’s leading Retail Group

Mumbai, July 24, 2024: The 79th National Garment Fair (NGF) 2024 organised by the Clothing Manufacturers Association of India (CMAI), was inaugurated by Seerna Rajamouli of R S Brothers, South India’s leading Retail Group on 23rd July in the august presence of industry leaders, apparel manufacturers, retailers, distributors and other industry members at the Bombay Exhibition Centre, Goregaon and Jio World Convention Centre, BKC.

79th NGF is showcasing more than 1300 apparel brands within an expansive 1 million square feet of exhibition space spread across two venues – Men’s Wear, Women’s Wear and Accessories at the Bombay Exhibition Centre, Goregaon, and Kids Wear at the Jio Convention Centre, BKC over the next four days from 23rd to 26th July 2024 featuring a diverse range for collections for the largest assembly of retailers and distributors from across India.

Seerna Rajamouli inaugurates the 79th National Garment Fair by CMAI in Mumbai. featuring Kids Wear at Jio Convention and Men’s & Women’s Wear at Bombay Exhibition Centre NESCO. (3)

CMAI dignitaries present at the inauguration included, Rajesh Masand – President, Rohit Munjal -Vice President & Chairman-NGF, Santosh Katariya – Hon. General Secretary, Ankur Gadia – Hon. Treasurer, Anand Choksi, Jt. Chairman-NGF and Rahul Mehta, Chief Mentor among other office bearers and managing committee members.

Speaking about the domestic apparel market, Rajesh Masand, President, Clothing Manufacturers Association of India (CMAI), said, “The apparel industry is optimistic about the upcoming festive season. Along with showcasing the vibrant and diverse offerings of apparel brands, the National Garment Fair highlights the industry’s resilience after a tepid demand since last two years. This NGF provides an unparalleled platform for brands and manufacturers to showcase their latest collections and innovations. As the country gears up for a season of celebration, NGF serves as a crucial hub for retailers and buyers to source the finest apparel, ensuring that end consumers have access to a wide range of stylish options.”

Speaking at the inauguration, Seerna Rajamouli, R S Brothers said, “The fashion industry is at a fascinating intersection of form and function. The consumers need clothing, true, but there is also a deeply psychological aspect to the clothes they wear and the ways the apparel industry influences consumers to purchase their brand over. We are amazed with the positive energy at the fair and impressed to see vast variety of collections that is on display at both the fair venues. Indeed, its the perfect sourcing platform for our buying teams who are present here.”

About the business prospects at NGF, Rohit Munjal, Vice President & Chairman-NGF, Clothing Manufacturers Association of India (CMAI) said, “The 79th National Garment Fair is a testament to our commitment to present innovation, fashion and trends which foster connections in the apparel industry. Trade visitors will have the opportunity to explore collections from over 1300 brands across Men’s Wear, Women’s Wear, Kids Wear, and Accessories. We look forward to a successful event that continues to drive growth and opportunity.”

Rahul Mehta, Chief Mentor, Clothing Manufacturers Association of India (CMAI), expressed, “Looking ahead to the upcoming festive season, all stakeholders present here anticipate growth in both volume and profits. The initial response has been buoyant and we are optimistic about a successful festive quarter for the apparel industry.”

The National Garment Fair (NGF) by CMAI has successfully delivered 78 editions previously and stands as the premier trade fair in the Indian apparel industry. This biannual show serves as a key platform, bringing together national and regional brands, manufacturers, designers, and fashion accessories producers with retailers, agents, distributors, and e-commerce companies. Renowned for its prestige and effectiveness, the NGF offers a comprehensive sourcing platform that optimises both time and cost efficiency.

The domestic apparel market is projected to reach USD 105.50 billion in 2024 with an anticipated annual growth rate of 3.81% from 2024 to 2028.

About CMAI

The Clothing Manufacturers Association of India (CMAI) is the most representative association of the Indian apparel industry having over 5000 members and serving more than 25,000 Retailers. Its Membership consists of Manufacturers, Exporters, Brands, and ancillary industry.

CMAI advocates regarding policies and also guides and encourages its members on ESG related matters and initiatives. In 2019, CMAI launched the SU.RE initiative to encourage members to embrace sustainability.

Established sixty one years ago, CMAI has contributed immensely towards development of the industry. In 1978, CMAI had led the creation of the Apparel Export Promotion Council (AEPC). CMAI is also authorised by the Government of India to issue Certificate of Origin (Non-Preferential) to Exporters.

CMAI is the only Indian Association that represents the entire Indian Apparel Industry & Trade on prestigious international forums such as International Apparel Federation (IAF) headquartered in Netherlands.

Visit: www.cmai.in | Follow Twitter: @CMAI_Official

19, Jun 2024
2nd NIGF 2024 by CMAI Concludes with Overwhelming Success, Signalling a Promising Festive Season for the Garment Industry

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New Delhi: The 2nd North India Garment Fair (NIGF 2024), organized by the Clothing Manufacturers Association of India (CMAI), concluded on a high note at the Yashobhoomi Convention Centre (IICC) in Dwarka, New Delhi. The fair held from June 11-13, 2024, saw an impressive turnout of more than 200 exhibitors and over 5450 trade visitors, indicating strong positive sentiments for the upcoming festive season.

NIGF is an effective platform for manufacturers from across the country to connect with retailers, distributors, and agents from Northern India, while retailers can benefit from discovering new suppliers and brands from across India under one roof.

During the fair, a business networking session on the second day was very well received, with more than 65 exhibitors availed the opportunity to have one-on-one meetings with 22 leading agents and distributors who were invited from across India. Exhibitors were able to present their collections to potential agents and distributors from different regions.

Reflecting on the success of the event, Rajesh Masand, President of CMAI, stated, “The overwhelming response to NIGF 2024 is a testament to the strength and potential of the Indian garment industry. The fair not only provided a platform for manufacturers and North region buyers to connect but also highlighted the industry’s readiness for the upcoming festive season. We are confident that this event will help to stabilise the business and pave the way for a remarkable growth in the current year.”

Santosh Katariya, Chairman of NIGF, added, “Apart from the buyer seller meetings, the key highlight of NIGF was the business networking session which offered an invaluable opportunity for exhibitors to connect with top agents and distributors from across India. The session significantly enhanced and widened the reach of the retail industry to get introduced to new suppliers, discover latest brands and refresh their merchandise. NIGF 2024 witnessed a significant turnout from leading retailers and distributors from Punjab, Haryana, Himachal Pradesh, Rajasthan, Gujarat, West Bengal amongst others.”

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NIGF 2024 showcased exhibitors from Mumbai, New Delhi, Bangalore, Jaipur, Kolkata, Surat, Ahmedabad, Ludhiana, Noida besides other cities. Few key exhibitors included names like J.D. Enterprise (Ahmedabad) – Naughty Boy / Ellgon, Lekhus Collections, (New Delhi), Maa Garments (Mumbai) – Aisha, Manjot Trading Co (Ludhiana) – Boyce, Pocket Money Fashion (Indore) – Pocket Money, Junior Rocks, Little Ducks, Bafna Clothing Company (Bengaluru) – Cool Colors, Menzstyl Creation (New Delhi) – Club Merino, N M Fashion Designs (Mumbai) – Kora, NRB Alliance (Surat), Sparrow Classic Trends (New Delhi) – Classic / Kid Classic,

Swayam Industries (Ludhiana) – Pro Riders, Zonac Knitting Machines (Noida) -Bonjour, Aman Lifestyle (Mumbai) – Scakhi, Artview Merchants (Kolkata) – Minu, Bodycare Creations (Noida), Cheer Sagar (Jaipur), Devi Designs (Kolkata), G T Fashion (New Delhi) – Meenavati, Knit Tech India (Ludhiana) – Knit Studio, Maam Arts (Jaipur) – Aadews, Multi Brand Exports (New Delhi) – Arunvarun The Fashion Studio, Europe One (Surat) – Rewaa, Sagar Design Fab (Jaipur) and Sky Fashion (Mumbai) amongst many others.

Some of the large retailers who visited the fair included Aristocrat Garments (Ludhiana, Punjab), Paul Garments (New Delhi), Bindals Group (New Delhi & UP), Bachoomal Collection (UP), Stanmax (New Delhi), Suvidha Stores (Karnal, Haryana), Yougal Sons (Jammu & Punjab) and many others.

Exhibitor at NIGF 2024, Arun Sharma, 2nd Generation of Multi Brand Exports – Arunvarun, New Delhi said, “We have been members of CMAI for more than five years and are delighted to have participated in NIGF 2024 as it’s a great platform to meet the buyers. The footfall has been amazing and we have been able to connect with many new buyers. In such trade shows, buyers come to directly discover brands. The success here has encouraged us to participate in other CMAI shows like the upcoming NGF in Mumbai and the Brands of India Show in Dubai.”

Exhibitor at NIGF 2024, Arshdeep Singh Dua, Knit Tech India, Ludhiana, expressed “The footfalls at NIGF 2024 have been better as compared to the previous year. We are positive about the upcoming season as buyers are looking for creativity in styling.”

NIGF 2024 was inaugurated by notable retailers and featured a diverse range of menswear, womenswear, and kidswear, providing exhibitors with extensive networking opportunities to foster connections with buyers from across India and top-tier industry leaders. Key dignitaries from CMAI present at the inaugural ceremony included Rajesh Masand (President), Rohit Munjal (Vice President), Santosh Katariya (Chairman of NIGF), Rahul Mehta (Chief Mentor), and Pankaj Jain (Hon. Secretary – North), amongst other office bearers.

The success of NIGF 2024 highlights the importance of trade shows in gauging industry sentiments and expectations. As the industry looks forward to a prosperous festive season, events like NIGF serve as crucial indicators of market trends and business opportunities.

About CMAI

The Clothing Manufacturers Association of India (CMAI) is the most representative association of the Indian apparel industry having over 5000 members and serving more than 25,000 Retailers. Its Membership consists of Manufacturers, Exporters, Brands, and ancillary industry.

CMAI advocates regarding policies and also guides and encourages its members on ESG-related matters and initiatives. In 2019, CMAI launched the SU.RE initiative to encourage members to embrace sustainability.

11, Jun 2024
The 2nd North India Garment Fair (NIGF 2024) by CMAI Commences; Brings Together 200+ Exhibitors and Expected to attract about 7000 Trade Visitors

CMAI Dignitaries and Leading Retailers inaugurates 2nd edition of NIGF 2024 - IMG 2

New Delhi, June 11, 2024: The 2nd North India Garment Fair (NIGF 2024) organised by the Clothing Manufacturers Association of India (CMAI) commenced on Jun 11 till June 13, 2024, at the Yashobhoomi Convention Centre (IICC), Dwarka, New Delhi. NIGF 2024 features over 200 exhibitors showcasing a diverse array of menswear, womenswear, and kidswear.

The inauguration ceremony was graced by leading North India retailers, including Manik Jain & Sahil Jain of Aristocrat Garments, Bharat Bhushan Taneja of Paul Garments, R D Gupta of Bindals Group, Ranjit Surana of Bachoomal Collection, Sanjeev Garg of Stanmax, Mohinder Chaudhary and Saurabh Chaudhary of Suvidha Stores, Tarun Langer & Chander Shekhar Mahajan of Yougal Sons as Guests of Honour. Key dignitaries from CMAI present at the Inaugural included Rajesh Masand – President; Rohit Munjal – Vice President; Santosh Kataria, Chairman – NIGF; Rahul Mehta – Chief Mentor and Pankaj Jain – Hon. Secretary – North and other office bearers of CMAI.

CMAI Dignitaries and Leading Retailers inaugurates 2nd edition of NIGF 2024 - IMG 3

Rajesh Masand, President, CMAI, expressed, “The Domestic Garment industry in India is poised for significant growth, driven by the country’s dynamic demographic and economic potential. NIGF 2024 is a testament to CMAI’s commitment to supporting MSMEs and enhancing the garment trade in North India. The upcoming festival season is a crucial period for the Garment industry and hence NIGF 2024 plays a pivotal role in connecting manufacturers with thousands of buyers ensuring they are well-prepared to meet market demands”.

At the Inauguration, Santosh Katariya, Chairman said, “NIGF 2024 has fast developed as a successful platform for Manufacturers from across the country. It offers North India’s Retail industry a fantastic opportunity to meet new Suppliers, new Brands and refresh their merchandise for customers from across India. For the benefit of Exhibitors, we have also organized a Business Networking Session tomorrow with leading Agents & Distributors from pan India”.

NIGF 2024 features a diverse array of garment manufacturers, with over 95% representing MSMEs from various parts of India, including key hubs like Mumbai, Surat, Jaipur, Bengaluru, Indore, Ludhiana, Uttar Pradesh, and the Delhi-NCR region. Retailers from across the country have pre-registered to visit the fair and expected to attend the fair.

19, Apr 2024
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 edition on a successful note consequently boosting Textile industry sentiments with exceedingly high business prospects. The three-day event, which took place from April 15 to April 17 at the Bombay Exhibition Centre, Mumbai, outperformed industry expectations with an estimated business generation of more than 2,100 crores.

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The trade show successfully attracted 10,200 trade visitors from 320+ cities across India which included over 1,500 elite platinum buyers. Moreover, overseas buyers from 16 countries mainly Bangladesh, UAE, Bahrain, Egypt, Russia, Hong Kong, USA, Kenya, Sri Lanka and Nepal also visited the show. The presence of sourcing heads from renowned brands and retail majors like Aditya Birla Fashion & Retail, Bestseller, Gokaldas Exports, Kora, Mufti, Pepe Jeans, Reliance Brands, Shoppers Stop, Soch, Stori, Spykar, Westside and many others further boosted industry confidence thus reflecting the event’s importance as a prime sourcing platform.

Speaking about the success of FAB show, Rajesh Masand, President, CMAI expressed, “The impact of this grand sourcing event will resonate across the garment industry supply chain, promising not only immediate business but also long-term strategic developments and new sourcing relationships for all stakeholders involved. The remarkable success of this year’s show reflects a buoyant industry outlook, fuelling optimism for a robust recovery in the upcoming seasons. This resurgence comes at a crucial time as our industry was stressed with tepid demand and recent challenges like the amendment affecting MSME payments. With the positive momentum generated by the FAB Show, there is a renewed confidence that the industry outlook will soon be back on growth path.”

This year’s FAB Show was a focal point for industry Innovation and Sustainability, showcased by over 200 domestic exhibitors, including major names like Grasim, Arvind, Siyaram’s, Gokul Print, Jindal, Banswara Syntex, Ruby Mills, Bhagwan Enterprise apart from many MSME’s. Noteworthy participants from diverse sectors such as fabric suppliers, accessories manufacturers, and software developers demonstrated their latest offerings and services to a discerning audience.

“FAB Show 2024 has set a new benchmark for success in the textile & apparel industry, reflecting our commitment to driving growth and sustainability,” said Naveen Sainani, Chairman FAB Show, CMAI. The Sustainability zone was a major attraction at the fair which showcased fabrics crafted from waste, recyclable materials and educated about benefits of waste water management promoting innovation & circularity which is a cornerstone of CMAI’s holistic strategy to engage, educate, and inspire the garment industry. He further elaborated “Our environment is changing and if the world can’t avoid deforestation, we need to invest in reforestation. On behalf of the 2876 visitors who pledged to voluntarily become earth warriors, CMAI will be planting 2876 tree saplings to create a healthier environment, fight climate change, and protect biodiversity”.

The Surat Pavilion organized by the Southern Gujarat Chamber of Commerce & Industry (SGCCI) showcased over 40 leading fabric manufacturers for the fourth consecutive edition of FAB. One of the key reasons for the popularity of the Surat pavilion amongst the visitors is their ability to present the latest trends and understand the needs of the garment industry. Speaking about the current business landscape, Siddharth Dhawan, Director, Gokul Tex Print – a leading fabric manufacturer from Surat, expressed, “We have seen a steady growth over the last year, which slowed down in the last few months due to the MSME payment amendment that came in. This year, we are confident that starting June till December, signs of growth will become evident as we deliver the merchandise to manufacturers, which they will provide in the market.” Another participant, Ritesh Patel, Director, Surbhi Textile Mills from Surat said “We received an extraordinary response for all of our products and the presence of buyers from all across the country gave us a great exposure. We are looking forward to participate in the next CMAI show”.

Speaking about their business outlook, Murugan Thenkondar, President – Marketing & Global Head – Business Development, Aditya Birla (Cellulosic Fibres) stated “The export market is facing a lot of turbulence currently and our domestic market has been growing steadily which is the reason we are exhibiting here. CMAI has been highly successful in presenting the textile value chain to participate mainly in cloth manufacturing brands, yarns, weavers, knitters, spinners and fibres thus offering a one-stop-destination to meet sourcing requirements. Distinguishing from other fairs, FAB is an excellent annual platform for the domestic customers and we are seeing a lot of positive energy at the show”.

Sailesh Kukreja, Managing Director, Bhagwan Enterprise from Mumbai elatedly said “We thank CMAI for implementing innovative measures to ensure the presence of buyers from across the country that made the fair a thrilling success. The exhibition was well organized and the on-spot visitor registration process was very swift. The overall publicity campaign was very well designed and consistently created a buzz on social media. We look forward to participating in all upcoming CMAI fairs and hope for a grander success”.

Speaking about Sustainability, J.P. Singh, Director, Ramtex – Parmeshwari Silk Mills from Ludhiana said, “We are committed to Sustainability and have adapted eco-friendly processes to save approximately four lakh litres of water daily. It is heartening to see that consumers are getting more environment-conscious by the day and are preferring eco-friendly fabrics such as ours. Our main markets have been Punjab, Haryana and Delhi; however, we have started receiving increased demand through our distributors from Mumbai, Pune, Hyderabad, Chennai, Bengaluru, Kolkata and Indore too.”

A lucky draw contest was also held on all the three days of the show wherein Rupees 10 lacs worth of scooters, gift cards and holiday vouchers of leading brands were handed out to visitors and exhibitors.

12, Apr 2024
CMAI’s FAB Show 2024 will boost sentiments for India’s Apparel Industry

Mumbai, April 12, 2024: The Clothing Manufacturers Association of India (CMAI) is thrilled to host the much-anticipated 4th edition of Fabrics Accessories & Beyond Show 2024 (FAB Show) from April 15th to 17th, 2024, at the Bombay Exhibition Centre (NESCO) in Mumbai.

FAB Show has already become the largest Fair showcasing the entire Supply Chain to the country’s Apparel Manufacturers. Over 200 Fabric Suppliers from different parts of the country, along with leading Accessories Manufacturers, Machinery Suppliers, Real Estate Developers, and Software Developers display their offerings and services to more than 10,000 Brands, Manufacturers, Retailers, and Exporters who visit the show.

FAB Show 2024 presents unparalleled opportunities for industry stakeholders to engage, network, and explore the latest innovations in the textile manufacturing industry. Anticipated to attract more than 1500 top platinum buyers, and more than 10,000 trade visitors, which includes domestic and international buyers from the USA, Bangladesh, UAE, Bahrain, Egypt, Russia, Hong Kong, Kenya, Sri Lanka, Nepal, and others. At the show, the industry can witness an innovative zone made through recyclable materials to educate and raise awareness for Sustainability which is a cornerstone of CMAI’s holistic strategy to engage, educate, and inspire the Garment industry.

Rajesh Masand, President, CMAI, said “The FAB show exemplifies the vibrancy and optimism of the Indian Apparel industry, aligning with the ‘Make in India’ initiative. The last edition of the fair had facilitated over Rs. 2500 crores of business for participants in three days, showcasing its role as a catalyst for trade and partnerships within the textile manufacturing sector. The FAB Show serves as a platform for promoting Sustainability, Technological advancements, and adapting to changing Consumer preferences, shaping the industry’s Future.”

Speaking about the fair, Naveen Sainani, Chairman FAB sub-committee said “In the pulsating landscape of textiles in India, an evolution is underway, marked by a shift towards Sustainability and eco-conscious initiatives. Through FAB show, CMAI paves the way for a future where Sustainability is not just a choice but a fundamental aspect of all business operations, reflecting our vision for a greener and more resilient world. CMAI heralds a sustainable future where brands can redefine success by leaving a positive impact on both consumers and the environment. It’s an era for harmonious blend of innovation, conscious consumerism, and brand responsibility, signalling a promising era where Sustainability becomes synonymous with the essence of Indian brands.”

Among the esteemed list of participating companies are Grasim, Arvind, Siyaram’s, Banswara, Ruby Mills, Jindal, Gokul and many others. The expected visitors, includes over 4000 primary CMAI members mainly Garment manufacturers, Brand owners, and e-commerce platforms, underline the FAB Show’s importance as a premier gathering for the Fashion and Apparel industry highlighting its significance as a key platform for their sourcing requirements.

2, Feb 2024
78th National Garment Fair by CMAI Sets tone for Apparel Industry Outlook in FY25

Mumbai, February 2, 2024: The National Garment Fair (NGF 2024) Spring-Summer Edit, organised by the Clothing Manufacturers Association of India (CMAI) in Mumbai, unfolded over three days from January 29 to 31, 2024. The event drew an impressive crowd of close to 18,000 visitors including national and regional retailers, distributors, and wholesalers. The robust business activities and bookings recorded during NGF 2024 clearly mirror the positive momentum in retail sales anticipated for the upcoming Spring-Summer season.

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Encompassing an expansive 700,000 sq. ft. across seven halls, the Spring-Summer Edit of the National Garment Fair 2024 (NGF 2024) took place at the Bombay Exhibition NESCO Complex in Goregaon East. With over 1025 participants showcasing more than 1,120 brands across Women’s wear, Men’s wear, Kids wear, and Accessories.

Speaking about the domestic garment industry, Mr. Rajesh Masand, President, Clothing Manufacturers Association of India (CMAI), said, “The revival of the apparel industry post-pandemic has been less than robust, with retailers contending with a substantial backlog of inventory. The predominant driver of retail sales growth of apparels in the past year has been the result of both stores and network expansions. Although it is difficult to estimate the business conducted during the Fair, our interaction with the Exhibitors indicated most of them were more than satisfied with the enquires/orders received, serving as a positive indicator of the industry’s gradual progress towards normalisation in H1FY2025.”

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Speaking about the NGF 2023, Mr. Rohit Munjal, Vice President and Chairman of the Fair Committee, Clothing Manufacturers Association of India (CMAI) said, “The success of the 78th National Garment Fair stands as a promising indication of its significance. Distinguished retailers and distributors from across the country graced NGF 2024. The sustained vitality of NGF can be credited to the steadfast support and proactive engagement of both brands and retailers. Their persistent involvement has played a pivotal role in elevating the fair’s influence and ensuring its ongoing success.”

Speaking about the present outlook of the domestic garment industry, Mr. Rahul Mehta, Chief Mentor, Clothing Manufacturers Association of India (CMAI), said, “The notable expansion of major retailers and brands into Tier 2 and 3 markets in the past year has played a substantial role in driving the retail sales growth within the apparel segment. Anticipating a shift from the initial trend of consumer “revenge-shopping” immediately post-pandemic, we saw a transition to a restrained shopping behavior last year. This year, there is an anticipation of consumers refreshing their wardrobes, signaling a return to normalcy in shopping patterns.”

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Furthermore, the prestigious CMAI Apparel magazine was relaunched during NGF 2024 with a far Special edition. The Apparel magazine is not only resuming publication but is undergoing a significant upgrade as a quarterly edition, which will provide more exclusive content, in-depth features, and exciting apparel trends. The new avatar of the magazine boasts of careful curation and enhancement of content, promising a better reading experience with fresh perspectives from industry experts, insightful interviews, and stunning visuals. This transition aims to celebrate the world of apparel with captivating stories.

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Recognised as the largest and most awaited bi-annual trade fair of the Indian Apparel Industry, the National Garment Fair by CMAI serves as a vital platform for connecting National and Regional Brands, Manufacturers, Designers, and Fashion Accessories manufacturers with Retailers, Agents, Distributors, and E-commerce Companies. This biannual event holds significant prestige in the industry and is widely regarded as India’s foremost trade fair, offering a comprehensive sourcing platform that maximizes both time and cost efficiency for all stakeholders involved.

2, Feb 2024
CMAI Welcomes Continuation Of RoSCTL Scheme

CMAI welcomed the decision by the Union Cabinet to extend the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for export of Apparel/Garments and Made ups upto 31st March 2026.

CMAI President, Rajesh Masand, thanked the Government and in particular, the Ministry Of Textiles saying that the “Continuation of Scheme for proposed duration of two (2) years will provide predictability and stability which is essential for long term trade planning, more so in the textiles sector where orders can be placed in advance for long term delivery.”

“The RoSCTL Scheme is in line with the universally accepted principle of International Trade that taxes and duties should not be exported, to enable a level playing field in the international market for exports” he added.