: Apparel manufacturing bodies ink cooperation pact #FinanceIndia #StockMarketNEWS Apparel manufacturing bodies ink cooperation pact New Delhi, July 18 (KNN) The Clothing Manufacturers Association

@StockMarketNEWS Sun 19 Jul, 2020

Posted in: #FinanceIndia #StockMarketNEWS

Apparel manufacturing bodies ink cooperation pact #FinanceIndia #StockMarketNEWS
Apparel manufacturing bodies ink cooperation pact New Delhi, July 18 (KNN) The Clothing Manufacturers Association of India (CMAI) has signed MoUs with three leading regional associations—Garment Exporters Association of Rajasthan (GEAR), West Bengal Hosiery Association (WBHA), and Apparel Manufacturers Society of Indore (AMSI)—to help broaden their reach and spheres of providing service to the Indian domestic garment industry.

As per the MoU, all the three associations will become affiliated to CMAI. The associations will also be represented in the National Coordination Committee of Associations of Domestic Garment Industry, which is being created by the CMAI so that the industry can speak in a cohesive, comprehensive, and united voice.

Welcoming the three associations as affiliates, Rahul Mehta, Chief Mentor, CMAI said, “It gives me great pleasure to see the signing of the MoUs, as it marks the culmination of efforts which have been on for the last several months. I would also like to thank and compliment the leadership of GEAR, WBHA and AMSI, for their foresight and initiative in partnering with CMAI. ”

CMAI president Rakesh Biyani said the move will lead to a substantial growth in the outreach of CMAI in these regions, and at the same time promote the activities of these associations all across India through CMAI’s offices and membership spread across the country.

GEAR is a 42-year-old association and currently has 275 members. Although it was initially formed to cater to the growing body of exporters of Rajasthan, particularly in Jaipur, GEAR’s membership has increasingly turned to the domestic market in addition to traditional exports. Today, close to 80 per cent of GEARs members are operating in the domestic sector directly or indirectly. "They are a progressive, forward-looking, and service-oriented association with ambitious plans for the future, and they will add tremendous value to CMAI members for any assistance required in Rajasthan," CMAI said in a statement.

WBHA is a 50-year-old association and has over 350 members, who are primarily involved in the manufacture of hosiery underwear garments, lingerie, and kids wear, catering largely to the domestic market.

"Some of India’s leading brands in lingerie and kids wear are based in Kolkata. WBHA is providing yeomen service to the industry members of West Bengal, and is one of the most important voices for the hosiery industry. They will be an important addition to the scope and spread of services to the CMAI membership," the statement said.

AMSI has close to 170 members, in both export and domestic sectors.