International Apparel Federation (IAF), the global representative body of apparel manufacturers has organized for the first time in Asia a two-day seminar in Mumbai on September 27 and 28, 2016. The session started with a welcome address by the IAF president Rahul Mehta who is also the president of the Clothing Manufacturers’ Association of India (CMAI).
In his welcome address, Rahul Mehta highlighted the great potential India has to increase the market share in global apparel trade. He said China has started gradually reducing its focus on labour intensive industry which includes textiles and apparel which poses a great potential for India to take this as an opportunity and grab the place vacated by China.
Taking the existing relationship to the next level, India’s The Clothing Manufacturers’ Association of India (CMAI) signed a Memorandum of Understanding (MoU) with China Chamber of Commerce for import and Export of Textiles (CCCT) for extending co-operation to each other in terms of new business opportunities and exchange of trade and data related co-operation for mutual benefit.
The MoU was signed by Rahul Mehta, President IAF and CMAI and Jiang Hui representing India and China respectively. “This MoU will benefit both countries when we explore opportunities. While organizing trade fairs, both of us would co-operate in associating new clients, visitors and associated supply chain participants to the forum for the benefit of the apparel trade,” said Mehta.
“The MoU will benefit both countries’ apparel sectors in long run, said Mehta. The session was followed by the detailed presentation on India’s textiles industry the potential lies ahead by Wazir Advisors.