CMAI FAB Show 2023 Generates Rs. 2000 Crores Business Reflecting Optimism in the Indian Apparel Industry
Furthermore, the industry has been impacted with almost 50 rise in cotton yarn over two years, which saw garment manufacturers and retailers increasing prices by 15-20 leading to slowing down of demand in the unorganized sector, especially in tier-2 and tier-3 cities and towns, added Mr. Masand.Speaking about the apparel segment expectations, Venu Nair, Managing Director CEO, Shoppers Stop Ltd., said, We are expecting a strong growth in the apparel segment, on the back of our key strategic pillar of Private Brands, National Brands and Store Expansions.
Source: devdiscourse.com
