Search Result for : Clothing Manufacturers Association Of India Cmai

The Dollar Business Bureau CMAI Association of India (CMAI), which represents companies across ICT, telecom, and cyber security segments, said on Wednesday that the country needs separate laws and courts for digital payment issues together with an ‘appropriate legal framework’, as the digital payments witnessed a manifold growth after demonetisation. CMAI said there is a need for an appropriate legal framework to protect the consumers in case they lose their money in digital transactions. NK Goyal, President of CMAI, said, “As of now, India does not have appropriate laws in this regard. The only solution available is under the Information Technology (IT) Act 2000, which mainly deals with cyber thefts. All the cases of losing money during digital payments may not come under ...

The Dollar Business Bureau India, which is one of the largest producers of denim in the world, is expected to touch a market of Rs 54,600 crore by 2023, according to experts. The denim industry in India is currently worth Rs 30,000-crore and has been expanding at an annual rate of 15 per cent for the last five years. The conclusion was drawn during the 32nd International Apparel Fashion (IAF) Convention held in Mumbai, which was jointly organised by the Clothing Manufacturers' Association of India (CMAI) with support fromthe Union Ministry of Textiles and Union Ministry of Commerce. The two-day event also underlined that Bangladesh being a huge consumer of Indian-imported denims has paved way for Indian businesses to double their installed capacity denim ...

The Dollar Business Bureau The government’s recent initiatives to support India’s garment sector is expected to raise the country’s garment export to $20 billion during the current fiscal, said an industry official. Last week, the Cabinet had approved Rs.6000 crore for the textile and apparel sector with an aim to create one crore jobs in the sector and also to attract $11 billion investment. Clothing Manufacturers Association of India (CMAI) President Rahul Mehta said, “India's garment exports, estimated at $16.80 billion now, are expected to reach $20 billion during the current fiscal. The special package announced by the government will not only help in attracting large investments but also enhance production capacity.” Mehta also said the inclusion of the state-level taxes in calculation of the ...