CLOTHING MANUFACTURERS ASSOCIATION OF INDIA CMAI UNION BUDGET 2025-26 INDIAN APPAREL SECTOR MSME SECTOR EMPLOYMENT GENERATION INTEREST SUBVENTION SECURED CREDITORS PLI SCHEME EXTENSION SECTION 43B(H) AMENDMENT DUTY-FREE IMPORTS BANGLADESH IMPOR
MUMBAI, MAHARASHTRA, INDIA
January 24, 2025 | 369 9 minutes read
The Clothing Manufacturers Association of India (CMAI), under the leadership of President Santosh Kataria, has submitted key recommendations for the Union Budget 2025-26 to support the Indian apparel sector. Highlighting its significant contribution to employment and the economy, particularly within the MSME sector, CMAI emphasizes the need for strategic policy interventions to address challenges and drive sustainable growth in this dynamic industry.
The Indian apparel sector is a dynamic and rapidly expanding industry, making a significant contribution to the economy and employment generation. The garment sector employs over 11 million people, predominantly in MSME sector, and serves as a vital source of employment, particularly for women and marginalized communities. Hence it is important to support this sector for its survival and growth in the challenging macro environment through appropriate policies. Accordingly, we have drafted a few recommendations explained below for your kind consideration for the Union budget 2025-26.