President's Desk

Dear Friends,

Just as the Industry was beginning to accept the inevitability of being swamped by the E-commerce juggernaut backed by unfair preferential rules (or rules not being enforced), the Government has, in a stunning turnaround, announced some major policy measures which can be a game changer in today’s turbulent times.

Whilst there could be, as usual, many a devil in the fine print, what the recent policy announcement means in essence is that Marketplace E-commerce Companies cannot buy from companies in which they have invested. If implemented in full, what this does is to knock the bottom out of the rampant discounting that e-commerce companies typically indulge in. It will also put an end to their efforts to enter offline retail by buying into Brands or Retailers who have an offline presence.

These are long-term decisions and will have far-reaching implications on the future of E-commerce in India.

Of course, it is not clear yet if these measures will actually be implemented, or in its entirety. Counter pressure is already being mounted in a huge way, and the PR machines have moved with alacrity. The ‘Ease of doing Business’ bogey has been raised with full vigour, as is ‘how could Government take such crucial decisions without consulting stakeholders’. Of course, there is some merit in this, but at least for the time being, it seems that the pains of the small traders have been taken into consideration. It is going to be an exciting time in the coming months!

Equally exciting — at least for the Apparel Industry — are the dropping temperatures across the Country. Many markets are seeing winter after several years, and sales of winter wear are booming. And the wise men of the Industry, who panicked and went on to the EOSS as early as mid-December, may well be ruing their loss of patience.

The July Editions of CMAI’s NGFs have established their standing for years now, but the January Editions have been much smaller events. It is with great pride and pleasure therefore that I can say the Participation in the 68th NGF, to be held on 30th and 31st January, has broken all records and crossed 585 Brands! It is now the LARGEST SUMMER FAIR in the Country! Kudos to the NGF Team of CMAI for turning this Fair around with such spectacular numbers!

I look forward to seeing you all at the Fair!

 

 

 


Rahul Mehta

Welcome to CMAI

From the President's Desk

Dear Friends,

Just as the Industry was beginning to accept the inevitability of being swamped by the E-commerce juggernaut backed by unfair preferential rules (or rules not being enforced), the Government has, in a stunning turnaround, announced some major policy measures which can be a game changer in today’s turbulent times.

Whilst there could be, as usual, many a devil in the fine print, what the recent policy announcement means in essence is that Marketplace E-commerce Companies cannot buy from companies in which they have invested.

   .... Read More