2nd NIGF 2024 by CMAI Concludes with Overwhelming Success, Signalling a Promising Festive Season for the Garment Industry

CMAI - NIGF 2024 (2)

New Delhi: The 2nd North India Garment Fair (NIGF 2024), organized by the Clothing Manufacturers Association of India (CMAI), concluded on a high note at the Yashobhoomi Convention Centre (IICC) in Dwarka, New Delhi. The fair held from June 11-13, 2024, saw an impressive turnout of more than 200 exhibitors and over 5450 trade visitors, indicating strong positive sentiments for the upcoming festive season.

NIGF is an effective platform for manufacturers from across the country to connect with retailers, distributors, and agents from Northern India, while retailers can benefit from discovering new suppliers and brands from across India under one roof.

During the fair, a business networking session on the second day was very well received, with more than 65 exhibitors availed the opportunity to have one-on-one meetings with 22 leading agents and distributors who were invited from across India. Exhibitors were able to present their collections to potential agents and distributors from different regions.

Reflecting on the success of the event, Rajesh Masand, President of CMAI, stated, “The overwhelming response to NIGF 2024 is a testament to the strength and potential of the Indian garment industry. The fair not only provided a platform for manufacturers and North region buyers to connect but also highlighted the industry’s readiness for the upcoming festive season. We are confident that this event will help to stabilise the business and pave the way for a remarkable growth in the current year.”

Santosh Katariya, Chairman of NIGF, added, “Apart from the buyer seller meetings, the key highlight of NIGF was the business networking session which offered an invaluable opportunity for exhibitors to connect with top agents and distributors from across India. The session significantly enhanced and widened the reach of the retail industry to get introduced to new suppliers, discover latest brands and refresh their merchandise. NIGF 2024 witnessed a significant turnout from leading retailers and distributors from Punjab, Haryana, Himachal Pradesh, Rajasthan, Gujarat, West Bengal amongst others.”

CMAI - NIGF 2024 (3)

NIGF 2024 showcased exhibitors from Mumbai, New Delhi, Bangalore, Jaipur, Kolkata, Surat, Ahmedabad, Ludhiana, Noida besides other cities. Few key exhibitors included names like J.D. Enterprise (Ahmedabad) – Naughty Boy / Ellgon, Lekhus Collections, (New Delhi), Maa Garments (Mumbai) – Aisha, Manjot Trading Co (Ludhiana) – Boyce, Pocket Money Fashion (Indore) – Pocket Money, Junior Rocks, Little Ducks, Bafna Clothing Company (Bengaluru) – Cool Colors, Menzstyl Creation (New Delhi) – Club Merino, N M Fashion Designs (Mumbai) – Kora, NRB Alliance (Surat), Sparrow Classic Trends (New Delhi) – Classic / Kid Classic,

Swayam Industries (Ludhiana) – Pro Riders, Zonac Knitting Machines (Noida) -Bonjour, Aman Lifestyle (Mumbai) – Scakhi, Artview Merchants (Kolkata) – Minu, Bodycare Creations (Noida), Cheer Sagar (Jaipur), Devi Designs (Kolkata), G T Fashion (New Delhi) – Meenavati, Knit Tech India (Ludhiana) – Knit Studio, Maam Arts (Jaipur) – Aadews, Multi Brand Exports (New Delhi) – Arunvarun The Fashion Studio, Europe One (Surat) – Rewaa, Sagar Design Fab (Jaipur) and Sky Fashion (Mumbai) amongst many others.

Some of the large retailers who visited the fair included Aristocrat Garments (Ludhiana, Punjab), Paul Garments (New Delhi), Bindals Group (New Delhi & UP), Bachoomal Collection (UP), Stanmax (New Delhi), Suvidha Stores (Karnal, Haryana), Yougal Sons (Jammu & Punjab) and many others.

Exhibitor at NIGF 2024, Arun Sharma, 2nd Generation of Multi Brand Exports – Arunvarun, New Delhi said, “We have been members of CMAI for more than five years and are delighted to have participated in NIGF 2024 as it’s a great platform to meet the buyers. The footfall has been amazing and we have been able to connect with many new buyers. In such trade shows, buyers come to directly discover brands. The success here has encouraged us to participate in other CMAI shows like the upcoming NGF in Mumbai and the Brands of India Show in Dubai.”

Exhibitor at NIGF 2024, Arshdeep Singh Dua, Knit Tech India, Ludhiana, expressed “The footfalls at NIGF 2024 have been better as compared to the previous year. We are positive about the upcoming season as buyers are looking for creativity in styling.”

NIGF 2024 was inaugurated by notable retailers and featured a diverse range of menswear, womenswear, and kidswear, providing exhibitors with extensive networking opportunities to foster connections with buyers from across India and top-tier industry leaders. Key dignitaries from CMAI present at the inaugural ceremony included Rajesh Masand (President), Rohit Munjal (Vice President), Santosh Katariya (Chairman of NIGF), Rahul Mehta (Chief Mentor), and Pankaj Jain (Hon. Secretary – North), amongst other office bearers.

The success of NIGF 2024 highlights the importance of trade shows in gauging industry sentiments and expectations. As the industry looks forward to a prosperous festive season, events like NIGF serve as crucial indicators of market trends and business opportunities.

About CMAI

The Clothing Manufacturers Association of India (CMAI) is the most representative association of the Indian apparel industry having over 5000 members and serving more than 25,000 Retailers. Its Membership consists of Manufacturers, Exporters, Brands, and ancillary industry.

CMAI advocates regarding policies and also guides and encourages its members on ESG-related matters and initiatives. In 2019, CMAI launched the SU.RE initiative to encourage members to embrace sustainability.

Piramal Finance Surpasses INR 50,000 Crore in Retail Loans, Aims to Double Retail AUM by FY28

Mumbai, 19th June 2024Piramal Capital & Housing Finance Ltd (herein referred to as Piramal Finance), a leading diversified financial services company and wholly owned subsidiary of Piramal Enterprises Limited (PEL), today announced that it had surpassed the milestone of INR 50,000 Crore in AUM of Retail Loans.

PEL operates through its wholly owned subsidiary, Piramal Capital & Housing Finance Ltd., under the collective customer brand Piramal Finance. Piramal Finance has built a multi-product retail business, offering products tailored to Bharat’s diverse needs and financially empowering the country’s underserved segments. Over the last three years, Piramal Finance has expanded its customer base across Bharat, positioning itself as a leading Non-Banking Financial Company- Housing Finance Company (NBFC-HFC) in the affordable lending space.

In 2021, Piramal Finance acquired Dewan Housing Finance Corporation Limited (DHFL), which was the first successful resolution under the IBC route in the financial services sector. It remains among the largest resolutions in value terms in the industry.

Since then, the businesses have been fully integrated and grown, with the branch network increasing from 300 to 490, spanning 26 states/UTs as of 31 March 2024, and the customer base increasing to 4.1 million. The employee strength has also increased from ~5,000 to over 13,000 today.

As a merged entity, Piramal Finance has launched multiple lending solutions for the budget Bharat customer, offering over 13 loan products, including home, business, personal, loan against securities (LAS), and used car loans. Mortgages remain the dominant part of the portfolio, accounting for 68% of the overall retail AUM, with a 38% year-on-year increase in FY24. The housing loan portfolio has continued its strong growth trajectory, disbursing an average of INR 800 crore per month in FY24, with an average ticket size of INR 19 lakh.

Jairam Sridharan,

Speaking about the milestone achievement, Jairam Sridharan, Managing Director, Piramal Capital & Housing Finance Ltd., said, “We are delighted and humbled to have reached INR 50,000 crore in retail AUM. This scale demonstrates the massive business opportunity that exists in small-town Bharat markets. Since the acquisition of DHFL in 2021, our goal has been to build on its strong customer franchise in smaller towns. It is gratifying to see us regain our position as a leading financial services company in the affordable housing space. Our business will continue to be focused on MSMEs and small salaried individuals across Bharat, providing more people access to formal credit.”

Piramal Finance’s ‘High Tech + High Touch’ strategy is centered around a strong physical distribution – 490 branches, spanning 26 states, 625 districts, and 404 cities and towns, serving over 6,000 pin codes of the country in metro-adjacent areas and Tier 1, 2, and 3 cities. The company plans to expand its branch network with 50-100 more branches by FY25.

This is coupled with a High-Tech infrastructure that spans customer-facing assets like the website, mobile app, and WhatsApp. Tech is also deeply embedded in the company’s operations, enabling quick decision-making, AI-enabled underwriting and legal and technical processes, providing a seamless customer experience.

Piramal Enterprises Limited aims for Retail Lending to constitute 75% of the loan book. As of 31 March 2024, the total AUM stands at INR 68,845 crore, with the retail book accounting for 70%. PEL envisions growing its AUM to INR 1.5 lakh crore by FY28.

Lenskart Launches Pro-Fit by Lenskart Air and Hooper

Lenskart Launches

Forget the frustration of glasses constantly slipping down because Lenskart, the eyewear innovator, has dropped its latest game-changer: The Pro-Fit range by Lenskart Air and Hooper.

For years, Eyewearers have faced a common problem: the struggle to keep their eyewear in place without interrupting their flow. The Pro-Fit range is set out to create a solution for those who are always on the move.

It is crafted from ultra-light TR90 and features Lock-Tech. The frames have temple tips that adjust to securely grip your ears, keeping your glasses firmly in place. No more mid-flow adjustments – just pure focus on whatever you’re hustling for.

Pro fit caters to everyone. Whether you’re mastering yoga poses, crushing dance routines, or casually chilling with your friends. With sleek, sporty silhouettes and classic colors accented with vibrant pops, there’s a pair in the Pro-Fit collection that complements your style and keeps your vision clear, no matter your age.

Lenskart continues to set new standards in eyewear, ensuring that those on the move can enjoy without any distractions from their glasses. Embrace the freedom of movement

Antony Starr’s Homelander Named Time Magazine’s Superhero of the Year

Superhero of the Year

The launch month of Prime Video’s The Boys Season 4 is filled with diabolical surprises for the fans. Post the much-awaited season 4 premiere with the first three episodes, The Boys’ newest promotional stunt is creating a stir across the globe. Featuring Antony Starr’s egoistic avatar, Homelander, Time Magazine branded the super as the ‘Superhero of The Year’ leaving the fans awe-struck.

After getting the title of The Superhero of The Year, Homelander announced an “Ask Me Anything” panel on Reddit for all his fans, blurring the lines between reality and fiction. This takeover allowed him to present his side amidst the ongoing trial in the series, to the audiences who love him (or not).

The Boys is based on The New York Times best-selling comic of the same name by Garth Ennis and Darick Robertson, who also serve as executive producers, and developed by executive producer and showrunner Eric Kripke. The series, from Sony Pictures Television and Amazon MGM Studios, returned with the much-awaited fourth season on June 13 in English, with dubs in Hindi, Kannada, Tamil, Telugu, and Malayalam languages, only on Prime Video and will release episodes weekly till explosive finale on July 18.

Corporate gifting in the digital age: Blending tradition with technology

Karan Sehdev

By Karan Sehdev, Founder of Merch Matters

Rewarding has been a common practice in the corporate fraternity in which many organizations have considered gifts and incentive products as a tool for conveying corporate images or messages. This involves a company presenting a gift to another client or employees, partners, or stakeholders for reasons of being valued, to show appreciation, or to encourage a business relationship. Earlier corporate gifts were traditionally done with pens, calendars, desktop accessories, or gourmet food basket gifts. This was usually approximately the kind of gifts which were mostly discovered bearing the company logo and it was regarded as good publicity for the company to arouse goodwill. These were also employed in cultivating ‘image’ or ‘brand image’ that is a favorable image of the company.

Since it affects employee morale and motivation it has an impact on employee’s performance as well. Employees who bring gifts to work, should be encouraged and be complimented, as this would make them more enthusiastic, committed, and constructive in their work. It may help boost the emotions of being part of a group or a team and make them feel, the company appreciates them. The aspects such as, how the care was shown, how the care was personalized, and importantly, how the care was delivered genuinely go a long way in deciding such an essence.

This trend of corporate gifting has therefore adapted itself to incorporate both traditions and the technological advances of the present day. Even though gift-giving is linked back to the early days of trade and barter, this custom has evolved to include a complex and diverse set of reasons why business gift-giving is indispensable, also the introduction of new trends of gift-giving with technologies enhances the novelty and increases the possibilities of gift giving.

The following article reveals how one can design unique corporate gift ideas:

1. Personalization:

Nowadays customization is quite important. Information obtained through technology can allow businesses to know their clients and employees, thus giving them gifts that matter. Personalization provides a personal touch to corporate gifting ranging from customizing messages and engraved items to personalized gift suggestions based on individual preferences.

2. Technological Gift Ideas:

Technology has made it possible for people to give out gifts that stand out with a purpose at the same time. There are many options ranging from wearable technology, smart gadgets, and virtual reality among others which will make your employees happy. These techie presents not only define the modern approach of the company but also offer solutions that are useful and enjoyable in this digital era.

3. The Digital Gift Cards:

The contemporary gift card has been popularized over the past years. Moreover, they still have some advantages such as being flexible and practical because the recipient can choose their preferred products or services after receiving them. With just a few clicks, corporations can send digital gift cards via email or mobile apps resulting in a smooth process flow. Additionally, this idea is modern ensuring that its recipients get maximum benefits from it before another way is discovered by others

4. Using Social Media:

Corporate gifting and social media are the best way to go as they can provide a more fulfilling experience. This will keep the recipient firms engaged in gifting and create their narratives for giving or greeting. Moreover, it fosters gratitude by letting the world know that the company appreciates its clients and encouraging positive thinking among many people. It also helps companies to interact with their customers and other stakeholders easily unlike just participating in gift exchanges.

5. Blending Tradition with Technology:

Traditional presents should not be ignored. However, classic pieces like personalized stationery still make an impression on those who receive them, whether they are elegant pens or gourmet food baskets. By incorporating conventional and techie gifts into their content strategies, organizations can opt for more variety and come up with different perspectives.

The custom of corporate gifting has been effective in nurturing relationships, creating brand awareness, and building a sense of enthusiasm. When companies choose sentimental yet meaningful gifts they can make a positive lasting impact on recipients.

World’s Largest Integrated E-cycle Gigafactory Shows Rapid Progress

cycle Gigafactor

India- 19th June 2024: EMotorad, India’s leading electric cycle manufacturer backed by cricket legend MS Dhoni, announces significant progress in constructing the world’s largest integrated e-cycle gigafactory. The company is on track just four weeks after the announcement, with commissioning set to begin shortly, followed by full-scale operations.

The gigafactory’s phase 1 spans 2,40,000 square feet and is strategically designed to meet the increasing global demand for sustainable, high-performance electric cycles. They will integrate all aspects of production, from design and manufacturing to assembly and quality control, ensuring high standards of efficiency and product excellence.

A month ago, the site was a plot of land. The roofing is now complete, signaling the pace at which the construction is moving forward. This swift progress shows their commitment to meeting the needs of a growing global market for electric mobility solutions.

Rajib Gagopadhyay, Managing Director and Founder of EMotorad highlighted the company’s dedication to speed and efficiency in a statement: “One thing integral to our DNA is the speed of work. The ever-growing and rapidly changing demand worldwide has pushed us to try and start operations for phase 1 at a record speed. Our team’s hard work and commitment are driving this project forward, and we are excited about the positive impact this gigafactory will have on the e-cycle industry and the environment.”

In addition to the physical progress, EMotorad is making strides in its workforce development and community engagement efforts. The company plans to create hundreds of new jobs, providing training and opportunities for local workers to participate in the booming electric vehicle industry. This initiative supports economic growth and fosters a skilled workforce that will drive innovation and excellence in electric cycle manufacturing.

Aster Medcity Tops in Outlook & NEB Research 2024 Hospital Rankings; 2nd Best Multi-speciality in India, 1st in South India

Aster Medcity

Kochi, 19th June 2024: Aster Medcity has achieved remarkable recognition in the prestigious Best Hospital Rankings 2024 by Outlook and NEB Research. This ranking aims to identify the best hospitals in India, providing valuable guidance to healthcare consumers. Aster Medcity has secured top positions across multiple categories, such as the 2nd Best Multi-specialty Hospital in India and the 1st Best Multi-speciality Hospital in South India, reflecting its leading position in delivering high-quality healthcare services.

Aster Medcity’s specialized departments have also been recognized for their performance. The hospital has been honored as the 3rd Best Urology Hospital in India as well as the 1st Best Cardiology Hospital in Kochi, showcasing its excellence in cardiac care and cutting-edge cardiology treatments.

“Driven by our vision to provide accessible, affordable, and quality healthcare to all, it is our teams’ dedication and efforts that have made this achievement possible. Recognitions like this will inspire us to set new benchmarks in healthcare,” said Farhaan Yasin, Aster India’s Vice President about the recognition.

Cotton Council International Unites Industry Leaders to Weave India-u.s. Cotton Trade Relations

Mumbai, 19th June 2024 – A Cotton Council International (CCI)-led media roundtable today promoted strategic India-U.S. textile trade partnerships and highlighted U.S. cotton as the preferred choice of imported cotton for Indian spinners. Tomorrow, June 19, a three-part “COTTON USA: Weaving Threads of Unity between the U.S. Cotton and Indian Textile Industry” event in New Delhi will explore this partnership in more depth.

“India’s textile industry is projected to grow to $350 billion by 2025, and as India is a key market for U.S. cotton, there is substantial opportunity to expand our cooperation,” CCI Executive Director Bruce Atherley said. “Our discussions today emphasized the strategic importance of this partnership in driving sustainable practices and economic growth in both countries.”

To further this agenda at its COTTON USA event tomorrow, CCI will meet with U.S. Embassy personnel then join five top Indian textile manufacturers, the U.S. Cotton Trust Protocolâ, Supima and other global cotton textile supply chain luminaries to discuss topics of mutual interest and chart a path of cooperation moving forward. The event will also feature a high-level panel discussion on “Celebrating Women’s Influence in the Fashion and Textile Industry.”

While India has picked up the pace in textile exports, registering a growth of 6.91% year-on-year in March, its ambitious target of $100 billion in textile exports by 2030 will require collaborative action and robust international trade pathways. The discussions today highlighted opportunities for synergy between U.S. cotton and Indian stakeholders and charted a roadmap for an efficient and profitable partnership between the U.S. and India that empowers Indian spinners, textile mills, and manufacturers to achieve these goals.

“India’s impressive textile manufacturing ecosystem is energized with expansion opportunities, and we at Supima are excited about the partnership prospects that can arise out of this growing industry,” Supima President and CEO Marc Lewkowitz said. “The increasing demand for premium quality verifiable SUPIMA® cotton highlights the need for scaling production to meet global needs.”

Peush Narang, CCI’s program representative in India and Sri Lanka, added, “Our valuable partnership with the Indian textile industry will propel both industries; by using U.S. cotton, Indian textile manufacturers can not only meet global quality standards but also enhance their competitive edge in the international market. Indian textile manufacturers are using high quality U.S. cotton fiber to create beautiful garments. And by using U.S. cotton, they also receive benefits of the entire COTTON USAÔ experience—including full traceability of the supply chain, the unique COTTON USA SOLUTIONSâ technical servicing program, and a package of services, data and intelligence—which no other cotton can provide.”

Anshul Pandey on how he learnt patience during Yeh Rishta Kya Kehlata Hai: It was tough to sit for hours without getting any shots

They say, ‘Rejection is a part of life.’ While this holds true for all professions, it is an undeniable fact for actors. They often face rejection and failure. While many give up, some choose to push through and achieve their dreams. Actor Anshul Pandey, who recently amazed audiences with his performance in the Watcho Exclusives series ‘Flash,’ opened up about facing rejections, how he handles them, and the biggest lesson he has learned from his acting journey so far, especially during his time on the sets of ‘Yeh Rishta Kya Kehlata Hai’. The young actor also revealed whether he ever felt like giving up on his passion for acting.

Talking about managing rejections, Anshul shared, “I don’t dwell on rejection now because it’s something every actor faces more often than getting approvals. But when you do get that approval, that nod, it feels great. One day, someone might not cast me because they think I don’t look right for the part, and the next day, someone might not cast me because they think I look too good for it. But then, someday, they’ll cast me because they think I’m perfect for it. You never really know where things will work out—it’s all about being in the right place at the right time.”

The actor portrays the character of Vansh, a fashion photographer who carries some past baggage that leads to the twists and turns in the Watcho Exclusives series. While Anshul has usually played the boy-next-door in TV shows, he effortlessly played a grey character in Flash.

Anshul

Discussing him wanting to give up on acting, Anshul said, “Yes, many times. In the entertainment industry, especially for actors, going to set and acting isn’t the only part of the job. There’s another aspect, which is learning to be patient. Firstly, you need patience when auditioning for the right part to come your way. Then, even when you’re on set, like for Yeh Rishta Kya Kehlata Hai, where there were about 20 main cast members, there are fixed times for your shots. So, there are a lot of times when you’re just sitting in your makeup room waiting. I’m someone who’s naturally very impatient, so those initial years taught me a lot about patience. It was tough during those times when I was sitting for hours without getting any shots. But I had to understand that it’s not that nobody cares about me waiting; it just takes time dealing with so many actors and scenes.”

Directed by Shaurya Singh, “Flash” on Watcho Exclusives is a gripping series following Vansh Kundra, a talented portrait photographer, drawn into mystery during a routine shoot with enigmatic Aksha Chauhan. In a lavish yet eerie penthouse, unexpected events challenge Vansh’s reality. Unveiling lies and secrets, “Flash” gradually reveals Aksha’s true identity and sinister forces, keeping viewers enthralled. Available exclusively on the Watcho App, “Flash” delivers a thrilling experience that will leave you wanting more.

Trippy Tequila: Where Nights Come Alive in Gurugram

Trippy Tequila

Gurugram, 19th June 2024: If you’re looking to dive into an extraordinary nightlife experience, the streets of Sector 66, Gurugram are about to get all kinds of trippy. Nestled on the first floor of M3M International Finance Center, Unit Number R2101-2105, Tower B, Sector 66, Gurugram, Trippy Tequila is your new go-to spot for an unforgettable evening.

Welcome to Trippy Tequila

Indulge in the extraordinary at Trippy Tequila, where amazing food and drinks await you! Come for the flavors, stay for the fun. This gastropub, the brainchild of serial entrepreneur Luv Dhingra—who is also the founder of Metallicz Media, Lost Lemons, Only Neon, and Brand Lab—embodies modern club charm and offers a delectable journey for the senses.

The Vibe and Ambiance

From the moment I stepped into Trippy Tequila, I felt like I had entered a nocturnal playground. The entrance, a trippy tunnel, set the tone for an electrifying night ahead. The vibe was palpable, with a buzzing crowd all geared up to get their party mode on. Whether you’re celebrating a special occasion or just out for a memorable night, Trippy Tequila provides the perfect backdrop.

The cozy ambiance blends seamlessly with attentive service, creating an inviting atmosphere perfect for both casual gatherings and intimate dinners. The interior decor is modern yet warm, making you feel right at home as soon as you walk in.

Crafted Cocktails and Expert Mixologists

What’s a night out without some fantastic cocktails to kick things off? Trippy Tequila’s expert mixologists are at your service, ready to whip up refreshing cocktails and unique concoctions that will tantalize your taste buds and elevate your spirits. I had the pleasure of trying a few signature cocktails crafted by their bar specialist, Manish Singh. Each drink was a masterpiece, blending flavors in ways that were both surprising and delightful.

A Culinary Journey Around the World

Trippy Tequila is not just about the drinks and the dance floor; it’s also a culinary journey that takes you around the world. Their menu boasts an impressive array of dishes to satisfy your late-night cravings.