New Delhi, March 31 -- Despite several measures announced by the government, domestic garment industry, especially its Micro Small and Medium Enterprises (MSME) fear more drop in demand, said the Clothing Manufacturers Association of India (CMAI) in its survey.
CMAI conducted a survey amongst its members to get a sense of how the Members were facing up to the current circumstances and how they were forecasting the period after lock-down is lifted.
As per the survey, demand in apparels may shrink by almost 40 per cent in 2020.
''Over 1500 CMAI members with sales of about Rs. 60,000 crores and employing 400,000 plus people, have reported that there could be more than 40 percent drop in demand after the lock down. Based on this, CMAI whi...