Garment Show of India addresses GST implications and showcases new apparel
Over 8,000 trade visitors attended the Garment Show of India (GSI) as buyers and sellers alike came together to negotiate business deals and discuss the GST.
The GSI, New Delhi, hosted over 100 exhibitors comprising garment manufacturers and retailers. As a business to business exhibition, it connected the apparel retail industry in India and allowed clothing brands to show their latest products to a business audience. Brands including Bazar India, V-Mart, V2, SNS, and Fashion Factory exhibited at the show and the major garment hubs of India such as Tirupur, Hyderabad, and Noida, and Jaipur were all represented.
Bridging the gap between buyers and sellers, the GSI allowed buyers to find retailers that fit their specific requirements and negotiate deals with them at the show. Large retailers such as Snapdeal, LimeRoad, Myntra, and Amazon were all present at the event to source new products.
The show’s marketing had focused on encouraging guests from Tier 2 and 3 cities and remote locations. Attendees from many different locations including Madurai, Chennai, Panipat, and Bihar did business with retailers from an equally varied list of locations.
This year’s theme was “Make in India” and, as the garment industry is one of the largest industries in India, it was important to discuss the future effects of the newly implemented Goods and Services Tax (GST). Manoj Tiwari, President BPJ Delhi, was encouraged to consider subsidised GST rates for garments and put them under the basic necessities category by retailers and manufacturers alike. Concern was also expressed over the impact of GST rates on the market in the months to come.
The GSI was held at the Pragati Maidan in New Delhi last month and was powered by Saina Events.
Copyright © 2023 FashionNetwork.com All rights reserved.