Garment manufacturers urge govt to support garment retailers, traders

The additional loans backed by the government guarantee and requiring no collateral or guarantee of the MSME, will enable many of its members to get the much-needed working capital assistance

The Clothing Manufacturers Association of India (CMAI) has urged the government to consider extending measures, which were given to the MSMEs in manufacturing sector, to garment retailers and traders as well.

The garment industry has said that enhancing of the upper limits of the sector, the merging of the manufacturing and service sectors, and the addition of a turnover based criteria, will all go a long way in enabling many more enterprises, especially here, to take advantage of the various schemes under the MSME umbrella.

The additional loans backed by the government guarantee and requiring no collateral or guarantee of