BillMart, CMAI Partner to Improve Liquidity for MSME Apparel Business

BillMart Fintech Pvt. Ltd. India’s  leading and new age digital lending platform specializing in bill discounting, trade finance and  supply chain solutions, has signed a strategic MoU with the Clothing Manufacturers  Association of India (CMAI), becoming the official Digital Funding Partner for its  members. BillMart was also part of the recently held 80th National Garment Fair, where it  actively engaged with industry leaders, hosting insightful sessions with garment manufacturers  and founders on the future of digital financing in the apparel sector. 

The Indian textile and apparel industry is valued at $138 billion, with the domestic apparel  market alone accounting for $100 billion. The sector is one of the largest employment  generators, supporting over 45 million people, including a vast network of MSMEs that form  the backbone of this industry. 

With this partnership, CMAI members will gain seamless access to bill discounting, and  working capital solutions, enabling faster credit processing and improved liquidity. Through  BillMart’s AI-powered financing platform, garment businesses can now convert outstanding  invoices into immediate cash flow, ensuring smoother operations, better supplier relationships,  and enhanced business growth. 

Driving Growth & Financial Access for MSMEs-SMEs 

Mr. Ashok Mittal, MD & CEO, BillMart Fintech, shared his thoughts on the collaboration: "With the textile and apparel sector employing over 45 million people, MSMEs-SMEs play a  critical role in both domestic supply chains and exports. Accessibility to fast and efficient  funding is key to sustaining and scaling these businesses. Our AI-driven trade finance and bill  discounting solutions will help CMAI members manage working capital efficiently, reduce  financial stress, and fuel business expansion. By leveraging technology, we aim to make supply  chain finance smarter and more accessible, ensuring liquidity support for apparel businesses at  every level." 

CMAI’s Vision for Financial Inclusion 

On this development, Mr Santosh Katariya, President, CMAI said, “With India's garment  industry growing at a 10% CAGR, financial agility is crucial for manufacturers to stay  competitive. Smooth money rotation is essential for business sustainability, and this  collaboration with BillMart will provide CMAI members with innovative financial solutions  to fuel expansion. The tailored offerings will empower garment manufacturers by improving  liquidity, meeting market demands efficiently, and enabling scalable growth. This partnership 

is a significant step in revolutionizing trade finance for the garment industry, ensuring that  businesses of all sizes can unlock capital faster, optimize working capital, and drive long-term  success."