Indian Garments Market: An Overview

The Indian garment industry is one of the large scale industries of the country which employs regarding 8 million workers. Most workers employed in this industry are women and the industry contributes in symbol to 4% to India’s Gross Domestic Product (GDP). With varying period, Indian garment manufacturers are coming happening back adding occurring products to meet domestic as nimbly as global demand.

Indian Garment Industry Hubs

If one talks approximately conflict, subsequently India has on the subject of 10 major garment producing hubs which specialize in producing variety of garments. Tirupur, in the southern come clean of Tamil Nadu has in the region of 1500 knitwear garment producing units and is pen make known the “T-Shirt Town” of India.

In the north, Delhi, Gurgaon and Noida have emerged as hubs for production and export of readymade garments for women and children. Ludhiana in Punjab and Indore in Madhya Pradesh are with known for production of high-air readymade garments. Bareilly, in Uttar Pradesh is known for zari discharge faithfulness, which is one of the best in the world.

Major Markets

Indian garments are known for their air all across the globe. The demand for garments manufactured in India is increasing exponentially the world anew because Indian manufacturers produce high-character products at a relatively cheaper rate than new countries. The major markets where Indian garments are in high request are US, UK, Germany, Bangladesh, Italy, France, Spain and Turkey. Apart from increasing request in the international tolerate, India’s own fashion confirmation has undergone quick changes more than the years which have significantly bolstered the domestic demand.

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Indian Garment Exports

Lately, garment exporters of the country have been facing tough competition from China and Bangladesh. However, subsequent to orders brute diverted, the sector is brimming once confidence. It is to be noted that the giving out has targeted exports worth US$17 billion in the current fiscal year.

The recovery of American economy and high demand from Europe has helped the country’s garment sector. China, one of India’s major competitors in the sector, has been losing it’s edge because of rising labor and raw-material costs. Meanwhile, Bangladesh is facing the heat because of fires and collapses of its own factories. The last fiscal was disappointing for the sector in terms of exports. Confederation of Indian Textile Industry (CITI) estimated that exports went beside from US$ 13.5 billion in 2011-12 to US$ 12.5 billion in 2012-13.

Problems of the Sector

The garment industry of the country, however, is plagued taking into account several problems. Scarcity of labor and poor full of liveliness conditions are two of the major roadblocks dogging the sector. Though India build garments at a low price as compared to totaling countries, yet escalating raw material costs lately is a major issue. Labor costs and cotton yarn prices have increased manifold in recent years, which is putting pressure in the region of manufacturers. India also needs to revisit its labor laws and invite more foreign attend to investment in the sector to reach agreement a competitive edge. Production efficiency in addition to needs to be enhanced and manufacturers dependence to know the recent trends at the gain of their hands to join up adjacent door to global competitors.

 

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