Role of Contract Manufacturing in the growth of Indian Textiles and Apparel Industry
12 Apr 2022
The Indian fashion industry is widely known as a fiercely competitive industry and has become a dream market for most marketers across many product segments. Seeing the future potential, the
garment manufacturing companies in India
have already lined up investments for future capacity expansion. Well-known companies like Raymond, Arvind mills, Sutlej Textiles, Mandhana Industries Limited etc. have significantly invested in areas like homes textiles, denim, and garment. Indian domestic textile and apparel industry contributes nearly 2% of India’s GDP and accounts for 14% of industrial production, 27% of the country’s foreign exchange inflows and 13% of the country’s export earnings. The “Make in India” initiative, with its ‘skill, scale, speed’ and ‘zero-defect, zero effect policy as also the Performance Linked Scheme has further provided the impetus to the employment, production, and exports in the sector.
fashion apparel manufacturers in India
are introducing trendy clothes with different fabrics, patterns, styles, colors, and designs to keep consumers updated with the latest trends. India has the second-largest population in the world and hence, the demand for textile and apparel products is huge. One of the most significant industrial sectors, the textile industry of India plays a major role in contributing to the national economy, employment generation and exports. Not all companies have A to Z resources to get done with the entire manufacturing process and for that, they hire contract manufacturers. The
textile contract manufacturers
produce the products according to the company’s designs and specifications. The business model for the textile industry primarily focuses on export as India is the second-largest textile manufacturer and exporter in the world.
Women’s apparel industry of India -
Women’s apparel is a broad category of products including, casual, ethnic, formal and gym wear. India’s women’s wear market has grown rapidly in recent years in both quantum and variety as besides other factors, increased employment of females is an important factor contributing to the diversity and volumes of business. Consequently, the leading
women’s apparel manufacturers in India
are providing exclusive high fashion clothing items in different sizes and price segments for fashion-conscious individuals. The women’s apparel market is estimated to reach nearly 39 billion US dollars by 2025 in India and the growth rate of western and innerwear has been projected at 14% between 2020 and 2025.
Men’s apparel industry of India –
The Indian apparel industry has traditionally been ruled by women, men’s purchases were need-based and on the other hand, women were more inclined toward fashion trends. But, it is visible that tables have turned now and Indian men are paying more attention to how they look. The men’s apparel industry is made up of men’s activewear, formal wear, essentials, casual wear and outerwear. The men’s western wear market has been the biggest, with the formal wear segment being the largest contributor over the years. The
men’s apparel manufacturers in India
are focusing on transitioning the menswear market from tailor-made to ready-made clothing due to the popularity of ready-made clothing among young and working Indian men. The market value of men's apparel is estimated to be about 3.3 trillion Indian rupees in 2028 across the country. This heralds a significant increase from 1.6 trillion rupees worth of the men's apparel market in 2018 which was dominated by the shirts segment.
Selecting suitable contract
clothing manufacturers in India
can be a challenge and to make the process a bit easy,
, a B2B sourcing platform, helps in finding relevant apparel contract manufacturers according to the business needs.
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