Garment Industry of India – An overview

-

 The textile and garment sector is considered to be the oldest industry in India and employs about 6 million workers. One of the largest producers of cotton and jute, India also ranks as the 2nd largest producer of silk in the world. Over the recent years, many leading clothing companies in India have become some of the major suppliers of ready-made garment products for the global market. The garment manufacturing companies in India like Arvind Mills, Vardhaman Textile, etc. dominate the country’s apparel business and are the key providers of ready-made textile items to the worldwide market.

 


Recently, the government has launched initiatives like Integrated Textile Parks for a smooth operating supply chain with end-to-end solutions and to minimize operational hurdles. The export of textiles and apparel in India is expected to reach 100 billion dollars in the next five years, growing at a CAGR of 11%.  The clothing manufacturers in India use extensive technology and produce textile products in bulk for sales in the domestic market and abroad. The handcrafted outfits and the hand-embroidered clothing from India have immense popularity in the international market which makes India a superior destination in the quality of production. India has a great grip over the supply of raw materials from its local sources which means that the manufacturers do not have to wait for the fabric to arrive to begin production.

 

The garment industry of India holds great importance to the Indian economy as it contributes a major share to India’s export earnings. The major growth drivers in these sectors are the abundance of raw materials, the presence of entire value chains, availability of skilled manpower, competitive manufacturing costs, etc. The manufacturers have constantly been experimenting with new ways to ensure that top-quality products are delivered at affordable prices. It is important to choose verified and reputable apparel manufacturers in India and for that, an organization needs to have complete knowledge about the long and tedious manufacturing process. Apparel production is a complex and organized activity of sequential processes such as laying, marking, cutting, stitching, checking, finishing, pressing, and packaging. Thus, finding a relevant contract manufacturer who can help in the completion of this whole process of converting the raw materials into finished products becomes a real challenge.

 

Industry Experts is a B2B sourcing platform that connects the company with leading and reliable garment contract manufacturers according to the business needs.


Source :-   The garment industry of India – An overview

Comments

Post a Comment

Popular posts from this blog

How to choose the Best Sourcing Company for Your Business

-
Image
  A significant number of modern companies have recently turned to the manufacturer sourcing activities to reduce their production costs. In addition, they will lower their goods and services costs. In this respect, the position of manufacturing sourcing  enterprises is significant. However, it is not easy for businesses to select a Manufacturer sourcing in India . Before you deal with a sourcing firm, you have to look at certain things. Until choosing a procurement organization, businesses must weigh the following factors: Knowledge: Often manufacturer sourcing firms do not have proper knowledge of goods and services they are dealing with. These corporations can be avoided by entities by all means. Always choose manufacturing sourcing in India businesses who know the manufacturing processes. When enterprises choose these vendors, they do not adhere to quality requirements on their goods and services. Authentic procurement agencies such as Industry Experts inspect the output du
Read more

How B2B Sourcing Platforms Enable Your Business to Acquire Wider Reach?

-
Image
  As per Statista, global business-to-business (B2B) sourcing transactions totaled $12.2 trillion in 2019. The emergence of the B2B marketplace is among the most influential developments in B2B eCommerce. The importance of this B2B sourcing platform cannot be overstated, as it has reinterpreted the trading relationship between B2B buyers and sellers while still acting as a networking hub. If the trend seeks to spread, conventional B2B wholesalers and distributors have a tremendous opportunity to adopt the online marketplace paradigm and obtain a strategic edge.   As a result, B2B solution providers are witnessing dramatic shifts in buyer tastes and software procurement methods. In addition, the study showed that more than 80% of businesses no longer purchase software according to a calendarized buy schedule. Rather than waiting for the next update or purchasing cycle, more than 50 % of the respondents have said that they are willing to make a purchase as soon as the need emerges.
Read more

India – An attractive manufacturing and sourcing destination

-
Image
India has emerged as an attractive manufacturing sourcing destination in the past couple of years and has a lot to offer as the world’s fast-growing economy. The manufacturing sector in India is fast developing into an investment hub for many foreign players who have already shifted their sourcing to India and are benefitting from the same. But, before proceeding to more details, it is important to understand what manufacturing sourcing is and what a manufacturing sourcing company do. Manufacturing Sourcing – It refers to the concept of searching for a supplier that would help the client company in meeting its objective in terms of cost, quality and deadlines as well as performance. The sourcing consultant from a manufacturing sourcing company helps the client on both professional and personal levels which further helps in making the production stage much smoother. The primary advantage of the services provided by the consultant includes cost savings and improved efficiency. Some mor
Read more