The Evolving Landscape of the Indian Clothing Industry

-

A couple of the latest developments augur well for the clothing manufacturing industry in India and the contract manufacturing business in general. 


China plus one strategy is again gaining momentum, and textile giants like Arvind Ltd. are trying to cash in on the cotton textile manufacturing front. 


Though not related to the specific industry, Zetwerk’s acquisition of 3 Indian contract manufacturers in the aerospace domain significantly boosts the contract manufacturing industry in India. 


Latest trends in the Indian clothing industry


India has always been a strong player in the global fashion industry. Despite some nagging challenges, the industry is set to maintain its growth trajectory fueled by digital disruption and scalability. The Indian apparel industry is estimated to close at around $59.3 billion by 2022. Certain emerging trends in the sector are:


Environmental consciousness: Sustainability awareness among consumers is driving clothing manufacturers to adopt organic fabrics and natural dyes while implementing eco-friendly recycling methods to minimize harmful industrial waste. 


Comfort over style: Lifestyles and preferences have undergone a paradigm shift in the aftermath of the Covid 19 pandemic. The emerging trend in the fashion industry witnesses a shift toward comfort clothing instead of style statements. Athleisure outfits are finding a prominent space in the wardrobes, and the industry is adjusting its choice of fabric and colors accordingly.


Inclusive fashion: Many designers and brands are imbibing double-digit size clothing into mainstream fashion. The plus-size segment is carving out a dedicated space for itself. 

The Indian clothing industry is riding on an ever-growing Indian middle class with substantial disposable income, a robust manufacturing infrastructure, and increasing adoption of modern technology. 

Market Scenario


The Indian textile and apparel industry contributes around 5% to the national GDP and is the second largest employment generator after agriculture. India is also the sixth largest exporter of textile and apparel in the world, with the industry recording about $44.4 billion in exports in 2021-22. 


In 2021-22, cotton clothing and artificial textile exports witnessed yearly growths of 54% and 51%, respectively. 


The target for readymade garments export for 2022-23 stands at $17.6 billion. 


India continues to be a major global sourcing hub for clothing contract manufacturing. Contact Industry Experts for end-to-end guidance for all your sourcing needs.

Source:- https://www.industryexperts.co.in/b2b-manufacturer-sourcing-india/apparels-fashion-accessories

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