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...