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 ...