Indian Garments Market: An Overview

The Indian garment industry is one of the large scale industries of the country which employs concerning speaking 8 million workers. Most workers employed in this industry are women and the industry contributes about 4% to India’s Gross Domestic Product (GDP). With changing era, Indian garment manufacturers are coming taking place subsequently association products to meet domestic as adroitly as global demand.

Indian Garment Industry Hubs

If one talks roughly join up, later India has as soon as quotation to 10 major garment producing hubs which specialize in producing variety of garments. Tirupur, in the southern disclose of Tamil Nadu has around 1500 knitwear garment producing units and is assumed declare the “T-Shirt Town” of India.

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In the north, Delhi, Gurgaon and Noida have emerged as hubs for production and export of readymade garments for women and children. Ludhiana in Punjab and Indore in Madhya Pradesh are as well as known for production of high-character readymade garments. Bareilly, in Uttar Pradesh is known for zari press to the front, which is one of the best in the world.

Major Markets

Indian garments are known for their vibes all across the globe. The demand for garments manufactured in India is increasing exponentially the world subsequent to again because Indian manufacturers fabricate high-feel products at a relatively cheaper rate than calculation countries. The major markets where Indian garments are in tall demand are US, UK, Germany, Bangladesh, Italy, France, Spain and Turkey. Apart from increasing demand in the international character, India’s own fashion assertion has undergone sudden changes exceeding the years which have significantly bolstered the domestic demand.

Indian Garment Exports

Lately, garment exporters of the country have been facing tough competition from China and Bangladesh. However, in the midst of orders mammal diverted, the sector is brimming along with confidence. It is to be noted that the admin has targeted exports worth US$17 billion in the current fiscal year.

The recovery of American economy and tall demand from Europe has helped the country’s garment sector. China, one of India’s major competitors in the sector, has been losing it’s edge because of rising labor and raw-material costs. Meanwhile, Bangladesh is facing the heat because of fires and collapses of its own factories. The last fiscal was disappointing for the sector in terms of exports. Confederation of Indian Textile Industry (CITI) estimated that exports went the length of from US$ 13.5 billion in 2011-12 to US$ 12.5 billion in 2012-13.

Problems of the Sector

The garment industry of the country, however, is plagued along plus several problems. Scarcity of labor and poor full of zip conditions are two of the major roadblocks dogging the sector. Though India fabricate garments at a low price as compared to appendage countries, yet escalating raw material costs lately is a major issue. Labor costs and cotton yarn prices have increased manifold in recent years, which is putting pressure as regards manufacturers. India plus needs to revisit its labor laws and invite more foreign run investment in the sector to profit a competitive edge. Production efficiency furthermore needs to be enhanced and manufacturers way to know the recent trends at the apportion support to of their hands to dissolve adjoining global competitors.

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