Search Result for : Apparel

The Dollar Business Bureau India’s textiles market is likely to reach $250 billion in the coming two years from the present level of $150 billion, according to a study.  “The market size of India’s textile market is expected to touch $250 billion in the next two years from the current level of $150 billion,” said a joint study conducted by ASSOCHAM-Resurgent on ‘Women in Textiles & Handicrafts Industry'. “The textile sector in India makes up for about 10% of the manufacturing production, 5% of the country’s GDP and 13% of its exports earnings,” the study said. The study observed that the textiles and apparel sector is the 2nd biggest employment provider with around 51 million people directly and more than 68 million people indirectly ...

The Dollar Business Bureau Beginning January 29, 2017, a two-day Investors’ summit themed “Exploring Opportunities in North East Region” has been organised by the Minister of Development of North Eastern Region (DoNER) and the Ministry of Textiles in Shillong. The event focusses on the Textile Industry and its associated sectors. On the first day of the summit, Rs.1040 crore was allocated for textile based projects like handicrafts, sericulture, handloom, apparel and garments by the Minister of Textiles, Smriti Irani. North Eastern Textile Industry received Rs.820 crore for sericulture related projects from the Ministry. Speaking to the media, the minister said sericulture related projects in the region would provide employment opportunities to many. The Minister also stated that around four lakh people mostly women would ...

Aamir H Kaki Belarus is the ‘Focus Country’ in the 36th edition of India International Trade Fair, being held from November 14 to 27. Many companies and industries from Belarus representing varied sectors such as textiles, education etc are exhibiting in IITF. Needless to say, they are looking for business opportunities and partnerships in India. Tatsiana Matsiushonak, ConcernBellagrom, Republic of Belarus and a cooperation specialist in the Foreign Economic Relations Department, spoke to The Dollar Business about possible opportunities that exist in the textile, apparel and footwear sector of Belarus. “We are here for the first time. We are representing the interests of the textile, apparel and footwear industry of our country. We are looking for possible partners and  would also like to develop a ...

The Dollar Business Bureau   The export-oriented apparel production in India and other South Asian countries has the capacity to generate more superior jobs, as around one million people are likely to come into the workforce every month for the next three decades, said a new report by the World Bank. The report titled, “Stitches to Riches? Apparel Employment, Trade and Economic Development,” was launched on Thursday in New Delhi. “As wages surge, China, the largest manufacturer of apparels for the past 10 years, is expected to gradually relinquish its top position in the worldwide apparel market, creating opportunities for other competitors,” the report said.  This could be a great opportunity for countries like India and others in the South Asian region. A simple 10 percent ...

Himanshu Vatsa | The Dollar Business Setting up apparel manufacturing hubs at strategic locations and enhancing capability to produce man-made textile products can help Indian apparel industry to stand ahead in the global market, said an expert. According to the market analysis by Technopak (A fashion and apparel consulting firm), the Indian apparel industry should focus on the current trends in the global fashion industry and develop capabilities to leverage opportunities created by global trends. “Improving economic outlook of the USA and European Union is expected to provide boost to India’s apparel exports as these two destinations contribute more than 60% to India’s apparel exports. In addition to this, a part of apparel production of China is expected to shift to ...

Himanshu Vatsa | The Dollar Business India’s apparel export is likely to meet its target of $18 billion during the current financial year and expected to be double in the next five years, say industry experts. According to the government data, the export of clothing and apparel items reached $16.8 billion last year, registering 12% growth year-on-year. Clothing Manufacturing Association of India (CMAI) has estimated that the industry will be able to achieve its export target of $18 billion this year. Indian exporters face tough competition from China, Bangladesh, Vietnam and other countries having cheaper manpower. But experts say that increasing labour costs in these countries will favour Indian exporters in the coming years. Exporters also hope to earn better profit due ...