Apparel market to grow at 12.65 per cent

Research and Markets latest report forecasts the apparel market in India to grow at a CAGR of 12.65 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing urbanisation in India. The Apparel market in India has also been witnessing increasing online retail sales. However, the increase in the number of counterfeit apparels could pose a challenge to the growth of this market.

The key vendors dominating this space include Aditya Birla Nuvo Ltd, Arvind Ltd, and The Raymond Group. The other vendors mentioned in this report are Alok Industries Ltd, Bombay Dyeing & Mfg Co Ltd, Mafatlal Industries Ltd, Monte Carlo Fashion Ltd and Reliance Industries Ltd