The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020. Of the total market size domestic consumption accounts for approximately 60 per cent and exports accounts for the rest approximately 40 per cent. The domestic market is expected to show higher CAGR of 10 per cent in comparison to exports, which is expected to grow at CAGR of 6 per cent over next five years.
Browsing: apparel industry
The dynamics of the global garment and apparel industry have changed considerably in the last decade. The industry is shifting from China, the world’s largest clothing exporter, towards developing regions like South Asia and other emerging markets. Increasing wages in China have led international brands to focus their energies on, and seek alternatives in countries like Bangladesh, India, Pakistan and Sri Lanka.
Through its Export Cell and Cluster Development Initiatives, ITAMMA has organised three seminars on the topics based on the need of the industry clusters.
SizeITALY, the representative Italian serial measurement survey programme, is a joint project of the Human Solutions Group, several partners from the Italian apparel industry and Sistemi Assyst,
The apparel industry should aim at exports of $60 billion in the next three years as there are visible signs of revival in key markets of the US and Europe. ¨Signs of revival are visible in the US and EU.
KCT-TIFAC CORE in Textile Technology & Machinery of Kumaraguru College of Technology, Coimbatore jointly with Department of Fashion Technology organised a workshop on “WOVEN CAD” recently at Kumaraguru College of Technology,