Contract Manufacturing Consultants In India a Strategy for Expansion (1)

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Role of Contract Manufacturing in the growth of
Indian Textiles and Apparel Industry The Indian
fashion industry is widely known as a fiercely
competitive industry and has become a dream
market for most marketers across many product
segments. Seeing the future potential, the
garment manufacturing companies in India have
already lined up investments for future capacity
expansion. Well-known companies like Raymond,
Arvind mills, Sutlej Textiles, Mandhana
Industries Limited etc. have significantly
invested in areas like homes textiles, denim, and
garment. Indian domestic textile and apparel
industry contributes nearly 2 of Indias GDP and
accounts for 14 of industrial production, 27 of
the countrys foreign exchange inflows and 13 of
the countrys export earnings. The Make in
India initiative, with its skill, scale, speed
and zero-defect, zero effect policy as also the
Performance Linked Scheme has further provided
the impetus to the employment, production, and
exports in the sector. The fashion apparel
manufacturers in India are introducing trendy
clothes with different fabrics, patterns, styles,
colors, and designs to keep consumers updated
with the latest trends. India has the
second-largest population in the world and hence,
the demand for textile and apparel products is
huge. One of the most significant industrial
sectors, the textile industry of India plays a
major role in contributing to the national
economy, employment generation and exports. Not
all companies have A to Z resources to get done
with the entire manufacturing process and for
that, they hire contract manufacturers. The
textile contract manufacturers produce the
products according to the companys designs and
specifications. The business model for the
textile industry primarily focuses on export as
India is the second-largest textile manufacturer
and exporter in the world.
Womens apparel industry of India - Womens
apparel is a broad category of products
including, casual, ethnic, formal and gym wear.
Indias womens wear market has grown rapidly in
recent years in both quantum and variety as
besides other factors, increased employment of
females is an important factor contributing to
the diversity and volumes of business.
Consequently, the leading womens apparel
manufacturers in India are providing exclusive
high fashion clothing items in different sizes
and price segments for fashion-conscious
individuals. The womens apparel market is
estimated to reach nearly 39 billion US
2
dollars by 2025 in India and the growth rate of
western and innerwear has been projected at 14
between 2020 and 2025. Mens apparel industry of
India The Indian apparel industry has
traditionally been ruled by women, mens
purchases were need-based and on the other hand,
women were more inclined toward fashion trends.
But, it is visible that tables have turned now
and Indian men are paying more attention to how
they look. The mens apparel industry is made up
of mens activewear, formal wear, essentials,
casual wear and outerwear. The mens western wear
market has been the biggest, with the formal
wear segment being the largest contributor over
the years. The mens apparel manufacturers in
India are focusing on transitioning the menswear
market from tailor-made to ready-made clothing
due to the popularity of ready-made clothing
among young and working Indian men. The market
value of men's apparel is estimated to be about
3.3 trillion Indian rupees in 2028 across the
country. This heralds a significant increase from
1.6 trillion rupees worth of the men's apparel
market in 2018 which was dominated by the shirts
segment. Selecting suitable contract clothing
manufacturers in India can be a challenge and to
make the process a bit easy, Industry Experts, a
B2B sourcing platform, helps in finding relevant
apparel contract manufacturers according to the
business needs.