The Evolving Landscape of the Indian Clothing Industry

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The Evolving Landscape of the Indian Clothing
Industry A couple of the latest
developments augur well for the
clothing manufacturing industry in India and
the contract manufacturing business in
general. China plus one strategy is again gaining
momentum, and textile giants like Arvind Ltd. are
trying to cash in on the cotton textile
manufacturing front. Though not related to
the specific industry, Zetwerks acquisition
of 3 Indian contract manufacturers in the
aerospace domain significantly boosts the
contract manufacturing industry in India.
Latest trends in the Indian clothing
industry India has always been a strong
player in the global fashion industry.
Despite some nagging challenges, the
industry is set to maintain its growth
trajectory fueled by digital disruption and
scalability. The Indian apparel industry is
estimated to close at around 59.3 billion by
2022. Certain emerging trends in the sector
are Environmental consciousness
Sustainability awareness among consumers
is driving clothing manufacturers to adopt
organic fabrics and natural dyes while
implementing eco-friendly recycling methods to
minimise harmful industrial waste. Comfort
over style Lifestyles and preferences have
undergone a paradigm shift in the aftermath
of the Covid 19 pandemic. The emerging trend in
the fashion industry witnesses a shift toward
comfort clothing instead of style statements.
Athleisure outfits are finding a prominent
space in the wardrobes, and the industry is
adjusting its choice of fabric and colours
accordingly.
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Inclusive fashion Many designers and brands
are imbibing double- digit size clothing
into mainstream fashion. The plus-size
segment is carving out a dedicated space for
itself. The Indian clothing industry is riding
on an ever-growing Indian middle class with
substantial disposable income, a robust
manufacturing infrastructure, and increasing
adoption of modern technology. Market
Scenario The Indian textile and apparel
industry contributes around 5 to the
national GDP and is the second largest
employment generator after agriculture. India
is also the sixth largest exporter of textile and
apparel in the world, with the industry recording
about 44.4 billion in exports in 2021-22. In
2021-22, cotton clothing and artificial textile
exports witnessed yearly growths of 54 and 51,
respectively. The target for readymade garments
export for 2022-23 stands at 17.6
billion. India continues to be a major
global sourcing hub for clothing contract
manufacturing. Contact Industry Experts for
end-to-end guidance for all your sourcing needs.