The garment industry has played a pioneering role in the development of multiple sectors. In India, ready-made garments are divided into two broad categories which are woven and knit products. Shirts, t-shirts and trousers are the main woven products while undergarments, shorts, sport wear, cardigans, stockings, socks, sweaters and other soft garments make up the knit garment category.
Few years ago, woven products dominated the garment export earnings of the country. But recently, there has been a sharp rise in the demand for knitted garments. India is the second largest manufacturer of garments after China. Most of the garment manufacturers in India are in the small and medium scale industry. The sole reason why there has been an increase in the demand for garments is because men and women have become more fashion conscious these days.
In order to meet the growing demand of the global market, Indian designers, manufacturers, exporters, suppliers and wholesalers have increased the production of knit garments. The Indian garment industry has advantage of cheap labour. Besides labour and duty advantage, raw materials are also cheaper in India. The use of sophisticated machinery has enable manufacturers and exporters to achieve better quality and stylish garments. There has not only been an increase in orders from global buyers but also rise in investment in the garment sector. India’s export earning mainly comes from the garment industry.
There has been a fast-track export growth rate in India but there are few challenges and bottlenecks which the country yet has to go through. Some of the common problems faced by the export garment sector include unreliable power supply, inefficient infrastructure, high interest rates, corruption, transportation and energy glitches and weakness in law and order. The government is constantly making efforts to mitigate these problems and offer the best machinery and workforce to the garment industry.
Besides the export market, the retail outlets have also contributed to tremendous economic growth. In India, there has been a significant increase in branded apparel outlets and shopping malls. Over the years, there has been a change in the lifestyle of the average middle-class Indian consumer. The increase in disposable incomes of the people has given them a chance to spend more clothing and apparel. The apparel retailing in India consists of 95% of total sales in department stores; 70% in hypermarkets such as Big Bazaar, Spencer’s Retail, Spar etc.
Today India is measured as the most favourite destination for trade and investment. Apparel has become the most profitable sector because it has altered the lifestyle of the consumer.
The future of the Indian garment industry looks promising with the potential to grow in the coming years.
The Imperial is a leading apparel buying house in Tamil Nadu. The company offers end to end sourcing services to international apparel companies which help global brands build and grow their business. The Imperial specializes in home linen, knitted and woven garments for men, women and kids. The garments manufactured by them are known for their latest designs, prints, cuts and styles.