Clothing Manufacturers in India and Their Value in World Economy

Generally, India’s textile industry is the 2ed major industry, preceded by the farming sector. Nevertheless, the world has been changing drastically, and so as Indian economy and its contributing sectors. For the past one decades, the face of Indian economy has changed from the farming based to knowledge and information based. Clothing manufacturers in India have taken this chance to blend it with technical and semi skilled workforce. At these days, India is the second largest manufacturers of apparel in the world, and market experts forecast that it will soon overtake China, the worldwide leader in the industry.

The Opportunity:

As per Clothing Manufacturers, Indian market for garments and apparel has a huge growth capability. Indian Government’s records also substantiate the scope of the sector in the near future. According to Ministry of Textiles, the sector contributes 5% to India’s Gross Domestic Product, 14 % to Industrial manufacture and market capitalization at 20% per annum. Exporters and Manufacturers in Indian apparel industry allege to contribute to the country’s export earnings by 18% per annum. Market experts reveal that the apparel trade is growing at a rate of 35% per annum in the country and India enjoys 8% share in the international market, which, clearly, entails the huge growing opportunity reside with the sector. There are big scale manufacturers and exporters in the country, but, a majority of the section runs small and medium scale firms.

Ecological Belt:

Clothing Manufacturers in India are spread from Noida(North) to Maharashtra in West and in the southern part of the country: Tamil Nadu, Andhra Pradesh and Karnataka. Surat and Mumbai are the hubs of clothing manufacturers and exporters in the country due to the availability of seaports for trading purposes and heavy clothing manufacture in the region.

International Market Demand:

Indian textile industry is recognized for its high-quality clothes for baby, kids, men and women across the world. The requirement for clothing, manufactured in India is growing exponentially in the world market, because Indian textile houses manufacture quality clothes at relatively lower cost than the other recognised countries. The major impact to the reasonable price of Indian clothing is the availability of manpower at reasonable price.

All the above given statistics propose high figures and talk about the bright future of the Indian textile industry along with its importance in world economy.

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