Home / Knowledge / News / Apparel/Garments / IFF commences with forecasts for Indian fashion segment
IFF commences with forecasts for Indian fashion segment
13
Mar '12
The first day of the 12th edition of India Fashion Forum (IFF), the largest congregation of the fashion industry, witnessed a euphoric start with renowned fashion brands and industry stalwarts sharing their perspectives and forecasts for the Indian fashion segment.

The inaugural session on - Growing the fashion market put forth some thought provoking insights by leading retail honchos including Akhilesh Prasad, COO, Reliance Trends, Rakesh Biyani, Joint MD, Pantaloon Retail and Kabir Lumba, Managing Director, Lifestyle. Prior to the panel discussion Jayant Kochar, Group Director & CEO of Images Group shared a presentation on the fundamentals driving the growth of the fashion retail segment, key challenges and some opportunities that lie ahead in the industry.

Akhilesh Prasad said, “The previous year saw tremendous growth and it is important that this pace is maintained going forward. The fashion market which was conventionally male dominated is now opening up to women who are becoming more fashion and brand conscious. The fashion segment in India is been driven largely through media including Bollywood, Television, Internet and the proposed 4G and other wireless media channels.”

Adding on to this Kabir Lumba stressed the need to merge affordability with customer needs. “To tackle increased competition and the availability of a large array of brands in the market, companies will have to offer more niche products across various portfolios. The trend is now shifting from western wear to ethnic wear like salwar kameez. There is a need to meet with customer expectations in terms of quality while identifying strategies to ensure affordability,” he said.

“The past twelve months have been challenging for the segment with inflation at its peak and leading to a price hike from 8% to 22%. The introduction of several taxes over the past one year has led to an escalation in prices by almost 11%. The organized retail sector still has his own set of challenges that it needs to tackle,” said Rakesh Biyani.

The session on “Indian Apparel and Fashion Market – 2012 and beyond” witnessed a presentation followed by a panel discussion with Anjana Sharma, Director - Fashion, IMG Reliance, Amir Sheikh, Country Manager – India, Woolmark Services, Nikhil Chaturvedi, MD- Provogue, and Rachna Agarwal – CEO, Indus League. They identified kidswear and maternity wear as the key growth areas for fashion segments.

In the words of Anjana Sharma, “There is a huge market abroad of people using the medium of online shopping, and this trend is surely catching on in India. There is a requirement for fashion brands to keep up to the latest international trends in line with the communication of these brands via various media channels.

Amir Sheikh said, “FDI in retail is expected to player a pivotal role in the Indian retail sector. This will lead to more brands penetrating the Indian market, cut-throat competition and invariably high retail rentals. Given the escalating rentals over the past few years E-tailing is expected to take centre stage as it has in other countries across the globe.


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X