Home / Knowledge / News / Apparel/Garments / Indian apparel exports grow steadily over last decade
Indian apparel exports grow steadily over last decade
08
Jun '12
Garment exports from India have witnessed a steady growth from about US$ 5 billion in 2001-02 to US$ 13.7 billion in 2011-12, according to Directorate General of Commercial Intelligence and Statistics (DGCI&S), Ministry of Commerce and Industry, Government of India.

Apparel exports jumped from US$ 5 billion in 2001-02 to US$ 6.4 billion in 2004-05, US$ 8.3 billion in 2005-06, US$ 10.3 billion in 2008-09 and US$ 11.3 billion in 2009-10.

In 2011-12, India's apparel exports grew by 18 percent year-on-year to US$ 13.7 billion over exports worth US$ 11.6 billion posted in 2010-11.

Explaining the reasons for the Indian apparel exports registering a positive growth continuously in the recent past, Mr Amit Gugnani, Senior Vice-President, Fashion and Textile, Technopak, told fibre2fashion, “Firstly, the Indian apparel export industry is an independent and self-reliant industry.”

“The clothing sector does not depend on raw material imports. Abundant raw material availability domestically helps the sector to control costs and reduce lead time across the operation,” he adds.

“Secondly, the availability of skilled manpower, at a cost lower than China, has provided competitive advantage to the Indian apparel industry,” he continues.

“Further, the Indian garment sector enjoys manufacturing flexibility, which helps it in catering to demand across various fashion categories,” he avers.

Around 70 percent of India's garment exports are towards its traditional markets of the US and the EU. However, owing to the ongoing financial crisis in these countries, apparel exporters are currently on the look out for new markets.

“The new markets that could be explored are Brazil, Russia, Australia, and maybe China, among others,” Mr. Gugnani opines.

Despite the financial woes troubling the US and the EU economies, some Indian clothing exporters have been doing well, while others have been feeling the pressure of reduced volumes.

“Largely, vertically integrated suppliers and the ones who have developed large capacities will gain in the coming years. Moreover, supplier consolidation has been a key trend with most retailers. So, suppliers who are more reliable on delivery and quality, have lower lead times, are flexible in handling a variety of styles and have lean operations, will continue to gain in future,” he concludes.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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