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

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search