Home / Knowledge / News / Apparel/Garments / Textile & apparel sector to grow by 9% - Technopak
Textile & apparel sector to grow by 9% - Technopak
Oct '09
Technopak Advisors, one of India's leading management consulting firms hosted its first Annual Leadership Forum for the Textiles and Apparel industry in Mumbai on October 6, 2009.

The by-invitation-only forum provided the platform for 150 industry stalwarts such as Mr. J Suresh, CEO, Arvind Brands; Mr. Arvind Singhal, Chairman, Technopak Advisors; Mr. Arun Sirdeshmukh, CEO, Reliance Trends, Mr. Iqbal Ibrahim, Managing Director, Al-Karam (Pakistan) and Ms. Deepika Rana, Executive Vice President, Li & Fung, (India), among others to debate and offer industry perspectives on the state of the regulatory framework, growth prospects and opportunities for both the domestic market and international trade; as well as the key challenges faced by the industry.

The key conclusions arrived at from the key note and panel discussions were:

•India's current share of the apparel market is 3%. This is far below the initial projection of 15% by 2015 when the quotas were first phased out in 2005. The reason for this lost opportunity is that in spite of having the second largest textile complex after China, there is segmentation within the industry. Cotton, yarn, and fabric-manufacturers exist as lobbies working at cross-purposes rather than as one industry.
•Rural, mass and ethnic wear are huge opportunities that are popularly overlooked in favor of urban, premium and western wear.
•Indian domestic apparel market is currently pegged at between 12-15 thousand crores, with several high potential demographics still untapped such as teens, extra large sizes and children, among others.
•Currently, 40% of international trade is between the European countries. Much of this presents an opportunity for Asia.
•The textile and apparel industry is facing a liquidity crunch therefore investments are low
•4-5 big retailers consume 50-60% of the industries production capacity with imports having become weak.
•Mass merchants such as Reliance, Aditya Birla, Walmart, Metro, Kafu expanding their business would be an opportunity for producers and a threat for brand owners.
•The industry is faced by economic challenges that threaten its growth as compared to competing countries such as Egypt and China. While low cost of labour is an advantage, power and water is expensive and scarce; interest rates and capital subsidy are very high.
•Technical textiles provide a huge opportunity as there are more than 6000 different technical textiles. However, to be able to succeed in this area in the western markets requires performance guarantees that the infant technical textile sector in India would find difficult to offer. The other barrier in capitalizing on this opportunity is lack of access to intellectual property. So while it may be possible to acquire the machinery, the technology itself is restricted. Currently 500-1000 crores are invested in technical textiles.

Technopak also released a white paper on the Indian textile and apparel industry. Some highlights from the white paper are:

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search