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Technopak Leadership Forum projects 3-fold rise in T&A industry
06
Sep '10
Technopak Advisors, one of India's leading management consulting firms hosted the 2nd Technopak Annual Leadership Forum for the Textiles and Apparel industry in Mumbai on September 3, 2010.

This exclusive, by-invitation-only forum provided a platform for 150+ stalwarts from the textile, clothing and apparel retail industry as well as representatives from the Ministry of Textiles, to debate and offer industry perspectives on the state of the regulatory framework, growth prospects and opportunities for the domestic and international market; as well as the key challenges faced by the industry.

A Technopak Research Report on Textile and Apparels (T&A) released at the event estimates that:

• The Women's wear apparel market is growing at a higher rate of 12% than men's wear at 9%; to reach 43% in 2020
• The Indian domestic T&A market size is expected to grow @ 11% CAGR to reach Rs 6,56,000 crores by 2020
• High growth categories include Women's casual wear, Innerwear, Activewear, Kids wear, Women's Western wear, Plus Size Apparel, Lingerie, Workwear & Uniforms, Technical Textiles and Home Textiles.

An eclectic list of senior and CXO level representatives comprising of Mr. Dilip Jiwrajka, Managing Director, Alok Industries Ltd., Mr. Gautam Chakravarti, Executive Director, Blackstone Advisors India Pvt. Ltd., Mr. Ashesh Amin President – Apparel and Retail, S.Kumars Nationwide Ltd., Mr. B. S. Nagesh, Vice Chairman, Shoppers Stop, Mr. Martin Jones, CEO, Marks & Spencer Reliance India, Mr. Pradeep Hirani, CEO, Kimaya Fashions and many more, ensured that the panel discussions were dialogue driven, interactive and result-oriented.

One of the highlights of this year's forum was the Technopak Research Compendium that was released, which showcased some interesting trends. It was observed that even though currently, menswear apparel has a majority share in the Apparel market (43%), women's wear is growing at a higher rate of 12% compared to men's, which is growing at 9%. Due to this high growth, women's wear share is expected to reach 43% in 2020 from the current 37% share. Apart from this, kidswear is also growing rapidly with higher growth in girls' wear (11%) than boys' wear (10%).

Speaking at the inaugural session of the 2nd Technopak Leadership Forum, Mr. Arvind Singhal, Chairman, Technopak Advisors highlighted the growth drivers for the industry, “Growth within the industry will be driven by innovation across product, design and brand, channel and also business processes. Further, it is important for the industry to identify and create new mega clusters- Madurai, Mundra, Ambala and Mangalore, having tremendous potential for manufacturing.”

Mr. Singhal further outlined the need for collaborative and more aggressive entrepreneurship, increasing scale through- mergers, acquisitions, divestments and bringing forth positive outlook for the industry to attract the best managerial and operational talent to provide further impetus for growth within the industry.

Addressing the key note at the Technopak forum Mr. Dilip Jiwrajka, Managing Director, Alok Industries Ltd. said, “Private label in the organized retail industry will provide big impetus to the textile industry. Additionally, the government, Textile upgradation fund scheme should be leveraged for exporters to grow.”

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Technopak Advisors Pvt Ltd

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