Home / Knowledge / News / Textiles / Technopak Leadership Forum projects 3-fold rise in T&A industry
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.”

Click here for more details

Technopak Advisors Pvt Ltd

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

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

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

Jay Ramrakhiani
Occasions Elegance Wear

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

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
January 2017

January 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