Home / Knowledge / News / Textiles / Take lead in adopting responsible technology - Expert to Indian denim producers
Take lead in adopting responsible technology - Expert to Indian denim producers
03
Nov '10
Breaking all previous conventions of skipping the second day of proceedings, most of the delegates trooped in right on time on the second day of the first ever International Denim Conference, having enjoyed and lapped up every word spoken by the eminent speakers from the denim industry from India and abroad, on the first day.

The first session of the second day of the conference began with Mr Robin Anson, chairing the session. He was accompanied on the dais by Mr Chakor Jain, (Business Head – Lee) Arvind VF Corporation, Ms Jenna Caccavo, Trend Analyst at Cotton Inc. and Mr Enrique Silla, from Jeanologia from Spain.

Mr Chakor Jain began the first session proceedings with a powerful and gripping presentation titled “India goes Blue – An overview of the Indian denim industry”. He began by delving statistics of the revenues from the global apparel and footwear sector, in which India totes up US $30 billion, Brazil $31 billion, Russia $33 billion, China $96 billion, the EU $334 and finally the US at the top of the heap with $341 billion.

Among the above countries, the Chinese apparel and footwear market is expected to grow at a CAGR of 8.8 percent in the period 2010-2015, followed by India at 6.8 percent, Brazil with 4.1 percent, Russia at 3.1 percent, the US with 2.2 percent and finally EU at just 1.4 percent.

According to Mr Jain, India has a young population which will continue to fuel growth, along with which the GDP is estimated to grow at around 9 percent in 2012, a strong domestic savings rate at 32.5 percent, emergence of Tier 2 & 3 towns, beyond the seven metros.

He made a very thoughtful comment when he said that the youth is no longer considered a demographic entity, but is a mindset, which is aspirant, consuming and affluent.

The economy segment of the Indian denim jeans market, Mr Jain said accounts for 26.3 percent of the overall market, closely followed by the mass segment category with 25.3 percent, middle accounts for 12.4 percent, premium for 3.4 percent and finally super-premium for a miniscule 0.13 percent.

Among the opportunities for the Indian denim jeans sector, Mr Jain listed the generation between 17 and 28 years as the most influential category, who carry ipods and mypods, are struck to the internet and are highly demanding and ambitious.

He was of the opinion that the next wave of growth would come from the Tier II and III towns and cities and mainly from the women's apparel branded market. However, he said, the denim jeans category needs more innovations, may be like memory fabric jeans or jeans which could save you, in case of an accident.

He concluded by saying, the Indian denim market size currently is only 67 million pieces, which is less that half that of China, of which more than 40% is un-organised. Per capita consumption in India is less than one pair, as compared to eight in US, which means there is a huge room for growth inthe market.


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

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 ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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