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Indian apparel sector metamorphosis into key global player

24
Aug '09
India is perceived as a country with the biggest growth potential after China with an estimated growth of 7% per annum. Export revenue generation from the Indian apparel industry is expected to reach $34 billion USD by 2010.

The share of the Indian textile economy in the global market is around 5.9%. India is one among the handful of countries that owns the entire supply chain in proximity from diverse fibers to a large market. The supply chain provides around 70% of its production to the domestic market, and is capable to offer a mix and match of variety of products and applications.

Level of operational efficiency, and its ability to capture deals with more clothing marketers, both at the national, and international level are the key factors for the success of the industry. Currently, the supply chains compete on low cost, accurate delivery, good quality, and flexibility in quantity and diversity.

With abundant availability of skilled manpower, variety of fabrics, and resources, the Indian apparel industry is now undergoing a rapid metamorphosis, shaping out to become an integral part of the global supply chain.

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Fibre2fashion News Desk - India


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