A country known for producing garments of high quality, India has a large number of small, medium and large-scale factories engaged in manufacturing apparels. The clothing companies are showing gradual growth, the main reason being people are becoming more conscious towards fashion. With technological advancement and the introduction of sophisticated machines, the traffic from these businesses has started dominating Indian economy.
Influence Of Our Apparel Factories On The Global Market
The market size of companies manufacturing apparels is increasing all over India. The country is typically blooming with lifestyle and fashion. The companies are showing gradual growth with each passing year. The focus of every Garments Industry in Bengal is not only on designing the apparel but they also undertake the task of manufacturing those. With companies going to such an extent in making their business flourish, the dominance of apparel factories on the global market is only expected to enhance.
Bulk Opportunity Of Employment
With people becoming more fashion conscious the number of apparel factories is only expected to increase and with it will rise the opportunities of people getting employed. The field of fashion designing is also blooming with more and more students interested in undergoing those courses. India being the perfect epitome of diligence and skill, the employees here are more effective workers. Workers that suits best the apparel factories.
Export Of Indian Clothing
Apparel companies in India earn high revenue by exporting their products. Indian retailers and manufacturers have witnessed considerable profits in the last few years. Stylish apparels are been produced and exported from India because they are available at a reasonably lower price. The main reason is the availability of labours at a much cheaper rate. The wage rate being low, the profit margin is high. Instances of Indian companies importing apparel from abroad are very low, almost negligible.
Domination Of Men’s Wear In The Garment Market
With men becoming more fashion conscious as compared to females, the consumption of fashionable men’s attire has increased globally and so has its demand. According to reports, around 1254370 units of men’s garment were produced in the year 2002, while the figure rose to 1393639 units in the year 2006. The apparels constitute more than 44% of the total market and are expected to grow yearly at a constant rate.
Latest News Of Garment Industries
- The factories are estimated to have a requirement of around 1.5 million workers in the near future.
- Many Indian apparel companies employ around 400,000 workers daily with additional 500,000 workers seasonally.
- Mostly teenage girls and women are being employed in these factories, the much-needed booster, especially for the Indian society.
- International brands and giant industries are sourcing more apparel and fabric from India because of the low price.
- India has been projected to become one of the leading exporters of garments.
Since clothes play a vital role in enhancing one’s beauty irrespective of their age and gender, the market of apparel is only expected to flourish with each passing year.