According to the report of the Ministry of Commerce, Industry and Commerce of India Government, the clothing export of India has steadily increased over the past decade, from US$5 billion in 2001-02 to US$13.7 billion in 2011-12.
Garment export growth soared from US$5 billion in 2001-02 to US$6.4 billion in 2004-05, increased to US$8.3 billion in 2005-06, and increased to US$10.3 billion in 2008-09 in 2009-10. It has grown to 11.3 billion U.S. dollars annually.
In 2011-12, Indian apparel exports increased by 18% year-on-year to US$13.7 billion, which is higher than US$11.6 billion in 2010-11.
Mr. Amit Gugnani, Senior Vice President of Technopak Fashion and Textile Company, explained the reasons for the continuous growth of Indian apparel exports in the last decade. First, the Indian garment export industry is an independent and dependent industry.
The Indian apparel industry does not rely on raw material imports. The abundant supply of raw materials in China helps to control costs and shorten delivery time throughout the entire production process.
Second, there are many skilled laborers and the cost is lower than China. These conditions provide the Indian apparel industry with a competitive advantage.
In addition, the garment industry in India enjoys the flexibility of production, which helps the apparel industry meet the requirements of various fashion products.
About 70% of Indian garments are exported to the U.S. and EU traditional markets. However, due to the financial crisis in these countries, garment exporters are currently looking for new markets.
He believes that the markets that can be developed are Brazil, Russia, Australia, and possibly China.
Although financial problems have plagued the U.S. and EU economies, some Indian apparel exporters have done a good job, while other exporters have felt the pressure to reduce exports.
He said that, to a large extent, vertically integrated suppliers and those already possessing large-scale production capacity will outperform the next few years. In addition, supplier integration has been a major trend for most retailers. As a result, suppliers that are more reliable in terms of delivery and quality have shortened delivery times. They have the flexibility to produce a wide variety of styles of products and operate leanly. They will continue to win customers and markets in the future.
Garment export growth soared from US$5 billion in 2001-02 to US$6.4 billion in 2004-05, increased to US$8.3 billion in 2005-06, and increased to US$10.3 billion in 2008-09 in 2009-10. It has grown to 11.3 billion U.S. dollars annually.
In 2011-12, Indian apparel exports increased by 18% year-on-year to US$13.7 billion, which is higher than US$11.6 billion in 2010-11.
Mr. Amit Gugnani, Senior Vice President of Technopak Fashion and Textile Company, explained the reasons for the continuous growth of Indian apparel exports in the last decade. First, the Indian garment export industry is an independent and dependent industry.
The Indian apparel industry does not rely on raw material imports. The abundant supply of raw materials in China helps to control costs and shorten delivery time throughout the entire production process.
Second, there are many skilled laborers and the cost is lower than China. These conditions provide the Indian apparel industry with a competitive advantage.
In addition, the garment industry in India enjoys the flexibility of production, which helps the apparel industry meet the requirements of various fashion products.
About 70% of Indian garments are exported to the U.S. and EU traditional markets. However, due to the financial crisis in these countries, garment exporters are currently looking for new markets.
He believes that the markets that can be developed are Brazil, Russia, Australia, and possibly China.
Although financial problems have plagued the U.S. and EU economies, some Indian apparel exporters have done a good job, while other exporters have felt the pressure to reduce exports.
He said that, to a large extent, vertically integrated suppliers and those already possessing large-scale production capacity will outperform the next few years. In addition, supplier integration has been a major trend for most retailers. As a result, suppliers that are more reliable in terms of delivery and quality have shortened delivery times. They have the flexibility to produce a wide variety of styles of products and operate leanly. They will continue to win customers and markets in the future.
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