21 July 2022, Mumbai:

“Way forward for Indian textile sector is companies are required to go vertical augmenting scope & scale by foraying into apparel manufacturing plants/value addition if Indian textile sector were to raise its market share in the global textile trade deeply integrating into supply chains”, Mr Sanjay Lalbhai, doyen of the Indian textile industry and CMD of Arvind Ltd informed delegates at one of the conferences.

From fibre, yarn, and fabric to garments, India's textile and apparel industry has strengths along the whole value chain. The traditional handloom, handicrafts, wool, and silk items, as well as the organised textile industry in India, constitute a large portion of the widely diversified Indian textile and apparel market.

The organised textile sector in India, which encompasses spinning, weaving, processing, and garment production, is characterised by the employment of capital-intensive equipment for the mass production of textile items.

ALSO READ  Indian Textile Industry: Challenges & Opportunities

From April 2016 to March 2021, Italy, Japan, Mauritius, and Belgium will have contributed the most foreign direct investment (FDI) to India's textile industry (including dyed and printed textiles).

India's textile and apparel (T&A) exports, which include handicrafts, reached a record high of $44.4 billion in FY 2021–22, a significant rise of 41% and 26% over the corresponding amounts in FY 2020–21 and FY 2019–20, respectively. 40–50 million workers in related industries as well as 5.8 million farmers depend on cotton cultivation.

Additionally, the $75 billion in domestic consumption was broken down into $55 billion for garments, $15 billion for technical textiles, and $5 billion for home goods. 

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While exports included $12 billion in garment exports, $4.8 billion in home textile exports, $4 billion in fabric exports, $3.8 billion in yarn exports, $1.8 billion in fibre exports, and $2 billion in other exports. 

RELEVANT NEWS  How Much Is Depreciated Currency Supporting the Indian Textiles Sector

The Production-Linked Incentive (PLI) Scheme in Textile Products for Improving India's Manufacturing Capabilities and Improving Exports - Atmanirbhar Bharat - has received approval from the Union Cabinet, which is presided over by Prime Minister Shri Narendra Modi.

1. Out of 67 applications filed, 61 applicants have been granted approval under the Production Linked Incentive (PLI) Scheme for Textiles.

2. The government eliminates the import tax on cotton.

3. The programme consists of two parts. Part 1 requires a minimum investment of INR 300 crore and a minimum turnover of INR 600 crore to qualify for an incentive. Part 2 requires a minimum investment of INR 100 crore and a minimum turnover of INR 200 crore to qualify for an incentive.

RELEVANT NEWS Vietnam To India: How Can the Indian Textile Sector Benefit 

It makes sense that Vietnam and Bangladesh, which export more textiles than China alone, are third and fifth, respectively, in the current World Trade Organization data assessment. India's exports have decreased 20% from 2016–17, reaching $29 billion in 2020–21, according to the Ministry of Commerce.

According to Wazir Advisors, the domestic market has decreased 30% in the last year, to $75 billion in 2020–2021; the firm predicts that the market will increase to $190 billion in 2025–2026. 

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Growth is essential since the textile industry employs about 45 million people and provides between 2 and 3 percent of India's GDP, 7 percent of industrial output, and 12 percent of export revenues.

RELEVANT NEWS 6. How Favourable Is Rupee's Precipitous Fall For Indian Textile Sector 

In order to support its growth, the government unveiled a Rs 10,683 crore production-linked incentive scheme in September. Its goal is to boost the production of technical textiles, which are used to create items like sportswear, fishing nets, and disposable medical equipment.

Manufacturers have the option of investing either at least Rs 100 crore or at least Rs 300 crore and achieving a turnover that is at least twice as large comparisons.

A quick comparison with competing global apparel manufacturers in the developing world mirrors that the problem is quintessential to our internal conditions and then external factors.

This “shrinking global trade” argument has been made many times before too as an excuse for justifying India’s Textile trade & commerce below par performance in the exports.

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16 July 2022, Mumbai:

Core Philosophy

The apparel/readymade garments trade is typically subdivided into the following categories: women's outerwear/innerwear, men's and boys' summer/winter/work/outerwear, children's ready-to-wear, swim/beachwear, and lingerie.

Utilizing recycled resources is commonplace now, albeit it is practically unheard of in any other industry to produce artificial fibers. In the modern world, recycling is crucial if we want to preserve the earth for the next generations.

Since there is the creation of new items from old, useless ones, it benefits the environment.

ALSO READ Ridhi Mehra launches affordable ready-to wear- line Wildflower

The business said in a news statement that Ridhi Mehra, known for her sumptuous traditional wear, has expanded into fusion wear with her new line Wildflower.

The line's lower price point is intended to make it more accessible to brand aficionados and increase the consumer base for the label.

Dawn of Love reflects the true spirit of love and celebrations.

ALSO READ  Reliance Brands’ consumers step up affordable luxury purchases 

She is prepared to envelop the ideal moments in fascination as the world learns about the lovely intricacies of tiny, private weddings. Dawn of Love honors the true spirit of festivals with silhouettes created for and by love.

The vibe is contemporary, despite the traditional shapes. With a blend of traditional Indian aesthetics and European inspirations, Ridhi Mehra's brand epitomizes a distinct passion for vintage. 

RELEVANT NEWS  Sustainable but affordable Fashion 

According to the firm, the collection aims to obliterate distinctions between Indian clothing and streetwear.

The brand combines its slouchy designs with a flamboyant style, including a lively color scheme, exuberant mixing of patterns, and color blocking. The collection's standout items include patterned kurtas, matching sets, flared pants, and jackets with belts in a throwback design.

Are global consumers ready to embrace sustainable fashion? 

According to a KPMG report," Net support of the sustainable fashion concept is at 49 percent in Tokyo, 55 percent in New York, 54 percent in London, and 71 percent in Hong Kong, with Shanghai in the lead at 90 percent.

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Now is the moment to realign our buying habits to a more thoughtful approach since the globe is eager to assist small companies. Instagram has launched a new Support Small Business sticker in stories, just in time as businesses worldwide start to grow again.

In a simultaneous speech to the country, Prime Minister Narendra Modi urged citizens to assist local products to get recognition on a worldwide scale, saying it is time to become outspoken about our products. 

RELEVANT NEWS  Bavincis to offer 'affordable luxury'

Libas, an affordable clothing company from India that targets the mid-segment market, expanded by setting up its first physical locations in Delhi in September of last year.

By 2025, it hopes to have 200 more of these arrangements. 

RELEVANT NEWS Ikea India to make products more affordable through increased local sourcing 
Trade per se has a unique role to play in supporting a shift to affordability in global supply chains. In particular, the core commitment to aligning the consumer's interest thus providing an optimum value for money/return on investment (ROI).

In the past several years, several small and mid-segment firms that deal in ethnic and fusion clothing, western wear, and leisure wear have risen due to the pandemic's start and its impact on consumer incomes and purchasing patterns.

Both known and emerging companies, conscious of the market's untapped potential, have assembled collections of distinctive and reasonably priced apparel for Indian women to try. Thanks to the digital wave, these collections are also being purchased.

Short Message

The article is trying to articulate giving readers valuable insight into what consumers are thinking, and the belief that the market is there for affordably sustainable RTW fashion.

Both known and emerging companies, conscious of the market's untapped potential, have assembled collections of distinctive and reasonably priced apparel for Indian women to try. Thanks to the digital wave, these collections are also being purchased.

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13 July 2022, Mumbai:

Decode: Indian T&A impact on the global supply chain

Post-MFA global sourcing status

As per India Brand Equity Foundation (IBEF) report," India is the sixth largest exporter of textiles and apparel products in the world with a massive raw material and manufacturing base".

The Indian apparel sector is preparing for tough times in the international markets, where it will lose customers to competitors and see reduced unit value realization.

India's apparel exports registered more than 30% growth during April-March 2021-22 to $16.02 billion compared to the same period last year, official data showed & industry faces a severe danger from failing to prepare for global competitiveness in the post-MFA age.

The Indian garment sector lacks internationally competitive capabilities, international quality, healthy FDI (foreign direct investment) flows, and progressive government policies even though MFA got abolished in January 2005 & notwithstanding 100% FDI is allowed in the textile sector under the automatic route.

ALSO READ  Urban consumers cut back on apparel spending amid rising inflation: Survey

Analyzing the impact on the global supply chain​​

According to a report by Icra, while China has maintained its dominance in the global markets, other competitors like Mexico and Bangladesh have made quick progress.

Exports of only $5.2 billion in 2000, compared to $36 billion for China and $8.7 billion for Mexico, place India in a precarious situation. Smaller competitors are vying to surpass Indian exports, including South Korea ($5 billion), Indonesia, Thailand ($3.9 billion), Bangladesh ($3.8 billion), and Sri Lanka ($2.3 billion).

ALSO READ  CMAI: Covid19 made apparel brands & consumers price conscious 

Changing global trade dynamics

On the back of quota policy concessions from the European Union and the US, the two biggest markets for this sector, even Pakistan has raised its exports to $2.1 billion and is striving hard for faster growth.

The South American nation of Mexico had exports of only $0.6 billion ten years ago, and it has experienced phenomenal development. Icra estimates that Mexico's market share in the US increased from less than 1% a decade earlier to approximately 15% in 2001.

Mexico's fortunes have improved recently thanks to the North American Unrestricted Trade Agreement (Nafta), which grants free access to the US market. Similar to this, Bangladesh has made significant progress as a result of quota concessions. 

RELEVANT NEWS  Consumers look to buy cheap garments from Bangladesh

In Brief

The size of a manufacturing facility that can create a product is critical in determining its success.

The main elements that affect every industry's production scale are labor, land, and machinery. India is fortunate to have inexpensive, plentiful work because of its large population and high unemployment rate.

What plagues the trade is that we are in an inflationary environment posing multiple challenges viz cost of raw materials which have increased unfundamentally due to unpredictable market conditions, weather, policies, and other factors.

RELEVANT NEWS Persistent Inflationary Forces Playing Out & Its Impact On T&A

State of Affairs

The Majority Of Apparel Firms Plan To Increase Supply Chain Transparency By 2027 But Obstacles Remain, A Global Survey By KPMG & SERAI Finds.

As per India Brand Equity Foundation (IBEF) report," Textile trade is the second largest employer after agriculture, providing direct employment to 45 million people and 100 million people in the allied sector".

India has a significant edge over wealthy nations because of its lower pay rates.

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Missed boat in perpetuity

India's textile and apparel sector may be compared to a rocket that took off towards the stars but lost its thrust somewhere along the way.

India ranks as the second-largest exporter of textiles and accounts for 5% of the world's textile and apparel market, but smaller nations like Vietnam and Bangladesh have a good chance of unseating it.

As per India Brand Equity Foundation (IBEF) report," India’s textile and apparel market size is expected to grow at a CAGR of 10% from 2019-20 to reach US$ 190 billion by 2025-26". 

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Moving the needle

Besides, assessing the coronavirus impact on the country's micro, small and medium enterprises, one of the KPMG studies noted that contractual, wage labour will get impacted more leading to layoffs, unrest, and lowering of purchasing power.

India is now only second to China in manufacturing, although it is highly uncertain whether this ranking will remain the same or change.

The Cushman and Wakefield 2021 Global Manufacturing Risk Index stated that India could benefit from relocations from China to other parts of Asia.

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17 July 2022, Mumbai:

During festivals, one of the ideal times for fashion designers to exhibit their artistic and creative notions via the most recent fashion trends and consumer purchasing behavior in India. Festivals are built on culture and provide a venue for honoring diverse facets of existence. They provide passion, joy, and sparkle to our lives.

Now is the time to enjoy special moments with loved ones and friends while embracing current fashions. Festivals do affect our wardrobe preferences and shopping behaviors in India. The celebrations are all religious.

ALSO READ  First week online festival sales in India rise by 23%: RedSeer Consulting 

Each tradition's beauty and importance come to life in its celebrations. There are many possibilities to participate in celebrations when one is a member of the Indian culture. Due to cultural variety, each event may be grandly and magnificently observed.

Festivals affect fashion since they offer the best opportunity to try out novel ideas and trends. What about Indian celebrations inspires individuals to dress traditionally? Indians hold their culture and traditions in the highest regard and deeply respect them.

ALSO READ Reliance Trends to launch shopping festival offering heavy discounts

Festival dress is an expression of love, respect, and appreciation for one another and a nod to the long-standing customs that have been passed down through the generations since the beginning of time.

Such attire gives off a distinct historical and cultural atmosphere that makes each wearer proud while making them appear lovely and fashionable.

In India, we embrace traditional or ethnic clothes, which influences our clothing choices and, by extension, our shopping habits. Near holiday seasons, the newest men's and women's fashion is best displayed. 

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Since fashion firms announce their newest collections around holidays, celebrations play a significant role in forming fashion trends. Festivals are a component of fashion, and they influence upcoming trends.

These are the kinds of events that everyone wants to mark elegantly and attractively. In celebrations all around India, people dress up in modern clothing with ethnic overtones. Several events offer chances to test out fresh looks and fashions. Festivities like Baisakhi, Durga Puja, Diwali, Pongal, Eid, and several others are celebrated while dressed traditionally.

It permits experimentation and imagination while coming up with outfit ideas.

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Whether purchased online or at a store, festive clothing is highly fashionable and attracts attention. It changes Indian customers' buying patterns. As celebrations get closer, demand for clothes drastically changes as festivals take over as the primary driver of garment purchases. Since everyone is experimenting with various colors, jewelry, and ethnic possibilities at this time, the fashion sector is particularly active.

However, as fashion tastes shift, casual ethnic dress has become the favored choice as time passes. Ethnic clothing, including salwar-kameez, kurtas, palazzos, dhoti pants, and sharara suits, became trendy during these periods. 

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The ethnic wear industry in India was worth over Rs. 925 billion in 2018, and it is projected to grow to a staggering Rs. 1.7 trillion by the year 2023, according to Statista.

The main drivers are the recession-proof Indian wedding industry, special events, traditional festivals, and business casual/workwear. The home market, which sells ethnic wear for men, women, and children, is controlled by companies like Manyavar-Mohey, Meena Bazaar, and Neeru's. W, Fabindia, and Biba closely follow. 

RELEVANT NEWS  DLF Mall of India launches two-week 'Wedding Shopping Festival'

Additionally, these fashion companies lead the way with solid communication, intriguing fashion partnerships, and trendy clothing offered at affordable prices. Over many years, the sector has seen a change due to the explosion of ethnic wear-related online retailers and technological advancements in product development.

The trend today has changed from buying prepared clothing to buying bespoke clothing when ladies used to purchase fabric and then have their ensembles fashioned by the neighborhood tailor.

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14 July 2022, Mumbai:

It is been proven to be more cost-efficient if polyester fabrics were manufactured by just recycling PET bottles since there'll be less heating and energy besides being best practice in the direction of a sustainable textile supply chain/circular economy besides plastic bottle waste can make synthetic fiber in a very frugal & economically viable price.

Utilizing recycled resources is commonplace now, albeit it is practically unheard of in any other industry to produce artificial fibers. In the modern world, recycling is crucial if we want to preserve the earth for the next generations.

Since there is the creation of new items from old, useless ones, it benefits the environment.

ALSO READ  UNIREC is selling environmentally friendly clothing made from recycled PET bottles  

Recycling is significant in the fashion business. The apparel business uses a lot of resources and pollutes a lot.

It is a consumer sector; therefore, it naturally encourages consumers to buy and discard items based on current trends rather than considering durability or the environmental impact. Attempts to change the status quo include organic and recycled textiles and environmentally friendly apparel.

ALSO READ Sulochana Textile Mills: Converting pet bottle into polyester yarn

"Recycled Polyester" is an environmentally friendly type of polyester fabric. PET is the starting material for recycled polyester, not polyester. The fact that this material was recycled to make fabric instead of ending up in a landfill saves it from being used to make transparent plastic water bottles.

However, recycled polyester eliminates most of the drawbacks of traditional polyester. Polyester fabric is not environmentally friendly since it requires significant amounts of water, chemicals, and fossil fuels during production.

The byproducts and raw materials are hazardous, damage the air and water, and result in several health problems. 

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Additionally, non-biodegradable fabrics have an unnatural gloss and feel, making them unpleasant to wear and generally unpleasant to touch. Because PET doesn't breathe as well as cotton or other natural fibers, it makes wearing it heated and perspiring.

As a result, recycled polyester is both skin-friendly and environmentally sustainable.

A second chance has been granted to five million plastic bottles that may have suffocated marine life or piled up in landfills. Billabong expands its commitment to sustainability by introducing Eco Supreme Suede, a brand-new material composed of recycled fabrics and plastic soda bottles.

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Bikinis and sleek surf shorts are made from this premium cloth. A single pair of boardshorts are made from about ten plastic drink bottles.

Polyethylene, a kind of polyester typically associated with a fabric used in garments and interiors, is the main component of plastic bottles. But in reality, both are polymers derived from fossil fuels.

The PET fabric, essentially polypropylene, is ten times stronger than a piece of typical polyester fabric. Recycled materials are in great demand worldwide, notably in Europe, because of their eco-friendly and skin-friendly qualities. 

RELEVANT NEWS The LYCRA Company has launched a fiber composed entirely of textile waste for use in insulation applications

Esprit, Ecoalf, and Printa are a few European manufacturers that employ recycled textiles in clothing. 

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Some businesses have installed PET phase capacity in India as well.

According to estimates, India generates 500,000 tonnes of pet trash annually, and the amount of waste will only increase owing to the rising usage of pet bottles in everyday use.

It all starts when you toss a PET bottle into a dust bin bag & as a start point the very same can turn plastic bottles into polyester & performance apparel doing the greatest good to our mother planet & posterity.

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12 July 2022, Mumbai:

An Overview

Post-Covid optically the consumer buying attitude towards apparel buying as a societal behavioral change is promising a huge potential & has bearing on the impending shift in the way the fashion industry used to work, quite optimistically which would cascade through the supply chain and drive a sea perceptional change towards putting the circular economy at the center stage of the fashion industry’s approach.

One of the growth pillars in recent years has been 'Fast fashion' construed to be a linear business model with the caveat of faster fashion turnaround clearly on the back of a rapid supply chain, all along the line.

The great majority of consumer fashion is caught in a linear paradigm, with most old clothing being discarded at an ever-increasing rate since it is believed to have little value.

A significant shift in the fashion business, which would ripple back through the supply chain and propel a step toward placing the circular economy at the core of the fashion industry's strategy, might result if customer attitudes regarding purchasing clothing significantly shift.

ALSO READ  Urban consumers cut back on apparel spending amid rising inflation: Survey

Consumers may promote better knowledge, comprehension, and transparency by using their purchasing power to demand progressive change and circular models that aim to boost quality, reusability, recyclability, and recycled content.

To tackle the difficult problems posed by this complex business and advance toward a more socioeconomically and ecologically conscientious fashion industry, building trust and collaboration along the supply chain will be vital.

ALSO READ  CMAI: Covid19 made apparel brands & consumers price conscious 

Around 150 billion pieces of clothing are produced annually worldwide, and their average price is steadily declining.

Customers wear products fewer times before deciding to throw them away as a result, which lowers the quality and value attached to that item. Clothing manufacturing increased twofold between 2000 and 2014, whereas wear rates fell by almost 40% between 2012 and 2016.

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Planned obsolescence and overproduction have recently increased as a result of modern civilization. Fast fashion is a linear business strategy that prioritizes a short supply chain and works to create, produce, and distribute new clothing products quickly.

This strategy succeeds because of the low cost of labor, the constancy of fashion trends, and, most crucially, the rise in consumer demand and spending power. People are assessed by the brands and fashions they wear, which has been a long-standing and underlying theme.

As a result, vast sums of money are spent on marketing the newest, ever-evolving trends.

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Recently, though, there has been a growing trend toward wanting to consume more responsibly, which we can only hope will eventually become more relaxed than wearing the newest quick fashion fads, as seen in stores like PrettyLittleThing or BooHoo. Businesses are making significant progress toward a more circular business model, and Defra's Waste Prevention Programme encourages this. 

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For instance, Arket promotes considering the long-term when shopping, and clothes should only be reused if they maintain a certain quality over time, and borrowing from others to decrease waste. 

RELEVANT NEWS  Fashion rental booms in India as consumers become more brand conscious and internet savvy

Pulse Check

To promote sustainable apparel purchasing, this study suggests style consumption. We achieve this by identifying style consumption's explanatory and outcome factors and looking at how these variables fluctuate according to gender.

We discovered that thrifty apparel consumption, fashion consciousness, and ecologically conscientious consumption increase the chance of style consumption based on an online survey with 586 consumers.

According to Oxfam, there are approximately 11 million items of apparel sent to landfill per week in the UK, and only 12% of the material used for garments is from recycled sources.

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16 July 2022, Mumbai:

Individuals and corporations generate income via the sale of products and services and through the investment of cash in assets like IRAs (IRAs). Pensions or Social Security are examples of additional income streams.

This money might be spent on items individuals want rather than need, or it can be utilized to pay for daily expenses and requirements. However, there are minute distinctions between discretionary and disposable income.

ALSO READ Urban consumers cut back on apparel spending amid rising inflation: Survey

This post will cover these distinctions, along with instructions on determining your discretionary income.

Knowing your discretionary income will enable you to determine your loan payback under an income-based repayment plan if you have student loans.

ALSO READ  Apparel Sector - How much is cost inflation posing a threat to volume and demand Pressure

One of the economic indicators used to assess the status of the economy is disposable income. the amount of net income that a household or person has left over after income taxes that they can use to invest, save, or spend.

The net amount you receive in your check when you get a paycheck is your disposable income. All required payments less discretionary income equals discretionary income. 

RELEVANT NEWS  Sustainable but affordable Fashion 

In the United States, a significant rise in disposable income translates into an increase in the stock market's value since stock valuation happens when there is plenty of employment and more spending.

A surge in consumer demand for products and services translates into higher production and output in the manufacturing and service sectors.

RELEVANT NEWS  E-tailer Sales: Going Strong Despite Inflation & Low Consumer Sentiment

The health  GDP of the United States depends heavily on consumer spending; when disposable income increases, households may choose to save and invest or to make purchases. 

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The average Indian consumer is currently in their mid-20s, which will impact sales, new product development, and product marketing within the fashion business. The number of working women in Indian society is also increasing due to shifting social standards.

This customer base, which enjoys financial freedom and the ability to make judgments, will be essential to the expansion of the fashion sector in India. 

RELEVANT NEWS Persistent Inflationary Forces Playing Out & Its Impact On T&A 

A further impetus for developing value-added items in the fashion industry will be rising family disposable income. The ambitions of Indian consumers will make it possible for them to go from "need" to "desire," and the rise in discretionary spending in their budgets would enable them to spend more on clothing.

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13 July 2022, Mumbai:

An Overview

Over the past 20 years, Tirupur, Known as ‘T-shirt City,’ or “Banian City” has established itself as a significant knitwear export hub, with operations in the US, Europe, and the Pacific. The Tirupur cluster has developed into a well-connected unit cluster that works together to turn cotton into knitwear items.

Specific units highly specialize in textiles production, dyeing, processing, stitching, and export marketing.

This town started making inexpensive cotton hoses in the 1930s, primarily for undergarments. Knitting was introduced to this region in 1937 by Gulam Kadar, who established Baby Knitting Industries in the Kaderpet neighborhood of Tirupur.

ALSO READ  TEA, Tirupur: Knitwear exports contributed 1% of India's exports in FY22 

The eco-system here is favorably supported here by the textiles Committee under the Ministry of Textiles, Apparel Export Promotion Council (AEPC); South Indian Hosiery Manufacturers’ Association (SIHMA), more active, Tirupur Exporters Association (TEA) representing the knitwear exporters in the city; and Knit Cloth Manufacturer’s Association (KNITMA), Tirupur Dyers Association and Tirupur Export Knit Printers Association (UNIDO, 2005).

Knitwear has historically been made in Tirupur, which has earned a reputation in India by producing cotton underwear in particular. Additionally, Tiruppur focuses on the low-volume mid-fashion sector, notably in the clothing and supplies of women and children to some of the biggest shops in the world, including Marks and Spencers.

From producing essential knitwear for the lower end of the local market, the Tirupur knitting cluster has expanded its product line to include t-shirts, polo shirts, sportswear, sweatshirts, ladies' outfits, children's clothing, nightwear, etc.

ALSO READ  TEA, Tirupur urges FM to help MSMEs with liquidity

The cluster necessitates a high level of specialization in most fields, including the provision of machinery and all facets of the manufacturing process.

More than 3.5 lakh people from nearby districts and states work in the knitting industry in Tirupur, including both local and migrant labor. Due to the agricultural background of the labor force accessible to businesses in and around Tirupur, the producers have long been concerned about the degree of expertise.

However, even without formal training provided by businesses, it takes an agricultural laborer three weeks on average to absorb the industrial process. 

RELEVANT NEWS Tirupur exporters expect a decline in FY23 garment exports

The Tirupur Tamilnadu center is crucial in this regard, generating up to 80% of the knitted apparel exports, or around 4% of India's entire export commerce, which accounts for about 45 percent of the country's clothes.

From a pitiful Rs. 10 crores in 1984, exports surpassed Rs. 11,000 crores in 2006–07. rupee-to-dollar export appreciation fell by 10% in 2007-2008, totaling Rs. 9,950 crores.

RELEVANT NEWS  Tea, Tiruppur: To eye $1 Tn Knitwear Exports During 3 Years 

The cluster's expansion has undoubtedly been made possible by the exporters' association, Tirupur Exporters Group (TEA). Along with holding international trade fairs in Tirupur, it collaborates with the National Institute of Fashion Technology (NIFT) to establish a fashion and training center.

In collaboration with a governmental agency and an extensive international private company, this has started an ambitious effort to rebuild Tirupur's urban infrastructure. 

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The Tirupur knitwear cluster annually expands by 15% to 20%. An essential hub, the hosiery town now generates annual revenue of Rs 27,000 crore from local and overseas markets, up from a few crores of garments produced three decades ago. 

RELEVANT NEWS TEA, Tiruppur's new machine fosters hope for khadi fabric weavers

Bird's Eyeview

Tirupur boasts 1,200 merchant exporters in addition to 800 garment manufacturing and exporting businesses, according to recent research by the Sripuram Trust.

Three hundred of them are clothing manufacturers that cater to the local market. Tirupur knitwear sector comprises 95% of MSME exporters.

Export of knitwear from Tirupur, near here, clocked the US $ 4 billion this financial year, Tirupur Exporters Association (TEA) has said. With this, the exports from Tirupur have contributed one percent to the total exports worth $ 400 billion from the country, the TEA said in a press release.

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12 July 2022, Mumbai:

An Overview

Ludhiana is one stop destination for woolen sweaters and cotton apparel. The hosiery industry here is since donkey years now. The city boasts of a rich history of Winter Hosiery Products Pan-India. According to a Business Standard report," The relevance of hosiery industry in Ludhiana could be gauged from the fact that 90% demand of the woolen market in India is fed by Ludhiana industry".

Ludhiana which is situated in the North Indian state of Punjab is an important industrial town noted for its textile and related businesses. 

LUDHIANA OFFERS, HOSIERY, WOOLEN GARMENTS, WOOLEN KIDS SUITS, QUALITY PRODUCTS, FIXED PRICE, FACTORY MANUFACTURER UNIT, AND WARM SUITS.

The COVID-19 pandemic and continuous farmers' protests are making it difficult for Ludhiana's hosiery sector to satisfy demand this winter, which prevents traders from Delhi, Haryana, and Uttar Pradesh from traveling here to purchase the material.

A glimmer of optimism was provided by the early beginning of winter for the producers of woolen clothing. Still, they cannot meet demand due to the epidemic and the current farmer demonstrations at Delhi's borders.

ALSO READ Ludhiana MSME Association: Apparel Sector seeks tech upgrade from the next Punjab government

Anuj Bahal, a store owner at a wholesale market, told ANI, The traders from neighboring states could not come here and acquire the material because of the ongoing farmers' protest.

He added that the wedding season is a little off because of the outbreak. Sales this year are down. The current environment has altered traders' perspectives. He added that sales have decreased by 30 to 35 percent compared to last year, as he said.

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According to Akhil Sachdeva of Pinnacle Fashion and Retail in Ludhiana, despite good demand brought on by the early start of the winter season, sales have been impacted by farmer protests.

However, sales started declining in December due to the continued farmers' protest. The peak season for the woolen business is in November and December since this is when demand peaks typically. However, the city's recent curfew has negatively impacted production and the industry severely.

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The previous several days have been a nightmare for units supplying the local demand, according to Charanjit Singh, Secretary of the Knitwear Club. He said that customers from other locations usually travel to Ludhiana on weekends, or Saturday and Sunday, to acquire the stock of woolen.

Still, the unstable situation in the city caused enormous losses for the hosiery companies. He also said that because woolen hosiery was a seasonal product, incidences like these would not bode well for the sector.

Ludhiana apparel industry growth story/history has been on the back of attaining attractiveness to entrepreneurs of diverse backgrounds in search of a job and economic/business opportunities.

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The lockdowns most negatively impacted smaller firms since the bulk of Ludhiana's garment manufacturing facilities are in the unorganized, cash- and credit-based sector.

This, combined with the recent labor shortage caused by migrants returning home in significant numbers, gave the industry a severe hit. 

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Owner of the city's Silver Arc Mall, Ajay Nayyar, predicted that as more people enter the clothing stores now that the hours have been extended to 8 p.m. More than 80% of people who visit malls nowadays want to make a purchase.

This proportion was lower before the Covid era as more people engaged in window shopping. He added that we request permission from the government to be open on Sundays as well. 

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Bird's Eyeview

According to Amit Thapar, president of Ganga Acrowools and vice chairman of the Punjab branch of the Confederation of Indian Industry (CII), the shutdown caused losses in the industry of almost 30%.

But now, he said, "we are on the road to recovery." Casual clothing continued to be in demand even if total sales were down since most people stayed home.

Vinod Thapar, chairman of Knitwear Club, claimed that pajamas were sold in significant quantities during the shutdown.

Historically USSR was the epicenter of Ludhiana Hosiery Exports in the 1980s & 1990s. However, with the fall of the USSR, the Russian market for Ludhiana is almost closed as of now. Therefore the hosiery units over here are constantly looking for ways to inroad into other markets to get a toehold.

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