Indore Readymade Textile Dealers Association: Demand from weddings to fuel growth
08 February 2022, Mumbai:
After a prolonged muted period, garment industry of Indore, a hub for readymade garment manufacturers and traders, is all set to enhance production capacities pinning hopes on demand from weddings and ahead of Ramazan.
Anticipating a jump of around 20-30 per cent in demand in the coming months as against the same period a year ago, garment manufacturers have started procuring clothes and placing orders with mills.
Indore Readymade Textile Dealers Association president Ashish Nigam said, “We have started preparations and placed orders with mills for clothes to prepare for the season. Last year, we could not do well because of the lockdown but this year as Covid-19 cases have declined, we are hopeful of a better season.”
Manufacturers said, the spike in Covid-19 cases just before the wedding season and restrictions to combat the spread of the infection, dampened the consumer sentiments resulting in piles of inventories with traders. Traders are hoping to clear inventories and get fresh orders from traditional markets this season.
Indore, is a major trade centre for clothes and readymade supplies across the country with Tamil Nadu, Kerala and Andhra Pradesh as major markets sharing over 60 per cent of market share.
Garment manufacturers said enquiries for advance orders have started pouring from Southern markets of India and this is likely to be followed by other states in coming weeks. They said demand for Ramazan starts at least 2 months in advance starting with South India.
Another garment manufacturer Sandeep Jain said, “We are hopeful of better business this season looking at the overall response from wholesalers and retailers. Units will increase production but the priority will be to exhaust the inventories from past months.”
There are around 1,200 readymade garment manufacturers in Indore. Readymade complex in Pardeshipura, is a hub for garment manufacturers housing around 125 units.
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*Figures mentioned in the above article have been sourced from TOI article.
