Indian  Garment Industry


Indian garment industry INDIAN GARMENT INDUSTRY AT A GLANCE IN 2013 - 2014 Indian garment industry

India's garment exports to the European Union increased 5.9 per cent year-on-year in January-May 2013, while those of China and Bangladesh declined 9.7 per cent and 1.8 per cent year-on-year, respectively, according to the data from the Apparel Export Promotion Council (AEPC). In the first half of this financial year 2013, India exported apparel worth $7.9 billion, a rise of 13 per cent over the year-ago period, according to data collected by AEPC. For the 2014 financial year, Union textile Ministry has pegged apparel exports at $20 billion.

Last year, apparel and garment exports stood at $14 billion. India is the world's second largest producer of textiles and garments. Indian textile industry accounts for about 24% of the world's spindle capacity. It contributed about 14% of the industrial production, direct employment generation (35 million workforce) and foreign exchange earnings (~27%) in FY 2013.

Indian Garments Industry in 2013-2014
The Apparel industry contributes to almost 4% of the India's GDP. The Indian Garment Industry has been growing as the disposable income of the people are rising. Branded readymade garments account for over 21% of the readymade garment industry. Man Made fabric (MMF) is in great demand and has recorded an increase of about 2% in FY13 and production stood at 1,23,000 crore tones. India's domestic ready-made garments market is estimated at around 2 lac crore, with the unorganized sector accounting for more than half of the market.

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