The Apparel industry is all set to take off in India. Two major reasons that I see for this being the relaxation in textile exports (one of the advantages of being a part of the WTO regime..) which is a welcome boost to textile and garment manufacturers in India. The other reason is the increasing domestic demand...driven by an ever increasing middle class and also the increase in disposable income with people in this category. I believe the next major surge could be driven by a demand for quality goods at affordable price points in rural India. This is a huge market that is just waiting to be tapped...
My interest in the apparel industry is ofcourse driven by the fact that my sister owns a clothing business -- Indiyarn, which sells high quality cotton and khadi (India's traditional fabric) shirts and kurtas at wonderfully affordable prices... (You actually have to buy them to realize this...).
A couple of interesting articles that I came across recently ... That Steve & Barry's (A US retail chain with over a 100 stores) is planning a foray in the Indian market and the other being the huge success of the Retail Yatra that is organized by Pantaloon on annual basis.
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