Apparel and Texttile Industry in India Essay

1543 WordsMay 16, 20137 Pages
Perspective on Indian Textile and Apparel Industry Arvind Singhal Chairman & MD Technopak Leadership Forum, Mumbai 6th October, 2009 Contents Current status of Indian textile & apparel market Evolving domestic consumption scenario Yet Untapped opportunities in domestic apparel market Strategies to develop competitive and sustainable business |2 India’s large textile & apparel industry… Indian Textile and Apparel Market US $ 62 Billion INR 265,500 Crore Domestic Market US $ 40 Billion INR 172,000 Crore Textiles US $ 10 Billion INR 43,500 Crore Apparel US $ 30 Billion INR 128,500 Crore Exports US $ 22 Billion INR 93,500 Crore Textiles US $ 12 Billion INR 50,000 Crore Apparel US $ 10 Billion INR 43,500 Crore • In last 5 years, total market size has grown 10% Year on Year. • India’s share in global trade is 4%. Source : Technopak Analysis |3 Is growing despite the slowdown… Exports market 25 US$ Billion Domestic apparel market 60 50 40 30 20 10 0 15 10 5 0 14 18 19 US$ Billion 20 22 23 48 22 26 30 36 2006 2007 2008 2011 2014 Source : Ministry of Textiles, Technopak Analysis (values rounded off) |4 …. Driven by the growing consumption scenario Consumerism is growing … ~ 500 Million consumers (excluding BPL families) across Urban and Rural India (18+ years) ~ 270 Million in Rural India ~ 230 Million in Urban India ~ 80 Million in the top 100 cities ~ 75 Million in the top 70 cities ~ 45 Million in top 30 cities ~ 30 Million in the top 8 cities Favorable demographics Dropping dependency ratio Rising education levels Increasing urbanization Rising Incomes |6 Hence… increasing discretionary expenditure 2003 2008 2013 27% 40% 4% 9% 20% Food & Grocery Rent, Utilities & Education Fuel, Transport & Communication Savings & Investment Discretionary Expenditure 30%

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