The sector has issues like rivalry from other nations, stale technology in some areas, and problems to do with the systems and logistics.
Textile manufacturing in India relies on the use of a range of chemicals at different stages of textile processing. These chemicals are responsible for some processes that include dyeing, finishing, printing and textile manufacturing in general.
Growth of the Apparel Industry in India: Present and Future aspect
We all know India has a massive population of more than 1.2 billion people, in which half of the population is India’s middle class. Based of purchasing power parity, India secured the fourth largest economy in the world and third largest GDP in the continent of ASIA and the second largest economy among emerging nations. It is estimated that as the Indian economy grows more consumers will have greater discretionary income for clothing after their basic needs.
Changes in customer behavior towards shopping and lifestyle, increasing household income and urbanization of the customers are supporting the growth of all.
Factors nurturing the textile industry in India:
Per capita average household income
The per capita monthly income in India is growing with time. It was Rs 5,130/- in 2011-12 as compared to Rs 4,513/- in 2010-11. Now it would have been increased a lot. The per capita private final consumption expenditure in 2011-12 was estimated at Rs 42,065 as against 36,677 in the year 200-11, showing an increase of 15%. In the previous years too rates were similar.
Increasing Trends of Special Occasions
The trend of special occasions in India is also growing with the increase in household income, urbanization of the people, etc. The types of apparel and their availability for different special occasions are making the consumer preferential. Consumers are ready to pay more to look trendy as per the theme of the occasion.
Fashion Involvement
Increasingly, Indian consumers are embracing the idea of fashion. Traditional clothing remains central to the way consumers dress, and the quality and craftsmanship of classic Indian clothing have drawn rave reviews in recent years from some world’s leading designers, style magazines, and fashion blogs
Growth in Women’s Segment
With increasing income and a rising number of working women, the textile Industry in India has witnessed rapid growth in the past few years and this trend is expected to continue in the future as well. The Indian women’s apparel market is anticipated to grow at a CAGR of around 11% during 2013-2015.
Rapid Urbanization
India had the second highest urban population in the world in 2012 and will be amongst the fastest-growing urban population globally between 2011 and 2020
Globalization of Industry
The overall growth of the textile industry in India can be attributed to globalization. About 35 million personnel are employed by the apparel and textile industry in India, which accounts for 21% of the total employment generated in the economy. The globalization of the textile industry leads to modern and efficient manufacturing machinery and techniques.
Diffusion of Fashion Innovators
Diffusion is the spread of a fashion object within and across social systems. It is highly dependent on the fashion innovators who help a lot in the fashion invention and introduction of new styles.
E-tailing of apparel
With the boom in the organized retail industry and the concept of online retailing (e-tailing) is catching pace, expansion strategies adopted by companies will give a new direction to the textile industry in India.
Organized Retail
The chain of large and branded stores showing the products stocked systematically and displayed will speed the transformation of consumer preferences. Scores of shopping malls opened on the outskirts of India’s largest cities have also contributed to the increase in the growth of the textile market in India.
Chemical Supplies for India Textile Industries
The textile sector in India holds a prime position in terms of the country’s economy; it comprises a gamut of activities involving the processing of raw materials such as cotton and jute to the production of end results like clothing and home textiles.
Different stages of textile production are dependent on the diverse array of chemical substances used especially in the dyeing, finishing, and printing. In light of such global issues as competition from other states, obsolete technology in some sectors, complex systems, and logistics, the issue of choosing the right business partner for the fulfillment of chemical needs gets elevated to the first plane.
Tradeasia International Pte, Ltd has become the best solution to have chemicals for the textile industry in India. Trading Virtually in almost two dozen countries globally, Tradeasia International has Developed a Versatile and Credible Network of Suppliers. Well supported by efficient logistics as well as experienced personnel, Tradeasia International is a reliable supplier to serve the chemical needs in the textile industry of India.
The commitment of Tradeasia International in supplying excellent services has been acknowledged by clients from different industries making them a trustworthy provider to ensure that the textile sector in India will be sustainable and prosperous.
Nurtured by a vision to provide high-quality products, fast services, and reliable solutions, Tradeasia International Pte, Ltd is the answer for textile companies in India concerning the stability and consistency of chemical supplies. With the dynamic international trade arena, working together with Tradeasia International gives an edge to India’s textile industry so that they can confidently participate in the global market.
For textile industry chemical products seekers we recommend to approach our Tradeasia International team for dependable and effective options.