With keen interest taken by international retailers in Indian market, textile and apparel exports are expected to face a 12 percent annual boom.
India is gradually creating a dominant position in the global scenario replacing old players like China for sourcing goods. According to CII, even the domestic market is envisaged to inflate by 6.5 percent.
While the sourcing market size for 2008 is expected to be US $22-25 billion, the year 2011 is further projecting a growth of $35-37 billion.
On a more precise analysis, the men's garment sector is likely to expand to $13.5-14 billion by 2009, while that of women will rise to $11 billion in the same period. Additionally, children's apparel quarter will also go up from $4.7 billion to $11 billion.
marketing@alchempro.com
