Indian Garment & Accessories, and its Ascend
(Contd. from page 2...)
With growing dependence on computers and related technologies, the industry is betting on technology as one of the major growth factors for the industry. In fact, it has evolved gradually in terms of technology adoption and has reached a critical mass today. From pedal-operated machines in the 60s, the industry moved on to power-operated machines and steam presses in the mid-80s, started assembly line manufacturing in the late 80s and then entered the phase of using computerised machines. Overall this assumes a greater importance, considering the Policy of 2000 projects garment exports from India to be expected $ 25 billion by 2010.
As per the industry forecasters, the exports scale will gear-up by $ 23 billion and the manpower is expected to increase from 36.5 lakh to 121.9 lakh by 2010-2011. FDI in the garment industry is today restricted to 47 per cent, and it is not permitted yet in retail, though a beginning has been made with 100% FDI for a brand. But the textile majors are planning to take hold on the readymade garment market by entering into complete entire value chain. The trends for growth are set for upcoming fashion entrepreneurs. The emergence of a world-market for Indian Garment & Accessories is largely the contribution of Indian fashion designers.
Prev 1 2 3
Buy
Sell