India is the sixth-largest apparel exporting
country in the world, with exports valued at US$5.5 billion in 2004,
a year-on-year growth of 12 percent in value terms. Women's garments
comprise the majority of apparel exports from the country, accounting
for an estimated 45 percent of shipments. Exports in the category
will soar in the next 12 months as a result of the removal of quota
restrictions.
Suppliers have been preparing for the
anticipated demand growth by expanding their capacity and at the
same time enhancing quality and reducing delivery times to compete
in the 'survival of the fittest' scenario of the quota-free regime.
The following are some
of the key trends we see in India's women's garment export
industry: |
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The country will become the next
most-attractive apparel sourcing option after China, leaving
behind other garment exporting countries in Asia. |
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Production capacity will increase
dramatically as the majority of makers plan to set up new
factories or expand their current ones in the next 12 months. |
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Intense internal and external competition
will force makers to modernize and automate their factories
to improve quality, lower production costs and reduce delivery
times. Many makers have already planned to upgrade their
facilities with computerized sewing machines, automatic
fabric laying and cutting machines, and CAD software. |
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Increased competition might also
result in a shakeout in the industry, as small companies
with limited capital might not be able to survive price
pressures, and as new entrants join the line. |
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Export prices will decrease by up
to 10 percent as suppliers undercut each other to secure
more orders. In addition, competition from China will force
makers to lower quotes. |
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Women's tops and dresses will remain
the main export product categories, but output and exports
of pants and trousers will increase substantially. |
Women's tops, including blouses and
T-shirts, dresses, skirts, trousers and sleepwear are the main categories
of women's garments exported from India. Tops comprise an estimated
50 percent of output and exports, followed by dresses and skirts
with combined exports of approximately 30 percent.
Pants currently comprise only about
five percent of exports, while sleepwear accounts for almost 10
percent. This report covers all these main women's garments produced
by India makers.
The Products & Prices section explains
the differences between low-end, midrange and high-end garments
in each product category and includes their respective price ranges.
The Manufacturing module discusses the production processes followed
by India makers, highlighting the steps they are taking to automate
garment manufacture. The R&D/design module elaborates on makers'
design focuses, while the fabrics & Accessories section provides
insight into suppliers' raw material sourcing strategies.
Among the featured suppliers in this
report is South India-based Eastman Exports, the largest exporter
of knitted garments in the country, with total sales amounting to
US$90 million in financial year 2003-04. Also visited for the report
is North India-based Shahi, which is among the top five garment
exporters in India.
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