iks report - key learnings

7/31/2019 IKS Report - Key Learnings

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& FASHION INDUSTRY

INDIAN

APPARELA Survey Amongst SMEs In India by IndiaMART Knowledge Services

& FASHION INDUSTRY

INDIAN

APPARELA Survey Amongst SMEs In India by IndiaMART Knowledge Services



This report has been prepared on the basis of the information/responses obtained from small and medium

enterprises participating in an online survey and representing the sector. It also captures information / data

specific to the sector available in public domain This report is only intended to be a general guide and

professional advice be sought before taking any action on any matter. Reproduction prohibited without the

authorisation of IndiaMART Knowledge Services.

Disclaimer

1. Foreword 3

3. Key Learnings 5

4. Significant Developments 7

- Indian Textiles & Garment Sector to see Growth in Exports

- Duty Free Imports from Bangladesh

- Cotton Yarn Situation

5. Industry Overview 11

- Technical Textile Segment

- Investments

- Production of man-made fibre, filament yarn, spun yarn and cloth

- Employment

6. Trends & Insights from IndiaMART.com 24

- Buyers on IndiaMART.com

- Suppliers on IndiaMART.com

- Buyers See Opportunity Online

7. IKS - Survey Findings 28

8. Survey Methodology 31

9. About Us 32

CONTENTS

All Rupees figures have been converted in to Dollars ($).



The Indian textile and clothing industry continues to have an important place in thenational economy with regard to employment, value addition or income generation, and

export earnings. Apart from providing one of the basic necessities of life, the textiles

industry also plays a pivotal role through its contribution to industrial output, employment

generation, and the export earnings of the country.

According to the Annual Report 2010-11 of Ministry of Textiles, Government of India,

currently, the sector contributes about 14% to industrial production, 4% to GDP, and 17% to

the country's export earnings.

To unravel the market trends, business sentiments and environment in small and medium

enterprises (SMEs) in the apparel and fashion accessories sector, IndiaMART Knowledge

Services has conducted a special survey in order to unravel the market trends for small and

medium enterprises (SMEs) in the apparel and fashion accessories sector as compared to

the previous year. The results of the survey have been highlighted in this special report. It

provides direct employment to more than 35 million people, and is the second largest

provider of employment after agriculture. Thus, the growth and all round development of

this industry has a direct bearing on the improvement of the economy of the nation.

This report attempts to gauge present market scenario vs. when chips were down for many

SMEs. The economic turmoil had impacted a majority of units across sectors. Many sectors

have started to look up owing to better conditions. The government too has taken several

positive measures to resolve constrains for respective sector. It also brings key

developments that have undertaken in the sector during the year.

We would like to thank all the industry players, trade and government bodies whose

valuable inputs have helped us put together this report.

FOREWORD

Sources:



KEY LEARNINGS

Segment 1



KEY LEARNINGS

SMEs need to adopt technology to cut costs, gain efficiency and enhance business

processes to combat the current challenges and remain globally competitive. Eleventh Five

year plan too suggests facilitation of modernisation and technological upgradation of the

different segments of the industry to make it internationally competitive.

Inability to access timely and adequate finance is a major

challenge facing SMEs in the apparel and fashion accessories

sector. To address this, government bodies should come

forward and make finance easily available to them.

Growth prospects of the Indian apparel & fashion accessories

market are bright as sales increased for most of the SMEs, as

per the IndiaMART Survey. These enterprises can capitalise

on this opportunity by utilising innovative channels such as

online B2B marketplaces to market themselves to buyers.

Top export destinations for textile products include the USA

followed by the UAE, UK and Germany. Bangladesh andTurkey too have proved to be emerging export destinations

with about 101.4% and 39.6% growth seen in April-

September 2010-11 vis-a-vis same period in 2009-10

respectively. SMEs can target buyers in these countries to

export their products.

Indian technical textiles industry is projected to grow to $31.4

billion by 2016-17, with healthcare and infrastructure sectors

accounting for a major chunk of the consumption.

SMEs need

to adopttechnology

to cut

costs, gain

efficiency

and

enhance

business

processes

to combat

current

challengesand

remain

globally

competi-

tive.



About IndiaMART.com

IndiaMART.com is India's largest online B2B marketplace for Small & Medium Size Businesses, connecting

global buyers with suppliers. The company offers a platform & tools to over 1 million suppliers to generate

business leads from over five million buyers, who use the platform to find reliable & competitive suppliers.

The company has over 3500 employees located across 75+ offices in the country. Its existing investors

include Intel Capital and Bennett, Coleman & Co. Ltd.

Products & Services

IndiaMART.com offers products that enable small & medium size businesses generate business leads

(online catalogs/store-fronts), establish their credibility (third party verified trust profile) and use business

information (finance, news, trade shows, tenders) for their business promotion.

About IndiaMART Knowledge Services:

IndiaMART Knowledge Services is an inhouse unit at IndiaMART.com which is involved in SME research,

forecast, analysis and education. It conducts independent surveys, etc. & holds workshops for SMEs to

educate them on specific areas such as Marketing, IT, etc.

Media Contacts

Pawandeep KaurManager - Corporate Communications

T: +91-120-3997600

F: +91-120-3997666

E: [email protected]

W: www.indiamart.com

ABOUT US

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