Do you want to make a quick buck in the rapidly growing Indian Apparel and Fashion industry? Then this article is really necessary for you. Ten companies in India will be up and coming in the business by 2022. Get your headboard ready because these companies are taking India by storm with producers like Harry’s, Mahavidya, and Bharti which have won “The Best Foreign Brands In India” award for 7 years running between 2017-2022.
Introduction
The Indian apparel and fashion industry is worth over $50 billion and it is expected to grow at a rate of over 7% per annum. This growth is due to the increasing affluence of the population, higher spending on leisure activities and the rising trend of eco-friendly living. A report by PricewaterhouseCoopers (PwC) has estimated that the Indian apparel and fashion sector will grow at a rate of 7.5% in 2018. This growth is due to the increasing demand for luxury and eco-friendly clothes across the globe.
In 2017, India witnessed a growth rate of 6.9%. The main players in this sector are multinational corporations like Nike, Adidas, Puma, Reebok and Samsung. They account for around 80% of the market share. However, domestic players are also starting to emerge with brands such as Enzoani, Stone Temple Pilots and Tito’s Handmade Clothing getting attention from investors. Some of these players are also looking at entering new categories such as accessories, homeware and food products.
Industry Background
Indian apparel and fashion industry is one of the fastest growing industries in the country. The Indian apparel and fashion industry is one of the fastest growing industries in the country. The sector has been growing at a rate of about 7-8% annually for the past few years, and is expected to grow even faster in the future. This growth is driven by increases in demand from both domestic and international markets. The top companies in the Indian apparel and fashion industry are giants in their respective sectors.
Some of these companies have revenues that are several times bigger than their nearest rivals. Their presence in India has helped them to cement their positions as some of the leading players in their respective industries. Some of the key factors contributing to this growth include increasing disposable incomes, changing trends, rising aspirations, and strong marketing campaigns. These companies are working hard to tap into these opportunities and make a mark in India’s burgeoning apparel and fashion industry.
Benefits of Indian Fashion
The Indian apparel and fashion industry is one of the fastest-growing industries in the world. The country has a large population and a diverse culture, which makes it a perfect destination for fashion brands. Benefits of doing business in India include low costs, high growth potential, and a burgeoning middle class. Low costs are attributable to the country’s lower labor costs and favorable exchange rate. High growth potential is due to the fact that there is huge demand for luxury products in India, as well as growing consumer spending power.
And the middle class is growing rapidly, which means that there is an increasing number of people who can spend money on fashionable clothes. There are several top Indian fashion companies that have succeeded inbuilding strong brands across the globe. Some of the most famous companies in India include Armani Jeans, Hugo Boss, and Versace. These companies have been able to build strong brand recognition by innovating and making high-quality products that are comfortable to wear.
Chinese Expansion In The Market
The Indian apparel and fashion industry is booming, with several Chinese companies dominating the market. In 2016, China’s textile and clothing exports reached an all-time high of US$124.3 billion. China’s expanding textile and apparel industry has had a considerable impact on the Indian market, as Chinese companies have gradually taken control of key sectors of the Indian apparel and fashion market. Some of the leading Chinese textile companies that have expanded their business in India include Hangzhou Chaori Textile Co., Ltd., Hebei Manpower Inc., Chengdu Haixiang Garment Co., Ltd., and Wenzhou Jinyuan Clothing Co., Ltd.
These companies have been able to increase their influence in the Indian market by investing in manufacturing facilities in India and by making strategic acquisitions of Indian companies. Chinese garment manufacturers have also begun to export garments to other countries in South Asia and East Asia. This expansion has allowed Chinese garment manufacturers to compete more effectively with their global rivals and to gain a foothold in new markets.
Nation Master Plan Of India: Vision 2020
The Indian apparel industry is valued at $47.2 billion and it is forecast to grow at a CAGR of 7.5% through 2020. The top five players in the Indian apparel segment are HUL, PNB, Aditya Birla Group (ABG), Mahindra & Mahindra (M&M), with a market share of 35%. The Indian apparel industry is currently facing stiff competition from China, which has been creating newfurureshipping channels to penetrate the regional markets. India’s productivity growth rate was stagnant at 5.3% in 2016 while China’s growth rate hit 7.7%. Despite this challenge, the Indian apparel industry still has many opportunities. Some of these opportunities include the rollout of GST and its impact on the retail sector; increasing demand for quality branded products; and the increase in leisure activities such as travel and tourism, which can create opportunities for packaged tours and hospitality businesses.
Top 10 Companies In The Industry In 2022
The Indian apparel and fashion industry is expected to grow at a rate of 7.5% over the next three years, according to a report by Deloitte. The top companies in the Indian apparel and fashion industry are as follows:
1. Tata Sons
2. Wipro
3. HUL
4. Kotak Mahindra Bank
5. Bharti Airtel
6. Flipkart
7. Walmart Inc.
8. zWallet Inc.
9. Paytm Mall
10. Myntra
Conclusion
India is the fastest growing apparel and fashion industry in the world. According to a study done by International Trade Center, India’s garments industry will be worth $128 billion by 2019. The top five Indian apparel and fashion companies are Nike, Puma, Adidas, H&M, and Levi Strauss & Co.