A Market Survey of Readymade Garments Apparels in Chennai, Tamil Nadu

Abstract

India is now a fast emerging market inching to reach half a billion middle income population by 2030. These factors are good for the Indian Textile Industry in a long run. Even though the global economic crisis is to be worsening day-by-day as long as economies are emerging and growing as those in South and South Asia, textile industry is here to grow provided it takes competition and innovation seriously. The Indian apparel industry in knit wear sector has phenomenal growth, sine the last decade. In textile export goods tirupur plays major role that contributes to 80% of the readymade garment. Knit wear produced are comfortable to wear soft and durable which makes suitable for innerwear, sportswear and casual wear for all age groups. The week links in the Indian conventional industry such as weaving and finishing have to be strengthened. A major thrust here is to have consolidated efforts by Indian Textile Machinery Manufacturers Association, end-users and the Government to undertake a moonshot and come-up with alternatives to European Machinery, which the weaving sector can afford. This should be doable within the next five years, if dedicated efforts are undertaken with the financial support for Research and Development by the Government through its various schems.