A project on readymade garments[CoSoMoS GrOuP(Hari&Taher)]

A PROJECT ON

READY-MADE GARMENT INDUSTRY

NAME ROLL NO.TAHER BATTERYWALA

1121175

MAULIK CHAUHAN 1121180HARSH BORANA 1121178ANUJ PATEL 1121213PRIYANK CHOKSI 1121182FAISAL PANWALA 1121210HARIOM MEHTA 1121200ABHISHEK PARMAR 1121211PANKIL PATEL 1121216NAITIK MEHTA 1121201

GROUP MEMBERS

INTRODUCTION

• India is the 2nd largest manufacturer of garments after China.

• India is known for its high quality garments for men and most of the garment manufacturers are in the Small and Medium scale industry.

HISTORY OF THE INDUSTRY• 19th century saw the emergence of ready-made

garment industry in the world.• Post World War-I, the rapid rise of the sector began.• The year 1920 is considered to be the sunrise year

for this sector.• During 1960s & 1970s, Indians emigrants acted as

import agents opening up huge export market for India.

• Need mass production, in the absence of large corporates led to the emergence of a fragmented & small units, a trend that continues till today.

SIZE OF THE INDUSTRY

• The Indian textile industry is fragmented, with only a few large players and numerous small and medium-size companies.

• Estimated size: US$ 55 billion

• Direct employment: 35 million people

• Indirect employment: 47 million people

STRUCTURE • Both organised and unorganised segments are

included in this industry.• More than 70 textile and clothing clusters

account for about 80% of total production in the country.

• There are 39 power loom clusters in the country.

GOVERNMENT’S POLICY• To promote the textile sector, annual plan for 2007-

08 was formulated by Indian govt. It includes: Schemes for attracting foreign direct investments,

brand promotion through public-private partnership (PPP),

trade centres for facilitating business and image building,

fashion hubs as a stable marketplace for Indian fashion,

common compliance code for creating apparel standards for the benefit of buyers, and

training centres for developing human resources

Domestic and Export Share

• In 2004, Asian trade in the Garment Industry was to the tune of US$ 138 billion.

• In Bangalore itself there are large retail chains from the US and Europe - like GAP, Wal-Mart, Tommy Hilfiger and JC Penny - have outsourced orders to large factories to the tune of 269.6 million US $ in 2005.

EMPLOYMENT OPPORTUNITIES• This Industry demands and requires both skill

and diligence because garment Industry is closely connected to the fashion industry and grows hand in hand.

• It is a low investment and high labour-intensive industry; an investment of 0.1 million creates 6 to 8 jobs.

• The industry employs around 5 million workers, of which, around 2.5 million are in the export sector.

CURRENT SCENARIO• The Indian Garment industry is today

modernized.

• International brands like the Levis, JC Penny, Wal-Mart, Gap, Marks & Spencer and other industry giants are sourcing more and more fabrics and garments from India.

• Morgan Stanley has projected India to be one of top three exporters of textile and garments.

• Today, around 45% of the total textile exports in India account for ready-made garments.

• The industry today would need an additional 1.5 million people.

• An investment of Rs. 35000 crore in terms of related infrastructure is required.

• AEPC( Apparel Export Promotion Council) plans to set up 50 training centres besides the 22 centres it has at present across the country.

Present situation of industry

TOP LEADING COMPANIES

• Pantaloon Retail India Ltd

• Shoppers Stop

• Tata – Trent & Westside

• Globus Stores Pvt Ltd

• Arvind Brands Ltd

• Provogue India Ltd

• The Raymond Group

• Reliance Retail Ltd

• Wills Lifestyle

CONCLUSION• The Readymade garments industry is increasing

day by day due to changes of fashion in day to day life.

• The entry of the Indian and global fashion designers has stimulated the market further.

• Ready-mades of specific brands have become not only a status symbol; these have brought a more contemporary style in offices as much as in social circles.