Analysis Of The Reasons For The Sustained Growth Of Garment Export In India In The Past Ten Years

Report of the General Administration of Commerce and intelligence statistics of the Ministry of Commerce and industry of the India government over the past ten years India clothing Exports grew steadily, from $5 billion in 2001-02 to $13 billion 700 million in 2011-12.

　　 Clothing export The growth rate increased from 5 billion US dollars in 2001-02 to 6 billion 400 million US dollars in 2004-05, increasing to 8 billion 300 million US dollars in 2005-06, increasing to 10 billion 300 million US dollars in 2008-09 and increasing to 11 billion 300 million US dollars in 2009-10 years.

In 2011-12, clothing exports in India increased by 18% over the same period last year, reaching 13 billion 700 million US dollars, up from 11 billion 600 million US dollars in 2010-11 years.

Mr. Amit Gugnani, senior vice president of Technopak fashion and textile company, explained why India's clothing exports have been growing steadily in the past ten years. First of all, India's garment export industry is an independent and self reliant industry.

India's clothing industry does not depend on imports of raw materials. The abundant supply of raw materials in China helps to control the cost and shorten the delivery time in the whole production process.

Second, more skilled labor and lower cost than China. These conditions are India. Garment industry It provides competitive advantages.

Besides, the clothing industry in India enjoys the flexibility of production, which helps the garment industry cater for all kinds of fashion products.

About 70% of India's clothing exports to the United States and the European Union's traditional market. However, because of the financial crisis in these countries, garment exporters are now looking for new markets.

He believes that the market that can be developed is Brazil, Russia, Australia, and possibly China.

Although financial problems have plagued the US and EU economies, some of India's clothing exporters have done well, while others have felt the pressure of reduced exports.

He said that to a large extent, vertically integrated suppliers and those with large scale production capacity will outperform the next few years. In addition, supplier integration has always been the main trend of most retailers. Therefore, suppliers who are more reliable in terms of delivery and quality have shortened the delivery time, they can flexibly produce various styles of products, lean operations, and they will continue to win customers and markets in the future.