a project on readymade garments[cosomos group(hari&taher)]
DESCRIPTION
"A project on readymade garments" maid by COSMOS GROUP(HARIOM,TAHER,&MAULIK)TRANSCRIPT
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A PROJECT ON
READY-MADE GARMENT INDUSTRY
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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
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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.
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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.
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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
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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.
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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
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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.
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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.
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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.
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• 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.
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Present situation of industry
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TOP LEADING COMPANIES
• Pantaloon Retail India Ltd
• Shoppers Stop
• Tata – Trent & Westside
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• Globus Stores Pvt Ltd
• Arvind Brands Ltd
• Provogue India Ltd
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• The Raymond Group
• Reliance Retail Ltd
• Wills Lifestyle
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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.