Market environment surrounding a Japanese fashion retail giant UNIQLO

 

  • India is the world’s second largest producer of textiles and garments
  • Rising per capita income, favorable demographics and a shift in preference to branded products to boost demand.
  • The domestic textile industry in India is projected to reach US$ 223 billion by 2021F from US$ 150 billion in November 2017.
  • Favorable trade policies and superior quality to drive textile exports.
  • India’s textile and apparel export stood at US$ 39.20 billion in FY18 and is expected to increase to US$ 82.00 billion by 2021.
  • In FY19, India's textile and apparel exports increased 1.66 per cent to US$ 35.969 billion as compared to US$ 35.381 in FY18.
  • Competitive advantage of Indian textile and apparel industry is abundant availability of raw materials such as cotton, wool, silk and jute.
  • Increase in domestic demand set to boost cloth production.
  • Cloth production in FY18 stood at 67.5 billion square meters.