The Indian textile (fabrics, apparel, home furnishings) industry is one of the nation’s oldest and employs the second largest workforce after agriculture. As a result, India has the advantage of having the entire value chain within the country and has easy access to raw materials, in addition to cheap and skilled labor. However, it still lags its peers (Vietnam and China) in terms of productivity and cost effectiveness. A fragmented and subscale textile, garment and made-ups industry faces low margins and the risk of an underperforming future.
To effectively tackle these challenges, the Indian clothing industry is faced with the following imperatives:
- Cost Transformation
- Digital Transformation
Read A&M’s latest report, “Fiber to Shelf: Transformation of the Indian Textile Industry,” for our industry view.
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