India is the second largest textile exporter in the world with approx. 5% share in global trade of textiles and apparels (2017).
Sourcing from India offers distinct advantages for your business:
+ Provides you direct access to world’s largest cotton producer (35.1 million bales of 170 kg each)
+ India's apparel exports are forecast to increase to US$ 82 billion by 2021 with CAGR of 12.06 per cent: you participate in a growth environment with government incentives
+ USA has increased tariffs on China; thus sourcing from India offers direct benefits of lower government levies
+ Demonstrable cost benefits: increases in producer prices in China are closely linked to rising wages in all regions of China – that have more than offset declines in crude oil, energy and textile raw material costs
A Number of Large Brands Have Already Moved their Sourcing to India