Readymade garments Annual Review July 2009

CRISIL Ltd.
July 31, 2009
116 Pages - SKU: CRSL2433861
License type:
Domestic market growth will outpace exports growth; exports market will revive in 2010

The domestic market is proving to be the big saviour for the textiles industry. While garment exports has been badly affected by the global economic meltdown, the domestic market for apparels has continued to grow at a healthy pace, growing at 3.5 per cent in 2009. Apparel manufacturers who have a direct presence in retail have however borne the brunt of a sharp increase in lease rentals over the last few years, and have been working at improving their retail productivity by shutting down some of the non-performing stores.