Small retailers, Big dreams- Tradyl, taking Made in India fashion to the world
Bangalore (Karnataka) [India], October 18: Apparel is a 1.5 Trillion USD market globally, with a world apparel trade of 570 Billion USD. The top 5 apparel-exporting countries are China, EU, Bangladesh, Vietnam, and Turkey. While India is the 2nd largest manufacturer of textile products in the world, employing 45 Mn people in the industry, it holds the 6th position in apparel exports, contributing merely 3%. Nearly, 99% of apparel manufacturers are unorganized SMEs who find the complexities of export daunting. The primary reasons are the lack of knowledge of export processes (like documentation, customs clearance, and forex payments), language barriers, and expensive marketing efforts required to attract overseas customers.
Published : 2 years ago by Business Standard in Lifestyle
Topics: Fashion, Style, India