The apparel industry in Faridabad has recently witnessed a growth in the sports apparel segment and the city based apparel manufacturers have increased their production volume owing to a double-digit growth rate. As per reports, the Faridabad sportswear market size is worth Rs. 10 crores and all the manufacturers supply their goods to schools, colleges or sports clubs and associations in their individual capacities. With such growth records, Faridabad has become a leading sportswear industry within India.
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The rise in state-run sports associations and private sports clubs has certainly helped many of these players by creating a demand for sportswear. These clubs and associations have been a major source of revenue for the manufacturers as well. As per the reports of Rncos, ‘Sports Wear Market in India’, the approximate current size of the Indian sportswear industry is worth Rs 365.8 billion and the figures are expected to grow at a CAGR of around 33 per cent during 2010-2014.
