Innerwear is coming out of the closet and more and more people are comfortable in buying not only basic innerwear but high-end fashion inners too. The domestic market for this product is also growing and is estimated to cross Rs. 24,000 crore (US $ 4000 million), according to a 2016 report by Intimate Apparel Association of India and Wazir Advisors. It is expected to become a Rs. 47,000 crore (US $ 7833 million) market, which is nearly 8% of the total estimated apparel market, by 2020. Team AOspeaks to some major players to know more about the market scenario.
The magazine also gives an in-depth coverage review to two fairs – F&A Show, Delhi; and the Gartex 2017 which was also concluded in Delhi. First the second edition of the Delhi Chapter of F&A Show…, an established name, and which has already acclaimed recognition in Bangalore, was well-received by the visitors, though many big names from the export segment were missing. With most the participants eager to project their commitment to ‘Make in India’, added to the thrust on innovation and quality to ensure that garment manufacturers and buying offices source products from local companies.
Forgetting about the GST blues and other market complications, the Indian domestic market, including small, medium and even top-level companies, appear geared-up for further growth and expansion and adding new categories in their product basket. It was clearly reflected at the recently concluded Gartex 2017 at Delhi. The show witnessed almost 18,000 visitors from across India, shared Gaurav Juneja, Director at MEX Exhibitions, the organizers of the event.
Besides the above, our regular columns of Mind Tree, Fashion Trends, H2F, Industry Wire, Export Statistics, Resource Centre, etc. make the issue worth reading.