“India, a colorful land of diverse cultures and traditions, has always been known for its vibrant textiles and garments. But did you know India is also the best place to Export Readymade Garments? From traditional attire to modern fashion, India has it all! In this blog post, we will highlight 5 reasons why Exporting Readymade Garments from India can be a game-changer for your business. So get ready to explore the exciting world of Indian fashion and discover what makes this country such an ideal hub for Garment Exports!”
Introduction to Readymade Garments
The Readymade Garment Industry in India has come a long way since its humble beginnings in the late 1970s. Today, the country is one of the world’s leading Exporters of Readymade Garments (RMG), with a market share of around 15 percent. In terms of value, India’s exports of RMG stood at US$ 31 billion in 2016-17. The Indian RMG industry is highly fragmented, with over 50,000 manufacturers spread across the country. The sector employs around 15 million workers, making it one of the largest employment generators in the country.
The Indian RMG sector has grown steadily and has benefited from many Government Initiatives and Policies. Some of the key reasons why India is an attractive destination for RMG exports are:
1) Low cost of production: One of the main reasons for India’s success as an RMG Exporter is its low cost of production. Labour costs in India are relatively lower than in other major Garment-Exporting countries such as Bangladesh and Vietnam. Additionally, raw materials and other garment manufacturing inputs are generally cheaper in India. International buyers of Indian manufacturers can benefit from a considerable cost advantage, thanks to the latter’s ability to transfer such savings.
2) Large pool of skilled labour: The RMG sector is highly labour-intensive and requires an extensive workforce with specialized skills. India has one of the largest pools of skilled workers in the world, making it an ideal
Why India is a Good Place to Export Readymade Garments?
India is the world’s second-largest producer of textiles and garments, with a large and growing domestic market. India’s textile and Garment Exports are increasing, and the country is now the world’s sixth-largest Exporter of textiles and garments. Readymade Garments (RMG) are one of India’s fastest-growing export basket segments.
There are several reasons why India is an excellent place to Export Readymade Garments:
1. Low Cost of Production: One of the main reasons for India’s success as a Garment Exporter is its low cost of production. Wages in India are relatively low compared to other Garment-Exporting Countries such as China, Bangladesh, and Vietnam. Additionally, there are a large number of small-scale units in India, which helps to keep the cost of production low.
2. Skilled Labour Force: India has another advantage over other Garment Exporting countries is its large pool of skilled labour. The country has a long tradition of textile manufacturing, so there is no shortage of experienced workers in the industry. In addition, many Indian workers have received training from foreign companies, giving them the skills necessary to produce high-quality garments.
3. Favorable Government Policies: The Indian Government has implemented many policies that have made it easier for businesses to set up shops and expand their operations there. These policies include special economic zones.
The Support Indian Government Gives for Exporting Readymade Garments
The Indian Government supports the Readymade Garment Industry and has taken several measures to promote exports. The Government has set up a dedicated Ministry of Textiles with a separate Export Promotion Council for the sector. It has also implemented a generous incentives scheme to encourage exports, including duty-free imports of raw materials and export subsidies. In addition, the Government has provided easy access to finance through preferential interest rates and export credit insurance. All these factors make India an ideal destination for Exporting Readymade Garments.
The Quality and Variety of Readymade Garments in India
The Quality and Variety of Readymade Garments in India:
India is a land of varied cultures, reflected in the wide range of Readymade Garments available here. From traditional ethnic wear to contemporary western wear, you can find everything in India. The quality of Indian Readymade Garments is also outstanding and available at very reasonable prices.
Cost Benefits of Exporting Readymade Garments from India
The labor cost in India is much lower than developed countries, making it an attractive destination for garment manufacturers. Additionally, India has a large pool of skilled workers who are experts in sewing and other textile-related tasks. The country also offers a variety of fabric options at competitive prices. As a result, Exporting Garments from India is cost-effective.
In addition to being cost-competitive, India offers several other benefits that make it an attractive destination for garment manufacturers. The country’s large population provides a ready market for garments. Additionally, the Indian Government has implemented many policies and initiatives to promote the garment industry. These factors make India an ideal place to Export Readymade Garments.
Conclusion
In conclusion, if you are looking for a lucrative and reliable market to expand your Readymade Garment Business operation into, India is worth considering. From the availability of quality fabrics and materials to an extensive network of suppliers, tailors, and manufacturers, it provides countless appealing prospects both from a financial standpoint and in terms of growth opportunities. We hope this article has highlighted some compelling reasons why India should be at the top of your list!
