Indore: With less than a fortnight left in Rakshabandhan that marks the start of the festival season, readymade garment industry of Indore eyes a double digit jump in business amid increase in orders for readymade garments from outstation markets of India.
Indore is a hub for ready-made garment manufacturers with presence of more than 1,500 small and medium sized garment manufacturers and festivals are the peak business season for the garment sector.
Manufacturers said expectations of better crop this year amid conducive weather conditions will lend support to business.
Readymade Textile Dealers Association president Ashish Nigam said, “Orders from traditional buyers in southern India have picked up and retailers are placing better orders. Enquiries from Maharashtra and Gujarat have also started and dispatch to these stations will start in around a week. Business this season is seen higher than the previous year and growth is seen in double digit.”
According to the Readymade Textile Dealers Association, business in this season is expected to remain between 15-20 per cent higher than the previous season amid high orders. Pinning hopes on orders from new outstation markets of India, garment manufacturers have increased purchases of fabrics and clothes from mills.
Indore, is a major trade centre for clothes and readymade supplies across the country with Tamil Nadu, Kerala and Andhra Pradesh as major markets sharing over 60 per cent of market share.
A garment manufacturer from a readymade complex wishing not to be named said, “I have started sending garments to my clients in Tamil Nadu and other parts of southern India. Orders are good this time and we are hoping for better revenues from sales of garments.” Manufacturers said fresh orders and dispatches to Maharashtra, Gujarat and Rajasthan will pick up from September. TNN
