Company Details
How is the work wear garment industry faring currently in India & abroad? What are the determinant factors? What initiatives from the government can boost the potential of this industry?
Work wear
is primarily being exported to Europe which is currently in the middle of
recession. Europe is a very cultured continent where people like to wear a
particular dress while performing a particular function; they like to be
suitably attired.
However,
work wear is a segment where India does not contribute majorly. It is basically
done either in North Africa, East Europe or China. There are very few companies
in India that have entered into this field; India is not contributing to the
extent it could have or should have contributed. There is a lot that is
unexplored and left to be done.
We need
to have a more serious base into it. Work wear is very different from fashion
garments in the sense that it is a garment that is not susceptible to change
with fashion; it does not have seasonal collections. The garment runs through
the year, rather over the years. Secondly, it has some minimum quantities
associated with it. And, most importantly it is a functional garment and
requires a lot of technical expertise e.g. Fire-retarding garment used in different
industrial activities and all must be as per European norms. Besides, these
garments are very price sensitive.
I think
there is a lack of awareness about this product in India and that may be a
reason why it is not explored till now. If the Government of India takes it up
as a sub focus product within garment (which is already a focus product), and
if incentives are offered for this product, may be this product could catch up.
Talking
about the growth, at this point in time, it is very difficult to project what
growth should be expected. If apparel exports are worth USD 15 billion, work
wear would be contributing not more than USD 200 million. So, in terms of
percentage it is very negligible. We are still at a very nascent stage to
discuss about growth figures or future projections. We still need time to mature
in order to discuss these (growth) figures.
However,
as per estimates, Germany is roughly expected to have a work wear market worth
approximately EUR 2 billion. Extrapolating the fact that Germany is 1/5th
of the European Union, I would assume there is a market of almost EUR 10 billion
in Europe. Against this, we are not even contributing 1%. This is the hope that
this business can generate.
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Published on: 13/07/2012
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.