The Indian denim industry is looking to gradually increase its share of exports from its current 35 per cent. For this to happen the industry has to increase its capacity by another 300 million meters. Historically, denim has been one of the fastest growing apparel fabric segments, having grown from 700 million meters in 2010 to 1.2 billion in 2015. Yet, there is a gap of another 300 million meters in India if the denim industry needs to tap its full export potential. Whereas, exports of textiles have not done well in the last few years and denim as one of the major textile product groups could push textile exports. The Denim industry’s domestic and export ratio even though is set to change from 65:35 to 55:45. It is expected to touch 1.5 billion meters capacity by 2020.
In this backdrop, Diagonal Consulting (India) jointly with the Confederation of Indian Textile Industry (CITI) is organizing an International Denim Conference in Ahmedabad February 19a nd 20, 2016.
Exports of textiles have not done well in the last few years and denim as one of the major textile product groups could push textile exports. While India has been one of the major global suppliers of denim fabrics, the country still falls behind other competing nations in terms of denim apparel such as jeans. Also, while most global brands outsource denim apparel work to Indian players, much of it is meant for the domestic market and not for exports.
The Indian denim industry should bag orders not just for the domestic market but also that it becomes a global hub for branded denim apparel. The industry is expected to touch a 1.5 billion meter capacity by 2020.
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