|It is a proven fact that the expenditure by consumers on apparels is today witnessing a considerable slump worldwide, with a major part of the earnings being spent on travel, electronic gadgets and experiential entertainment. However, this does not hold true for India.|
|India is a country where fashion clothing has a huge potential to grow mainly owing to its young generation’s new-found economic independence and confidence. It is imperative to note here that while clothing is growing at 6.7 per cent in US, it is an impressive 9.7 per cent in India. And this phenomenon is just the beginning – enough to give the much-needed impetus to the trade show Apparel Sourcing Week 2019.|
|Apparel Sourcing Week 2019, therefore, holds significance for both the Indian and international retailers and brands to meet the best of the garment manufacturers from India, Bangladesh, Vietnam and Sri Lanka and build a long-term relationship with them, to understand their manufacturing capabilities, the quality and timely delivery standards and also identify the ways by which the manufacturers can address their growing needs. This event is slated to become the best and widely acclaimed platform to house the leading and most popular clothing and fashion manufacturers.|
|Indian clothing retail market is huge at around US $ 45 billion, which is expected to grow to US $ 115 billion by 2026. On the other hand, currently only US $ 700 million worth apparels come from China, while US $ 300 million worth apparels were exported to India from Bangladesh last year; the expanding Indian market would require larger number of vendors to fulfil the retail shelves.|
|Renowned Indian retailers and brands like Future Group, Reliance Trends, Aditya Birla Group and Raymond’s, in their bid to expand further, have already started developing their vendor base for sourcing certain products from Bangladesh, Vietnam, China and Sri Lanka in order to enhance their competitiveness, locally and internationally.|
|Apparel Sourcing Week, India will eventually present itself as the most economical alternative to all major international fairs, offering a variety of merchandise that caters specifically to the needs of Indian consumers. It aims to become the most visited trade fair not only for the growing domestic retail but also for the export market.|
Apparel Sourcing Week 2020, a three-day Sourcing Show not only provides the Asian manufacturers a platform to showcase their products & manufacturing capabilities to the Brands & Retailers from all over the world including India, but also extends them a chance to attend the multiple seminars (headed by industry experts), workshops, open-house discussions and networking opportunities organised during these three days, which would help the manufacturers get a better understanding of Indian and International Retail and evolving dynamics of sourcing in various markets and retail formats.
Apparel Resources is well known for its benchmark publications – Apparel Online, StitchWorld and Resource Guide published from India, Bangladesh & Vietnam. These publications have been around in the industry for over 35 years, supporting, guiding and standing by garment exporters and the retail industry globally, providing them a platform to source better.