The textiles and apparels sector is a major contributor to the Indian economy in terms of foreign exchange earnings and employment. Moreover, certain natural advantages including domestic cotton availability and external factors including progress on WTO, have fueled the growth of this industry in India with a clear competitive edge. The textiles and apparels market globally as well as in India is witnessing strong growth owing to a young spending population and a rapid increase in organized retail. Consumer preferences are also undergoing a metamorphosis as never seen before. The change being witnessed can be attributed to several factors including increasing purchasing power of the masses, shifts in the buying behavior, demography dynamics, and growing urbanization, opening up of the retail segment to private and foreign players and changing trends/lifestyle. Investments in the textile sector have increased significantly over the last three to four years. Going forward, by 2012, inv...
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