When we talk about apparel sourcing, the name of India and China comes to the mind instantly. This is because these two countries have become the giants in the arena of global apparel sourcing. Particularly to US and European regions, the textile industry is being nurtured on the basis of sourcing from these two centers. There are a number of reasons which have brought these two countries to the forefront of apparel sourcing.
To begin with, the enormous size of Indian textile industry has made it one of the leading suppliers of apparels in the whole world. The competitiveness of the Indian textile industry contributes to its resourcefulness and thus this perfect combination has allowed India to become a giant apparel supplier. The vast resources of raw materials, cheap labor and expertise in textile have led this country to this position.
Moreover, Indian traders have a lot of experience in this trade. They also possess entrepreneurship and endless designs ideas which allows them to produce high quality apparels for export. The developments in the trade policies of the Indian government have allowed the textile industry to present its apparels to the world market. Seeing the increasing demand of the apparel sourcing, Indian traders have perked up with efficiency and expanded their production capacities as well. They are also exploiting up-to-the-minute technology so that they can retain the lead in the apparel sourcing sector worldwide. It is interesting to note that almost 75% of India’s exports consist of cotton apparels.
Do you know that the leading international traders including Wal-Mart, Gap, Marks & Spencer and many other giants source apparels from India? Yes this is true. The only competitions in the textile industry are China. Besides China, no other country possesses the experience to take the lead in apparel sourcing industry.
After the obliteration of the quota system in 2005, Indian’s exports to US grew by 34% while its exports to the European countries swelled almost 30%. Indian is a leading supplier of apparels to both of them. Altogether they account for almost 70% of India’s exports. During 2005, it positioned 3rd in apparel exports to US, on the other hand, Indian ranked 5th for apparel sourcing to European regions.
Textile importer worldwide look up to India and China for their apparel sourcing needs. They get great quality at affordable rate which is the objective of every textile importer. A great website to visit to find apparel manufactures overseas is: http://www.sourcepoint.com
