Project Report For Readymade churidar manufacturing
Project report for Readymade churidar manufacturing is as follows.
In addition to food and shelter, clothing is the third most crucial human necessity. In the past, most of us relied on tailors to get our dresses created, but today most of us rely on premade outfits instead.
After waiting for days or even weeks for a dress to be seen by a tailor, most people today buy readymade clothes of any type/size/style/price and wear them immediately. Online stores have eliminated the necessity for brick-and-mortar textile stores as well.
A person may shop for a dress from the comfort of their home, sitting at their computer, and have it delivered directly to their door. Because the fabric is acquired in bulk, readymade clothing is frequently less expensive than custom-made ones.
In India’s economy, the textiles industry is one of the oldest, having been there for millennia. After China, the Indian subcontinent is the second-largest clothing manufacturing in the world. The superb quality of Indian textiles is well-known around the world.
Small and medium-sized businesses (SMEs) account for the vast majority of garment manufacturing facilities. The textile and clothing industry generates 14% of India’s industrial output, 4% of the country’s GDP, and 15% of the country’s export revenue.
Additionally, the textile sector employs a lot of people, making it one of the most labor-intensive. The industry employs approximately 45 million people, making it one of the most important employers in the country.
Market potential & Strategy
Increased disposable income in India is a result of the country’s rapid economic expansion. As a result, the domestic market has grown tremendously. Clothing and lifestyle goods sales in the United States are now projected at US$ 85 billion. This industry is predicted to increase at a CAGR of 11.8% to reach US$ 160 billion in sales by 2025.
India is currently in its second phase of expansion, and the domestic demand is soaring. The increase of middle-class households is primarily to blame for this improvement in living conditions.
People in our target market are primarily middle-class, and Gulf remittances have increased their spending power.
Every significant event calls for a well-dressed individual, regardless of socioeconomic status. Customers of various socioeconomic backgrounds are targeted by this business, including those in the upper-middle class. Students and young people are the primary target audience.
When domestic sales begin to outpace the unit’s exports, the latter becomes a distant goal. The area is surrounded by a wide range of commercial, educational, service, and financial organizations. There are a large number of middle-class residents within a few blocks of the property.
Nearby Towns and cities have a large number of well-functioning ready-to-wear clothing outlets. The items can be sold in such stores by this unit. To boost sales, an internet gateway is also in the works. To help sell the items, the promoter should have personal contact with some of the retailers.
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