The Indian textile industry is primarily driven by domestic and export demand. Textiles contribute to 60 per cent of the export market while apparels contributed the remaining 40 per cent.
India's lingerie market is currently valued at $3 billion. Lingerie business holds the largest pie of market share in India with high margins in returns. This segment has created a niche for itself in the garment manufacturing business.
Once considered as a need based purchase, footwear and bags have emerged to be a status symbol garnering a substantial mind and pocket share, Here we present a market overview of the burgeoning footwear and bag segment.
In an exclusive interview with Joyshree Saha, Virag Joshi, President & CEO, Devyani International Limited talks about his focus towards overall development of the brands.
Once considered as a need based purchase, footwear and bags have emerged to be a status symbol garnering a substantial mind and pocket share of the young and aspiring Indian consumer. Evidently, this segment holds a lot of potential for the entrepreneurs....