In attempt to tap the huge demand for branded garments from lower middle class and in small cities, many international and domestic brands are striving hard to satisfy them. Many high profile celebrities and icons endorse these brands for the company's promotion and marketing purpose. India's organized retail market currently presents $75 billion opportunity for retailers. It is estimated that Indian retail market is expected to growth to USD 1.1 trillion by 2020 on the back of income growth, urbanization and attitudinal shifts. The planned retail segment which is estimated to reach approx. 18-20 percent of the total sector by 2020, is growing at a high rate of 20 - 23 per cent p.a.Commercial Real Estate Services(CBRE) sees a possible of directing an well thought-out market of $70 - 80 billion currently which comprises organized Indian and Global Retailers who are operating in India or are evaluating entering India. Retailers especially from US and Europe have been showing immense interest in the Indian market, due to the elevating opportunities in this sector. This is emphasized by the statistic that over 40 major global brands have penetrated the country over the last two years. This has and is continuously inspiring other worldwide companies to tap the virgin markets of India.
Many domestic companies like Manyavar has brought in the traditional attire back into fashion with authentic feel. Manyavar, the men's ethnic wear brand, has roped in Indian cricket icon and heart throb of Y-Gen, Virat Kohli as its brand ambassador, where in MAX an UAE brand is all set out to invest Rs400 Cr to reach the 120 cities in next four years. Some brands like Saks Fifth Avenue an American luxury departmental store is now in their advanced talks with Aditya Birla Fashion and Retails to open its first stores in India. Indian brand Raymond Ltd, the suiting fabric provider now plans to launch its product in West Asian and African markets through its subsidiaries with an investment of $ 5 million. Indian Terrain growing confidently with its franchise model, while Siyaram's presence in all small towns and cities accessing every common man in inaccessible areas distributing worldwide quality at the prices that suits your pockets.The Indian apparel market is estimated at INR 2, 50,000Cr of which the organized market is INR 80,000 crore while there are many brands catering to the INR 25,000 Crore super luxury segment and the INR 60,000 crore upper middle class value fast fashion segment the middle class value fashion segment of INR 1, 60,000 crore is largely untapped.
Apparel franchising has changed the fashion perception in India. The worldwide clothing market is predictable at 3 trillion dollars, 3,000 billion, and attributes 2 percent of the world's Gross Domestic Product (GDP). The whole retail worth of the extravagance merchandise market is 339.4 billion dollars. The fashion industry encompasses abundant sub industries, such as menswear and women's' wear, formals, sportswear, causals, and many more. The sector of franchising offers profitable beginnings with shoppers spellbound to spend significant amount of money on accessories and attires. Purchasers are all set to make investments for the consumption of stylish and designer garments for themselves. Therefore the apparel industry will never face immobility if one gets the plans of exceptional products as per the market demand. As per the industry indicators set the Indian Apparel Market currently at 1389 billion rupees enhancing at a 12% compound annual growth rate (CAGR).
Apparel Franchise in India is planned franchise business exploratory. Apparel franchising is a leading percentage of the franchise business and also incomparable opportunities to unveil your own business. There are all classifications of outfit franchises - including worldwide brands, chic brands, children garments, women dresses, men's clothing, rebate stores, minimal investment franchise, low risks and many predominant brands. One cannot deny this, that attire industry is frantically emerging business industry in India and the motive of its acceptance is today's up-to-date standard of living cover almost each utmost vital part of India and due to this not only native businesses but also international style brand enterprise enter clothing fashion industry to accomplish end users demand as respects to trendy clothing, thus if any individual wants to join the bandwagon up-to-the-minute garment industry and looking for picture-perfect Apparel Brand Franchise then don't need to look elsewhere.
