Question

A ready-made garment small-scale Indian Manufacturer willing to enter US market?
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Answer 1

Answer:

complete the question pls

Answer 2

Answer:

Indian garment and textile exports to the US, by kind of product in terms of product-wise exports of Indian textiles and garments to the US, woven apparel had a bigger percentage share in 2018 than knitted apparel.

Explanation:

• The clothing industry's mass-produced completed textile goods are called ready-made garments.
• They are fashioned from a wide variety of yarns and fabrics.
• The fibers used to make them have an impact on how they behave.
• The clothing is relatively easy to produce and is readily marketable in both urban and rural regions.
• As cities become more urbanized, there is a raising need for ready-made clothing.
• We use ready-made clothing daily.
• A culture can be summed up in its clothing.
• People throughout the world have distinctive wardrobe styles that reflect their culture and social standing.
• Due to changes in a daily fashion, the ready-made clothing industry is growing daily.
• The ready-made clothing sector of the textile industry holds a special place in the Indian economy.
• Its considerable contribution to industrial production, job creation, and foreign exchange profits demonstrate its dominating role in the Indian economy.
• One of the nation's most ancient industries, the textile industry in India dates back several centuries.
• Even now, the textile industry still makes over 15% of all Indian exports, making it one of the top contributors.
• The textile industry, one of the biggest employers, is also labor-intensive.
• With a 3.7% proportion of worldwide exports, India ranks as the sixth largest producer of ready-to-wear clothing.
• About 51 million people are employed directly and 68 million are employed indirectly by the textile sector.
• India exported $40 billion worth of textiles total in FY 2015–16.
• The overall value of Indian textile and clothing exports to the US in 2018 was $8,220,74 million, with a large portion going to clothes and home textiles.
• With shares of 52.7 and 40.8 per cent, respectively, apparel and home textiles made up more than 90% of all textile and clothing exports.
• From 2014 to 2018, the total value of Indian textile and apparel exports to the US increased by 4.3 per cent CAGR, and by 2021, it is expected to reach US$ 9330.48 million.
• Indian garment and textile exports to the US, by kind of product.
• In terms of product-wise exports of Indian textiles and garments to the US, woven apparel had a bigger percentage share in 2018 than knitted apparel.
• Out of all exported apparel, woven apparel made up 60.6 per cent and knitted apparel made up 39.4 per cent.
• In 2018, shirts, t-shirts, pants & shorts, and undergarments made up more than half of all apparel exports.
• Out of the overall clothing exports in 2018, shirts, t-shirts, pants and shorts, and innerwear held the percentage shares of 22, 12.4, 9.8, and 8.3 per cent, respectively.
• Although they did not account for the majority of garment exports, industrial textiles, swimwear, nightwear, jersey, and non-woven all experienced rapid development between 2014 and 2018.

Hence, a ready-made garment small-scale Indian manufacturer can set up the business in the US, as it is a very reliable and advancing industry.

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