The rise of Indian middle class is one of the
greatest economic trends that is shaping the global world. Also, emerging
economies are creating opportunities for exports and imports in textile and
clothing, making an attractive
destination for investments in textile. According to Clothing Manufacturers
Association of India (CMAI), a reputed
association in the Indian textile industry, there are amazing opportunities for
professionals in the coming years. In the recent years, there has been a
slowdown in the Indian textile industry; however, despite it, the Indian
apparel market is expected to grow annually at 13%-15% !
The Indian apparel industry is expected to grow
annually to US$125 billion (Rs 6, 75,000 crore) mark by 2020! Currently,
India's apparel market is estimated to be around $50 billion (Rs 270,000
crore).
According to Rahul Mehta, President of CMAI,
retail will play a pivotal role in India' growth story, however, the apparel
growth is not going to be an easy one. Mr. Mehta also states that increasing
purchasing power of Youth will drive the growth story in India as the youth is
increasingly becoming more aware of where it is spending the money.
Thanks to the rising income potential of a
relatively young population in India and increasing preference of owning
branded apparels, Indian youth is accelerating to succeed at every step of the
process. Also, there has been a surge in demand of similar branded apparels in
rural, semi-urban and urban areas.
Moreover, the increasing share of designer wears
has further led to growth in the apparel market. Increasing opportunities in
the Indian textile industry will open many avenues for students aspiring to
make careers in the industry.
At NITRA, we always aims to provide top
educational degrees to students so that they can make successful careers in
this field. NITRA's NITRA Technical Campus (NTC) offers 4 year B. Tech programs
in Textile Technology, and Computer Science & Engineering. In addition to
that, 2 Year PGDM program in Fashion Retail Management (FRM) is also offered.
