India Socks Industry Is Growing By 10-25% Per Year.
although
Socks
Usually regarded as trivial things, but socks are definitely an important part of a person's wardrobe.
But for a long time, socks are not the most important clothing.
India insiders say the reason why socks are not valued is because
policy
Developers and developers do not pay much attention to this industry.
These years,
Garment industry
Socks have never been taken seriously.
But the situation will change, and socks industry is changing now.
Socks are everyday needs of ordinary people.
There are more than 3000 manufacturing plants in the country, of which 85% are in New Delhi and around the capital, and more than 95% of them are unorganized and decentralized.
The output value is about 30 billion rupees.
Insiders estimate that India
Knitting Market
With a scale of more than 250 billion rupees, the size of the socks Market is about 600-700 rupees, including organized and unorganized retail, excluding wholesale.
Insiders say socks Market
increase
Very fast, growing at a rate of 10-25% every year.
According to the insiders, India enterprises are lagging behind their international competitors in terms of technology.
Otherwise, India's chances in the international market will be better than that in the domestic market.
India socks export is not much at present, but the domestic market is good.
Insiders pointed out that 10% of the consumption tax is not conducive to the development of socks industry.
Socks are low cost products, and 10% of the consumption tax is a heavy blow to the socks industry.
Cotton prices have been rising. Therefore, an increase of 10% of the consumption tax is undoubtedly self defeating.
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