|
Increased demand, together with government support is encouraging SME apparel manufacturing and export units to explore alternatives in the industrial and technical wear segment.
After going through the worst global financial crises, SME apparel exporters are now aiming to expand their activities and explore the industrial garment manufacturing sector.
Shifting Gears: Focus on technical wear
The high demand for technical wear in sectors such as hospitality, fire services, army, healthcare, security service providers, manufacturing and automotive among other SME apparel manufacturing units see immense potential in export of technical clothing.
Healthy demand backed by high consumption rates in certain domains offer helpful proposition for small-scale garment manufacturing companies to explore options in the recession-proof realms of industrial and technical wear, informed an owner of a small-sized textile mill engaged in manufacturing of uniform for army and security agencies.
Apart from rise in demand, governments thrust on technical textiles is also pushing small-scale garment units to explore opportunities in this space and take advantage of fiscal incentives.
Moreover, the launch of national technology mission for technical textiles, availability of 5 percent interest compensation as well as 10 percent capital subsidy for technical textiles have made it lucrative proposition for SME apparel makers.
Better government thrust on technical textiles will ensure sufficient funding and technological aid, thereby help stay competitive and carve a niche for themselves in this segment, informed an owner of a small-sized yarn agency in Kolkata.
While the prospects of the industrial wear manufacturing sector seems bright, SME apparel exporters need to take calculated decision prior to foraying into this sector.
|
