A recent market research report suggested that men's apparel industry in India was expanding.
RNCOS, an industry research firm in India, in its recent market research report estimated that the men's apparel industry would increase at a compound annual growth rate (CAGR) of 14.86% during the two-year period from 2008 to 2010.
The demand for ready-made garments in rural India would surge at a CAGR of 16.50% to reach Rs. 42918 Crore by 2010, while branded apparel industry for men was expected to increase at a CAGR of 24% exceeding Rs. 25,000 Crore by 2010.
Men's apparel industry was mainly dominated by shirts (in value terms) last year, accounting for 36.5% of total men's segment. The Indian fashion industry was expected to rise at a stupendous pace of 22.67% through 2012 from 2007.
At present, major players in the Indian men apparel industry included Madura Garments, Provogue India Ltd, Raymond Apparel Ltd, Pantaloon Retail (India) Ltd and Levi Strauss.
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