A US$ 1 Billion Opportunity for Technical Textiles in Healthcare, Highlights IKS Report

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• Publié par: indiamart-com
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• Langue: English

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A US$ 1 Billion Opportunity for Technical

Textiles in Healthcare, Highlights IKS Report

PR Newswire

NEW DELHI, May 31, 2012

NEW DELHI

,

May 31, 2012

/PRNewswire/ --

IndiaMART Knowledge Services (IKS) launches industry report on 'Apparel &

Fashion Industry' for SMEs

Highlights current trends in the sector & brings forth SMEs view on the present

market scenario & growth foreseen

Analyses role of internet in building growth opportunities for SMEs in the sector

The healthcare sector currently stands at

$40 billion

and is estimated to reach

a size of

$142 billion

by 2020. Technical textiles is expected to benefit

immensely from this growth. This is because the technical textiles usage by the

healthcare sector is expected to rise to

$ 1 billion

by 2016-17 from

$409 million

.

These details are highlighted in the latest report on

"Apparel and Fashion

Accessories Industry"

launched by

IndiaMART Knowledge Services (IKS)

,

an in-house research unit at IndiaMART.com, exclusively for small and medium

enterprises (SMEs).

The comprehensive report collates significant information on the apparel and

textile industry available in reports and studies by different organisations.

The IKS report also includes an exclusive analysis of apparel sector data on

IndiaMART.com marketplace and draws attention to the growing online

business activity among SMEs in the sector. Apart from this, it focuses on the

current market trends and business sentiments amongst SMEs in the apparel

sector. The IKS report is intended to help SMEs identify areas of growth for

business and tap them to their advantage.

On the report launch,

Mr. Dinesh Agarwal, Founder & CEO,

IndiaMART.com

said, "We have been closely working with SMEs for many

years now. What compelled us to go ahead and create such a comprehensive

industry report was the need for updated sectoral information and insights

which could be useful to the SMEs. While working on the report, we were able

to identify growth areas for SMEs, one of which is the technical textile segment.

It has immense growth opportunities to offer to them as this industry is likely to

grow to

$31.4 billion

. With such in-depth analysis, we hope SMEs in this sector

find this report as a ready reckoner for their businesses. This will be followed by

other such sector-specific reports."

Key highlights of the report include:

- Apparel SMEs in metros more active on internet than in tier-II & III cities

- Online business activity among SMEs in the sector surged by 38.7% this year

as compared to last year

- High majority have an optimistic outlook with respect to sales in the near

future, suggests IKS survey of SMEs in the apparel sector

- Export market is expected to touch

$43 billion

while domestic market will

reach to

$57 billion

by 2015

-

India

has the potential to increase its share of textile and apparel in world

trade to 8% from current level of 4.5%

The Indian Apparel & Fashion Accessories sector is one of the most important

industries in the economy owing to the status it has earned of being the largest

exchange earner and one of the biggest employment generating sectors.

The report worked its way inside the industry and also captured SMEs'

viewpoint on major issues, market growth, lack of proper credit facilities,

exports

et al.

To read the full report, click here:

http://www.indiamart.com/knowledgeservices/sme-research.html

About IndiaMART.com

IndiaMART.com

India's

largest online B2B marketplace for Small & Medium Size

Businesses, connecting global buyers with suppliers. The company offers a

platform & tools to over 1 million suppliers to generate business leads from

over 5 million buyers, who use the platform to find reliable & competitive

suppliers. The company has over 3500employees located across 75+ offices in

the country. Its existing investors include Intel Capital and Bennett, Coleman &

Co. Ltd.

Products & Services

IndiaMART.com offers products that enable small & medium size businesses

generate business leads (online catalogs/store-fronts), establish their credibility

(third party verified trust profile) and use business information (finance, news,

trade shows, tenders) for their business promotion.

For more information, please visit: http://www.indiamart.com/corporate/press-

section.html

Media Contacts

Pawandeep Kaur

Manager - Corporate Communications

T: +(91)-(120)-30908654

F: +(91)0120-3911010

E: [e-mail]