Intex South Asia - 15 | 16 | 17 November, 2017

South Asia

  • South Asia is the world’s second largest market for garments and textiles after China.
  • South Asian countries comprising India, Bangladesh, Sri Lanka & Pakistan are fast becoming the first choice of global brands for manufacturing garments and textiles.
  • South Asia region is expected to reach US$ 84 billion by 2020.
  • South Asia already manufactures 80% of the world's leading brands and the region has 12.3% global market share of apparel exports.
  • The South Asian domestic apparel industry is growing incredibly fast.
  • Indian domestic apparel industry itself is worth around US$ 45 billion and is expected to grow at a CAGR of 9%, reaching $102 billion by 2023. Similarly, Pakistan's domestic apparel industry is around US$ 7 billion, Bangladesh around US$ 5 billion and Sri Lanka around US$ 2 billion strong and growing.
  • South Asia occupies the most unique position globally in being able to manufacture and supply for global brands as well as create, grow and market to a new and upcoming clientele comprising the youngest population in the world.
  • South Asia’s huge exports as well as vast domestic consumption are fast moving up the value chain.