No doubt, doing business comes with its own risks as you are investing money and time. However, since the demand for fashion items is increasing more than ever before, your fashion design business can pick up shortly with your determination to succeed.
The domestic fashion industry in India is growing backed by strong consumer demand for fashionable clothing through online portals, mall stores, and small boutiques. The fashion or clothing stores that used to be unorganized with small businesses are now becoming more organized with the rise of large fashion retail chains. However, the demand still exists for small fashion boutiques due to the availability of certain lines of garment or styles. In this article, we look at the procedure for starting a fashion business in India.
Fashion Industry in India and its statistics
The Indian fashion industry is one of the largest in the world as it provides clothing – a basic necessity for more than 1.2 billion people. The present domestic textile industry is estimated at US$ 33 billion and unstitched garments comprise US$ 8 billion. Textiles and clothing account for a phenomenal 14% of total industrial production. fashion business setup under Different models. Like aspirations, experience and expertise of the promoters must be taken into consideration while deciding on the business model.
Here Are Some Tips On Starting A Successful Fashion Design Business