Branded apparel mkt to grow at 15%

The branded apparel market, estimated at Rs 20,000 crore, is expected to touch the Rs 30,000 crore mark in the next three years.

The size of the Indian apparel garment market is Rs 2,45,000 crore, out of which the organised sector is Rs 45,000 to Rs 50,000 crore.

"Out of total apparel garment in organised sector, branded apparel market is estimated at Rs 20,000 crore and is expected to grow at 15 per cent per annum to touch Rs 30,000 crore in the next three years period," Don & Julio Apparels Worldwide managing director Ramesh Jain told reporters here.

The growth in branded apparel sector is in premium quality products & brands as a result of higher disposable income of young generation and their increased exposure to international brands & products like never before in India, Jain said.

Don & Julio Apparels Worldwide has launched premium shirts, trousers, suits and jackets for men in the Indian market.