The textile and garment sector of India is at present, one of the most promising and profitable economic sectors of the country. Growing steadily with an annual growth rate of about 13%, this sector comprises nearly the same percentage in India's total exports every year. Boosted by strong domestic and export demands, this garment industry is blessed to thrive in future years.
This webpage offers very useful and exclusive information about the garment or clothing industry in india, doing business in this sector, and our full-range of legal and advisory services for business stability and growth in the Indian textile and garment industry. Well-based in Delhi, our full-fledged law firm offers the complete gamut of supportive services to the corporate world, including the legal and innovative services for various objects of intellectual property. Hence, in addition to company incorporation for doing business in the Indian textile and garment sector, our internationally famous law firm also offers expert and efficient services for brand name and logo registrations related with this booming economic sector. Today, our services for online company registration as well as trademark registration are most popular in entire India.
Information about how to register a clothing or garment company in india, is separately provided under the last section on this webpage. As far as the registrations of the trademarks and logos related with this textile and apparel sector are concerned, the most of these are registered under the Class 24, Class 25, and other related classes of the Nice classification. Again, as far as the selection of a suitable type of company for the garment or clothing company registration in india is concerned, it could be a private limited company, a public limited company, a limited liability partnership (LLP) company, or any SME (Small to Medium Scale Enterprise), depending upon the main activities of the proposed company. The majority of clothing companies of india pertain to these categories of companies in India or abroad.
The Textile and Garment industry of India has been one of the oldest and regularly thriving and profitable economic industries of the country. Today also, the garment and textile sector of India (worth around US$150 billion, as of year 2017) is fast-growing to meet huge domestic and considerably large export demands,and has carved its respectable niche in the global textile and garment market in respect of high-quality, beauty, and durability. At global level, India is the second largest manufacturer of textiles and garments after China, the global leader in garment production.
At present, the textile and garment industry in India contributes about 14% to the total industrial production of the country, around 13% to country's total exports, over 2% to the national GDP, and employs about 105 million people directly and indirectly. Growing steadily with an annual growth rate of around 13%, the garment and textile industry of India is highly expected to reach the level of US$230 billion by the year 2020, from around US$150 in 2017. The domestic market for garment and lifestyle products in India is worth around US$85 billion at the end of year 2017, which is very hopefully projected to attain the level of US$160 billion by the year 2025. And, in the financial year 2017-18, the total textile exports from India stood at US$38 billion approximately. The Government of India has plans to achieve the mark of US$300 billion of foreign earnings by the year 2024-25 through exports of garment and textiles, and generate an additional 35 million jobs in the garment and textile sector of India. Again, around 45% of the total garment exports from India consists of readymade garments, and the segment of men's garment and clothing accounts for nearly 45% of India's domestic garment market. Lastly, the organized retailing of garments in India has been growing constantly with an annual growth rate of around 30% for past many years. Noteworthy here also is the fact that, the garment and textile industry of India had drawn FDI worth around US$3 billion during April 2000 and December 2017. The Indian Government has already allowed FDI up to 100% in the garment sector that too through the automatic route.
Now, the future of Indian garment and textile industry is quite bright and promising, boosted by both huge domestic consumption and export requirements. The domestic consumption will be steady and constantly growing nurtured by the following main factors --- India's vast population; regularly rising disposable incomes in the country; rising trends of fashion and lifestyle garments; low production costs of garments and textiles in India; favorable governmental policies and initiatives; and ever-changing and refining sartorial tastes and preferences of Indians.
The selection of the type of a textile or garment company is made on the basis on its main activities or the primary business.These activities and businesses could be fabric manufacturing, supply or trading of fabrics, apparel and garment making/trading/exporting, fashion designing, wholesale or retailing of garments, etc. Here, it may also be noted that manufacturing of fabrics/textiles is generally capital and labor intensive, and essentially requires a proper and good infrastructure. The fabric manufacturing starts from processes like weaving or knitting, followed by dyeing. Provided below is information regarding the clothing company registration process in India, along with our supportive services.
In the manufacturing sector, the Small Enterprise invests less than Rs Five Crore in plants and machinery; while the Medium scale enterprise invests between Five Crore to Ten Crore in the same. These small to medium scale enterprises enjoy a variety of supports, subsidies, and concessions from Government. For registration of a small-scale or medium-scale enterprise, concerned is the District Industries Center or the Directorate of Industries of the relevant District or State. Our veteran and proficient company lawyers can offer the full-range of services for establishment of SMEs anywhere in entire India.
In general, our prestigious law firm of Delhi and India, offers the following services for company formation and establishment of its businesses, which could be an LLP, a private limited company, or a public limited company:
Ambitious entrepreneurs, industrialists, or investorsmay readily avail our brilliant and cost-effective legal and advisory services for setting up a clothing or garment company (of the desired type) in India, and also for establishing their businesses secure andlucrative, just through ringing over: +91-88001-00284; or forwarding their germane questions or problems at: contact@Company-Registration.in
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