Contract Manufacturing-a Boon for the Textile Industry

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• Contract Manufacturing - a Boon for the Textile
  Industry
• What is contract manufacturing?
• Contract manufacturing is a form of outsourcing
  where the contractor undertakes to produce goods
  (or provide services) as per the specifications
  of the buying company. The latter focuses on
  assembling the parts of the products that has
  been outsourced and then marketing the same.
  Alternatively, if the entire production is taken
  care of by the contracting company, then the
  buyer can only concentrate on marketing and other
  business functions.
• What are the advantages of contract manufacturing
  in textile industry?
• Among the several benefits of contract
  manufacturing, the key factors affecting the
  textile industry in particular are
• Quality assurance Given their technical and
  technological expertise, you are assured to
  get ready-to-market high quality products.
• Cost saving You can save on high-investment
  factory set-up and machinery costs. You can
  either invest in an assembling unit or a
  warehouse for receiving and
• dispersing finished products. Certain contract
  manufacturers will deliver directly to your
  retail outlets. Theres significant savings on
  labour costs as well.
• Faster turn-around time Your go-to-market
  strategy gets a vital boost if the
• manufacturing is outsourced to a capable partner.
• Upscaling For small businesses or start-ups,
  this model works well. You can start moderately
  and scale-up production gradually as your
  business expands. Theres no worries of expanding
  manufacturing capacities.
• Design and style guidance Some
  contract manufacturers take end-to-end
• responsibility of your product. This is not only
  limited to the actual manufacturing, but also
  pre-production assistance, such as design
  and style inputs, manpower training (if
  applicable), etc.

What is the market scenario in textile contract
manufacturing? The global contract manufacturing
sector was estimated at approximately 6500
million. With a CAGR of 4.1, its expected to
cross 8900 million by 2029. What is the Indian
textile industry worth?
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Textile industry in India has a long historical
background. Around 4.5 crore employees are
engaged in this sector which is slated to cross
the 200 billion mark by 2029. India is the
largest producer of cotton in the world and one
of the leading manufacturer of handloom/
handicraft products. How to find a suitable
textile contract manufacturer? If you are
looking to partner with a reliable contract
manufacturing firm, then you may look at
Industry Experts. The supplier base coupled with
experienced professionals specializing in
different areas of business, will make the entire
process a seamless one.