India forfeiting up to $7B in apparel exports on supply chain gaps: study
A Vector Consulting study pegs India's missed apparel export opportunity at $3-7 billion, citing fragmented textile chains, sewing efficiency of just 58-70%, on-time delivery of 60-80% and 35-45% of fabric shipped raw instead of converted. Current exports stand at $16B versus a $19-23B potential.
A Vector Consulting study finds India missing $3-7 billion in apparel export opportunity due to fragmented textile supply chains, low sewing efficiency, poor on-time delivery and fabric exported instead of converted into garments. Trade barriers and labour productivity also cited.
Why this matters
The study lands as India's apparel sector pushes for export-focused policy reforms, quantifying the cost of fragmented textile chains and low conversion rates on missed export gains.
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