your password has been reset successfully, Please login again.

Top 5 Latest Innovations in Textile & Garments Business

The Indian textile sector is adopting innovative solutions that are shaping the future of the industry.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Nov 11,2020

Textile & Garments Business

The Indian textile and garments business is a significant contributor to the country’s economy. This industry creates plays a major role in the country’s growth through its contribution in terms of employment opportunities, export income, and industrial output. India is set to become the new global manufacturing hub for textiles and garments. As per the report published by Grand View Research Inc., the global textile business is predicted to reach USD 1,350.2 billion by 2027. In recent times, this industry has experienced great changes. The textile business ideas have witnessed great innovations where extreme change has become the new normal. The competition has become stricter owing to which innovation has become important to offer the required competitive edge. The last few years have been very productive with all new kinds of innovations contributing to the textile and garments sector.  

With the changing time, consumers have now been associated with the digital world, many designers have adopted new technologies to push the boundaries of manufacturing, marketing, and production. From artificial intelligence, blockchain, and sustainability. 

 Here we tell you some of the latest innovations that are being used in the textile sector

Design Technology

 New developments in design technology helps in designing and selling the product. Designing a new garment includes looking for the best fit, for example, to find how to lose or well-fitted the costume is. This process can be improved by 3D rendering. Today many brands are adopting the trend of 3D printing in their collections. It results in reduced waste and is less-labor intensive. 

Other than this, the introduction of artificial intelligence and automation has bought a new wave of innovation to the textile industry. This innovation has helped many businesses to remote monitor and manage their machinery and data collection to work towards further development. For example, features like chatbot and touchscreen have are being used to enhance the customer experience. The technology behind these includes algorithms that help in tracing customer journey that leads them to buy the right product. These tools are effective, other than this trend forecasting and supply chain management are some of the most lucrative avenues for artificial intelligence. For example, real-time inventory tracking helps in saving time and warehouse management. 

Anyone with experience in the garment industry, can look for textile business ideas and start their own venture. 

Technology

With the ever-changing consumer demands, technology has been improving the textile sector to meet the demands and latest trends. With the help of the Internet Of Things (IoT), there has been an improvement in inventory management, productivity, and data sharing. This includes apparel with wearable spaces, responsive sportswear, and a lot more. This allows the factories by providing them real-time feedback from companies about defective products which later on saving money and reducing waste.

This also helps in improving customer engagement as they can view products before buying. Some companies are using artificial intelligence and augmented reality to improve customer experience. 

E-commerce

This industry plays a significant role in the textile and garments industry. It helps the customers so that they can connect, and business to engage. In terms of purchasing machinery, customers like to interact personally in different areas. Textile business ideas must opt for advanced tools that are available in the market. E-commerce is getting bigger and has impact the lives of many people. It has not only reduced the turnabout for order fulfillment; but, also enhanced the buying experience. 

Blockchain technology

This is a great tool for attaining transparency and efficiency in the supply chain. It enables all the members, from carriers and banks to suppliers to be connected to exchange information securely. This technology is used to track records of clothing apparel and supply chain through technology like track and trace and inventory management. 

 

With the help of blockchain, a tag is added to a product that is used to store the data about a particular product. This includes the following things:

  • Who created the yarn
  • Who manufactured the product
  • What costs are involved in every step

All the blocks of data can be stored in the product’s tag that can be assessed by several users involved in the chain. 

 

echnological Sustainability

 

The garments industry is responsible for 10% of global carbon emissions. Sustainable apparel production helps in contributing to sustainable economies. To improve sustainability, data science and recycling technologies have great potential. Many brands are now adopting the concept of ‘slow fashion’ and more buyers are preferring to opt for conscious brands over fast fashion. 

 

Final Word

 

The textile and garments industry is growing through leaps and bounds with creativity, trends, and cross-culture variations. With the increasing innovations and backed by domestic consumption with rich export demand, the future of this industry seems to be promising. One needs to know textile business ideas and process technology in the textile industry. There is a lot of scope in this industry. 

 

In addition to this, we need to be cautious about how to consume and create a world of sustainable fashion.

Please add your Comment
SIMILAR Articles
November 25, 2020
If you are thinking of taking over a business, then this is nonetheless the perfect time when you ca ...More
By Jaspreet Kaur
November 09, 2020
Learn how to get maximum return by selling your business. In addition to this, know how to get best ...More
By Pragya Rawat
November 09, 2020
Looking for an opportunity in telecommunications sector? Know some of the most cost-effective and re ...More
By Pragya Rawat
November 02, 2020
Digitising the business has become immensely crucial in this digital era. Otherwise, similar to the ...More
By Jaspreet Kaur
October 29, 2020
Ever since the pandemic, we have observed a great surge in demand for emergency medical services. Th ...More
By Nupur Sharma
October 14, 2020
A slew of business opportunities have surfaced in the market that aspiring entrepreneurs are swiftly ...More
By Jaspreet Kaur
September 18, 2020
In the fast-moving world, entrepreneurs residing in small towns and rural cities find it difficult t ...More
By Jaspreet Kaur
September 17, 2020
The pandemic is an ongoing crisis in most parts of the world that has wreaked havoc on the MSME sect ...More
By Nivedita Motwani
September 16, 2020
With the onset of Coronavirus, people’s lifestyle has dramatically changed and also, business ideas ...More
By Jaspreet Kaur
August 04, 2020
The entrepreneurs have to proactively act, in the current times, and ascertain new emerging business ...More
By Jaspreet Kaur
July 08, 2020
Service-based companies are thriving and will continue to grow in the post-pandemic period ...More
By Jaspreet Kaur
July 01, 2020
There arrives a situation in every businessman’s life when they seek guidance; when they want someon ...More
By Jaspreet Kaur
Our web site uses cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Make an Informed decision OK x