India’s Eco-friendly Clothing Market on the Rise

2010-11-24 09:36 PM

altenergygeek
Chennai, India
Posts: 7

When people talk of organic products in India (I mean organically grown products), most times they are talking about organic foods. But there are other product markets that are beginning to show some traction in the market. One such is organic clothing.

"...the market for eco-friendly clothing in India is on the rise. From the current 1% of the total market of Rs. 32,000, it is expected to grow to 5% by 2015 – that’s almost 40% CAGR for the next five years, and a total market size of about Rs. 1500 crores." (Source: EAI Blog).

I like that. There is nothing like market forces to spur entrepreneurs to do things big and fast, and a fast growing market for organic clothing is sure to give the necessary encouragement for many Indian entrepreneurs and businesses to invest more in this sector.

What are your thoughts?