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The innerwear segment has grown manifolds in India, but is yet to realise its full potential. During the last few decades, the organised inner wear sector has risen exceptionally. The men’s inner wear is currently worth Rs 9477 crore as per 2017 estimates, and is expected to grow at a CAGR of 7 per cent in the next decade to reach Rs 17454 crore by 2027. While, the women’s inner is valued at Rs 18454, and is expected to touch a whopping figure of Rs 56364 crore by 2027, if it continues to grow at an fabulous rate of 12 per cent CAGR over the next decade.

Related Keywords: build up its brand presence, eastern region is biggest in terms of sales, Europe and Japan, fabrics and garments company, Middle East and South Asian countries, multi-branded outlets, part of overseas push, Raymond, recently opened an office in Dubai, sales comes from retail outlets, supplying fabrics to leading garments manufacturers, US

Raymond, fabrics and garments company as part of its overseas push is now planning to build up its brand presence in the Middle East and South Asian countries. The company is also supplying fabrics to leading garments manufacturers in the US, Europe and Japan.

Sudhanshu Pokhriyal, president (suiting) Raymond Limited said that their products get acceptance in 55 countries. Now they are aiming to make the brand Raymond even stronger in the Middle East and South Asia.

He said that the company recently opened an office in Dubai, which would look after the middle eastern markets.