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streets, fashion has to do with ideas, the way we live, what is happening...........
-Coco Chanel.
FASHION HUB
Fashion hub is the place for all the fashion activities, which makes an identity
for itself by making various designers and all the designer houses to come
together.
All the activities for the fashion events are scattered in different areas and
hence there is a need to create a demarcated zone for the fashion industry.
This hub will also act as a connection between education and the industry
thereby giving huge exposure to the students.
For the global fashion industry, India is a very big exporter of fabrics and
accessories. India’s strengths not only depend on its tradition, but also in its
raw materials. World-over,
Apart from having cheaper skilled work force. India provides these fabrics to
the international fashion houses at competitive prices with shorter lead time
and an effective monopoly in designs which covers elaborated hand
embroidery.
With more women coming out to work, the combined western wear market in
sales terms has been increasing at a whopping 27% per annum. The Indian
luxury retail market is currently growing at a compounded annual growth rate
of 25%. India is the future destination for luxury retail brands across the globe
and many of these brands are planning huge expansion in India. Luxury retail
is not only limited brands falling in this category.
To create a hub will serve the purpose of a permanent market-place for the
Indian fashion industry to further their business transctions and continue to
nurture Indian fashion industry in times to come. This will create enormous
synergy between the various components of the fashion industry.
There is a long way to go as India still does not have any street which can be
called high street like New York’s Fifth Avenue and London’s Fashion Street.
Strength
Weakness
Weakness
Opportunity
• Growing Industry
• Phasing out of quotas (India has to open its protected domestic market
for foreign players, thus making domestic markets suffer)
CONCLUSION: