TANTU recently announced fifth annual seminar on “Performance Textiles:Athleisure and Active Sportswear” to be held at India International Center, Max Muller Marg, New Delhi on 16th September 2017. TANTU is the alumni association (North India chapter) of two textile colleges of West Bengal. As a group of core professionals serving textile and allied industries, TANTU brings together experts and working professionals on a common platform to discuss, debate and deliberate on issues related to textile industry so that the industry accrue optimum benefit from the services of professionals and sustain in the competitive market.
On one hand increased mass-interest in active sports and outdoor leisure activities such as running, sailing, climbing, cycling, etc. has led to immense growth in the consumption of textile materials in manufacturing of active sports related goods and equipment. On the other hand increasing disposable income and a surge in female participation in sports are the major factors driving the growth of the world sports apparels market.
The performance sports apparel market is expected to generate revenue of $184.6 bn by 2020, growing at a CAGR of 4.3 per cent during 2015-2020. According to research by Morgan Stanley, the athleisure sector has seen a huge increase of 42 per cent over the last seven years, and is now worth over $270 bn globally – not only that, but athleisure is also predicted to grow another 30 per cent by 2020, especially in Asia and the US. According to The NPD Group, US activewear apparel sales totaled $45.9 bn in 2016, up 11 per cent from last year and far outperforming the traditional apparel sector overall.
According to Euromonitor report, from 2015 to 2016, the Indian sportswear market grew 22 per cent, outpacing the segment’s global increase of 7 per cent. By 2020, it is expected to grow an additional 12 per cent CAGR with sales expected to reach $8 bn. By 2018 Asia Pacific would emerge as the largest sports apparel market. While most of the international brands are already present in India, Indian start-up brands have already made their mark. To discuss on challenges and India’s preparedness in this segment this year’s TANTU seminar on “Performance Textiles” will focus on Athleisure and Active Sportswear.
The TANTU seminar format sans the usual speaker presentation and rather there will be two panel discussions by national and international experts from the field. The panel discussion on “Manufacturing Challenges” and “Markets and Opportunities,” which will be addressed by national and international experts from the field. Anurag Jaichand from Woodlands, Roshan Baid from Alcis, Mohit Singhal from Aurro, Bijesh Todi from T10 Sports, Bhupinder Singh from Wildcraft, Deepak Singh of Shiv Naresh Sports, Ram Sareen of Tukatech USA, Indu Sharma from Delta Galil USA, and Deepankar Sekhri from Decathlon have already confirmed their participation in panel discussion.
Dr. Prabir Jana, President, TANTU and seminar Chairman says, “The seminar will be a congregation of experts and practitioners of Athleisure and Active Sportswear domain, never seen before. The brands, the manufacturers, the technology providers, the fabric and accessories suppliers will join together to discuss the strengths, weaknesses, opportunities and threats in manufacturing and marketing domain. The deliberations of the experts will share and solve the problems and facilitate the newly created yet high growth segment to establish as India’s strength.