In his keynote address on 'Markets and Trends in Denims', Worsham said that the growth of denim in US has slowed down but China, India and Latin America are likely to see tremendous growth.
He also said that close to 1.9 billion units of denim jeans were sold in the world in 2015 and by 2021 the yearly sales of jeans will cross 2 billion units.
S N Modani of Sangam Group said that per capita consumption of denim in India is 0.3 pairs, which is much lower than that of China (2 pairs) and the US (8 pairs).
CEO of Arvind Ltd, Aamir Akhtar, however cautioned denim manufacturers saying they cannot get into a comfort zone as the consumer is not going to stay with denims forever.
Dr Pankaj Chandra, former director, IIM Bangalore said, "The textile industry structure must be disrupted by new technology and skills.
The textile and apparel sector has seen the fewest startups in the last three years among the five major sectors in the country that provide the maximum employment
" Chandra further put a question to manufacturers, "Do you think the textile sector can perform without its small players experimenting?"
Akhtar further said, "China is losing its sheen and countries including India have got the opportunity to fill that gap in exports.
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