Project report for Track suit Manufacturing

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Track suits are mainly used by the sports persons while they are playing in the field. This type of dress is also used by the ordinary persons when they go for walking and for some indoor games. The field of sport is emerging the world over, therefore the requirement of suitable dress for the purpose is very essential. Recent India's commitment to hosting commonwealth in Delhi also boost the market of track suits. There has been good demand in domestic and export markets for this item. Therefore, starting a tracksuit manufacturing business is highly lucrative and profitable for the entrepreneurs. The tracksuit is an outfit that comes with a jacket and a trouser. It is a popular sportswear as well as casual wear. The tracksuit is a popular item among the every age group of people. Men, women, and kids all use this item as sportswear or as a casual wear. The dress is hugely comfortable and functional. The item comes in different colors, sizes, patterns, and designs. Good quality track suits are made from cotton or nylon knitted fabric after cutting and stiching. It is proposed to manufacture this item from nylon/cotton interlock knitted fabric. Generally track suits are made from navy blue and maroon colours but these can also be made in any colour combination. The track suit is a two piece garment i.e. Top and Trouser. Top is collar half front open shirt having nylon zip for closing the front and trouser having elastic belt, nylon zip at the bottom portion of legs, white vertical stripes at the outsides of both legs. Top is also having white vertical stripes at sleeves.

Market potential & Strategy

The total revenue in the Sports and Swimwear segment in India currently stands at INR 2,473,200 Crores and The Indian market pertaining to this segment is expected to grow annually at CAGR 11% in 2022. Sportswear industry in India is increasing rapidly. So the demand for the sportswear is also growing. The increase of lifestyle diseases like obesity is making people falling under a regular fitness routine. These are the major reasons of the increasing demand for the tracksuits. Additionally, apart from athletic or fitness activity, this item has evolved over the years to encompass a whole range of fashion. Both men and women buy this item as a stylish and trendy casual or informal wear for daily use. Rise in income and discretionary expenditure of consumers has enabled them to focus on health and wellness. Increase in health awareness is therefore shifting the focus of consumers toward the use of sportswear, thus driving the market. India’s urban population has more spending capacity now than ever before and they are also well-informed of the significance of physical exercises and sporting activities. There is also good potential for exporting suits to the international market.

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