Textile and apparel industry is a strategic investment sector with an annual market transaction of more than three trillion USD worldwide which accounts for about two percent of world's Gross Domestic Product (GDP). This also gives opportunity for the fashion industry to thrive.
According to a forecast by the Fashion Industry Summit held in Copenhagen recently, rapid population growth and economic development will lead to a 63 percent rise in the global consumption of clothing in 2030. Hence, by the time, some 8.5 billion people will require clothing.
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