HP Link Fashion, a trading and sportswear manufacturing company based in Vietnam, plans to expand its operations in India. The company believes new regulations in sportswear alongwith growing health consciousness among Indians have made the country a very attractive market. The Indian sportswear sector grew at an impressive 22 per cent in 2015-16, outpacing the 7 per cent surge of the segment globally. The segment, by 2020, foresees a growth of another 12 per cent compound annual growth rate.
By 2020, it foresees a growth of another 12 per cent CAGR. Additionally, India is set to be the world’s youngest nation by 2020 with 64 per cent of its population expected to be in employed group. This too is likely to provide a fillip to the market.
