The tracksuit is an outfit that comes with a jacket and a trouser. It is popular sportswear as well as casual wear. Here in this article, we intend to explore how to start a tracksuit manufacturing business.
The tracksuit is a popular item among every age group of people. Additionally, men, women, and kids all use this item as sportswear or casual wear. The dress is hugely comfortable and functional. The item comes in different colors, sizes, patterns, and designs.
Additionally, there are different tracksuits for men and women. However, the price of the tracksuits hugely depends on the fabric.
The item comes in different colors, sizes, patterns, and designs. Additionally, there are different tracksuits for men and women. However, the price of the tracksuits hugely depends on the fabric.
Any individual can start a tracksuit manufacturing business with limited infrastructure and capital investment. However, he or she must have knowledge about fashion and current trends in the industry.
Tracksuit Market Potential
The sportswear industry in India is increasing rapidly. So the demand for sportswear is also growing. Additionally, the increase in lifestyle diseases like obesity is making people fall under a regular fitness routine. These are the major reasons for the increasing demand for tracksuits.
Read: Profitable Home-Based Manufacturing Business Ideas
The increase in lifestyle diseases like obesity is making people fall under a regular fitness routine. These are the major reasons for the increasing demand for 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 stylish and trendy casual or informal wear for daily use.
Therefore, starting a tracksuit manufacturing business is highly lucrative and profitable for entrepreneurs.
Tracksuit Manufacturing Business Compliance
In starting a small-scale manufacturing business you will need to obtain different registrations and licenses from the Govt. authority. It is advisable to check your state law. However, here we put a list for the ready reference.
- First of all, determine the form of your organization and register it. However, a sole proprietorship organization doesn’t demand any ROC registration
- Apply for a Trade License. It is mandatory.
- GST registration is a must. Additionally, check whether there are any other tax liabilities for this item in your state.
- Apply for BIS certification. You must maintain the quality of the standard of IS 4375:1975
- Register your brand name with Trademark
- Open a Current Bank Account for business transactions.
Related: Small Business Registration In India
Tracksuit Manufacturing Unit Setup & Machinery
A 500 Sq Mt area is perfect for starting a small-scale tracksuit manufacturing business. However, space must have arrangements for utilities like water and electricity. You will need to have water for washing purposes and electricity for machine operation.
Some of the important tools and machines are
- Fabric inspection machine
- Motorized fabric-cutting machine
- Overlock stitching machine with motor
- Flatlock stitching machine with motor
- Sewing machine with motor
- Rib-cutting machine with motor
- Garment washing machine
- Drying tumbler
- Washroom trolleys
- Electric clothing steamer
Tracksuit Manufacturing Process
First of all, you will need to procure the knitted fabric from reliable suppliers. Do inspect the fabric through the fabric inspection machine. Try to find out if there are any faults in the fabric. If you find any fault, remove the fabric immediately.
The next step is cutting. You will need to cut the fabric into the desired size of different pieces.
Then stitch the cut pieces to give the final shape of the tracksuits. Finally, You will need to wash the suits with the garment washing machine and detergent powders.
After downloading the garments from the washing machine, they are put into a hydro-extracting machine to remove excess water. Furthermore, dry the suits in the dryer tumbler to a required extent.
Finally, you will need to check thoroughly the suits to find out any manufacturing defects and abnormal measurements.
After the inspection, you must remove the wrinkle marks through the clothing steamer. Finally, fold the tracksuit and pack them in polyethylene bags.
The major required raw materials are fabrics. Additionally, you must procure different types of fabrics like cotton, polyester, or mixed fabrics. However, the selection of the right fabric is very important in this business. Moreover, fabric determines the overall quality and price of the tracksuit.
Apart from the different fabrics, you will need to procure sewing threads, zip, button, elastic tape, etc. Additionally, you have to procure packaging consumables also.
Cost to Start Tracksuit Manufacturing Business
The startup investment of launching a tracksuit-making business will depend on the production capacity and location. However, on average, the initial cost of starting a tracksuit manufacturing business will be around Rs. 2 Lacs to Rs. 50 Lacs on a small scale.
If you are short on funds, it is advised to visit a nearby bank and apply for a business loan. You will need to furnish your business project loan for availing of business loans from banks.
You can also install business loan apps for instant loan disbursement.
Also, do not forget to apply for a credit card. for meeting small daily business expenses.
The tracksuit manufacturing process is simple. Additionally, the business is comparatively easy to start. However, you must concentrate on building brands for the long-term success of your tracksuit business.
Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.