2. Athleisure : Introduction
Style of clothing worn as athletic apparel but also
suitable for casual, everyday wear.
It is a trend in fashion in which clothing designed
for workouts and other athletic activities is worn
in other settings, such as at the workplace, at
school, or at other casual or social occasions.
Yoga pants, leggings, tights, shorts, tops, bras,
etc. are some athleisure outfits.
Improvements have been made in functionality
due to innovations in textile and technology to
make such garments more breathable,
lightweight, and waterproof.
The new garments are performance enhancing.
3. Market Overview
Estimated market size of $44 billion in the US alone,
according to research firm NPD Group.
While the apparel sales, as a whole, increased 2% year-
on-year in 2015, the rise in active wear sales was a
whopping 16%.
NPD stated : If this category is excluded, the total
clothing sales would have declined 2%.
Predicted a growth to $83 billion by 2020.
4. Alcmene Apparels
Heracles is the ancient
Greek god widely
attributed to sports and
athletics.
Alcmene was the mother
of Heracles.
The name of our
athleisure apparel
manufacturing company
will be Alcmene Apparels
LLP, taking cue from the
ancient Greek mythology.
5. SWOT Analysis
Strength
•Futuristic design
•Quality of textile fabric and
production
•Availability of labour
•High class training to workers by
Industrial Engineering specialist
•Short lead time
Weakness
•Lack of experience in foreign
market values
•Higher charge for order quantity
below Minimum Order Quantity
•Lack of skilled human resource
•Lack of proper image and
marketing initiative
Opportunities
•Increase in population between the
age group of 18-35 years.
•Financial and logistic support
provided by the state and central
government to entrepreneurs in
garment manufacturing
•Value of labour
•Consumer’s wish of a new design
•Better equipped and facilities to
produce high value added garment
unlike Bangladesh
Threats
•Competitors have a wide
distribution net with more sales
place.
•Lack of skilled personnel.
•Competitors having more advanced
technology base.
•Import of similar products at lower
price from countries like China and
Bangladesh.
6. Mission
• To be a market
leader in athleisure
apparel
manufacturing.
• To provide
fashionable
athleisure apparel
at affordable prices.
• To innovate, and
become cost
effective and
globally
competitive.
• To gain the
confidence of
athleisure apparel
retailers around the
world.
Goals
• To become a
socially, ethically
and
environmentally
responsible apparel
manufacturing
company.
• To live up to the
expectations of
customers by
addressing
complaints
• To manufacture
world class quality
athleisure garments
Target Customers
• Athleisure apparel
retailers around the
world
• Businesses dealing
in athleisure
apparels on online
platforms such as
Amazon
7. Market
Segmentati
on
Gender – both males
and females
Income – middle
class & higher class
Lifestyle – people who
are more interested in
sports and yoga the
primary customers
Age group – people
between age group
18-35 the primary
target
8.
9. Why now?
India - Rapidly developing economy.
50% of population in India falls in the age group
of 18-35 years.
Every investment of $0.15 million made in the
apparel sector generates between 56 and 84
jobs, compared with an average of 6 jobs across
all industrial sectors.
So, the government is providing a lot of financial
and logistics support to lure entrepreneurs in
garment manufacturing.
10. Apparel Policies of Jharkhand
Component Grant Assistance
Infrastructure support
100% grant-in-aid will be provided
towards infrastructure support not
exceeding Rs 4 crores per incubatee
and Rs. 12 crores per Incubation
Centre
Capacity building through
support & linkages
I00% grant -in-aid towards Capacity
Building Services and Linkages @
Rs 31 lacs (maximum) per incubate
Plan B – If we are unable to get an opportunity for setting up a garment
manufacturing facility by the government due to hassles such as bureaucratic red
tape, we can rent customised shades available for apparel manufacturing in places
such as Ahmedabad, Bengaluru etc.
11. Operation Plan
List of assets required for initial setup:
S. No. Asset Quantity
1 Marker Plotter
Machine
1
2 Automatic Spreader
Machine
1
3 Straight Knife Cutting
Machine
4
4 Overlock Machine 38
5 Flatlock Machine 38
6 Single Needle Lock
stitch Machine
4
7 Steam Boiler 1
8 Iron + Ironing Table 6
9 Needle Detection
Machine
1
12. 10 Thread Sucking Machine 1
11 Finishing Room Table 4
12 Machine for Tape Attach
on Carton
1
13 Table-Chair Set for
Desktop
15
14 Desktop 15
15 Wi-Fi Router 2
16 Fire Extinguisher 10
17 Printer 1
18 Camera 5
19 Cool Water Dispenser 2
20 Racks for Storage 30
21 Sofa-Set 1
22 Ticketing Machine 1
23 Cut Parts Bin 10
13. Manpower Requirement
S. No. Designation No. of People
1 Managing Director 1
2 Director-Administration 1
3 Director-Finance 1
4 Director-Merchandising 1
5 Manager-Production 1
6 Manager-Quality 1
7 Head-Industrial
Engineering
1
8 Factory Head 1
9 Maintenance
Department
2
14. 10 Administration
Department
2
11 Finance Department 2
12 Human Resource
Department
2
13 Industrial Engineering
Department
2
14 Merchandiser 2
15 Supervisor 6
16 Quality Inspector 3
17 Helper 6
18 Operator 101
19 House-keeping 4
Total 140
15. Proposed Key Financial Performance
Indicator
Customer repeat rate
Revenue growth year-over-year
Gross margin improvement
Gross margin = Total sales revenue – Cost of goods
sold
Payback period – Length of time required to recover
the cost of an investment
16. Team Goals
S. No. Department Goal
1 Administration To act as a communicating
channel among all the
departments to ensure smooth
day-to-day operations
2 Finance To ensure the financial health of
the organization is strong
3 Merchandising To ensure the buyers are
satisfied and assist the
production department
4 Production To ensure production targets are
met within the stipulated time
frame
17. 5 Quality To ensure quality standards are met
and implementing “right quality first
time” as far as possible
6 Maintenance To ensure minimal loss of
production time due to machine
breakdown and achieve maximum
longevity of machines
7 Human Resource To ensure the right person does the
right job at the right time
8 Industrial Engineering To ensure the best utilization of man
and machine resources available in
the factory
18. Production Plan
4 lines of 20 sewing
machines each
Intended production
capacity at 100%
efficiency = 1,500~2,000
garments per day
depending on the product
and style
The athleisure products
we will manufacture are
T-shirts, casual trousers,
yoga pants, tights,
leggings & shorts.
19. Target departure date –
establish a time frame for
departure
Financial needs analysis -
how much money we must
receive from the transfer of
the business in order to
achieve financial security
and independence
Target successor- will
reflect our successor
owner preferences
Preliminary valuation -
reliable idea of how our
business will contribute to
our financial goals
Future cash flow estimate -
evaluate the likelihood of
success of various exit
paths
E
X
I
T
P
L
A
N
20. Executive Summary
Product Description:
Athleisure wear: T-shirt, Trousers, Yoga pants,
leggings, tights, shorts, tops, bras.
Target Customers:
• Athleisure apparel retailers around the world
• Businesses dealing in athleisure apparels on
online platforms such as Amazon
Competition:
Competitors from China and Bangladesh are
importing similar products at lower prices. They
have a wide distribution net with more sales place
and having more advanced technology.
21. Opportunity:
• In India, there is a great opportunity for athleisure
wear as there is about 50% of population in between
age group of 18-25 years.
• Central government and state government provide
financial and logistic support to entrepreneurs in
garment manufacturing.
• As this era is a fast fashion change, therefore there
will be a frequent style change which results in
maximum number of orders.
Conclusions:
India is a bright spot in global opportunity in the field
of apparel production and retail. So this is the best
time to invest in athleisure wear garment
23. References
Thompson E. What’s up with today’s active wear? 17, July, 2012. Retrieved from :
http://www.therobinreport.com/whats-up-with-todays-active-wear/
Bailis R. Why millennials love active wear? 16 November, 2016. Retrieved from :
http://multichannelmerchant.com/blog/why-millennials-love-activewear-the-numbers-behind-this-
explosive-growth/
Bain M. Sportswear is carrying the global apparel industry. 23 January, 2017. Retrieved from :
https://qz.com/889672/sportswear-is-carrying-the-global-apparel-industry/
Athleisure trend is here to stay. 6 October, 2016. Retrieved from :
https://www.forbes.com/sites/greatspeculations/2016/10/06/the-athleisure-trend-is-here-to-
stay/#6ff5bbea28bd
Jharkhand Textile, Apparel & Footwear Policy 2016. Retrieved from :
http://momentumjharkhand.com/wp-content/uploads/2016/09/Jharkhand-Textiles-Policy-2016.pdf
Andhra Pradesh Textile & Apparel Policy 2015-2020. Retrieved from :
http://www.apindustries.gov.in/APIndus/Data/Industry/Textile%20Policy_April_2_2015.pdf
Gujarat Garment & Apparel Policy 2017. Retrieved from :
https://www.ic.gujarat.gov.in/documents/news/17-10-2017-14-08-23gujarat-garment-apparel-policy-
20172-new-17102017.pdf
Telangana Textile & Apparel Incentive Scheme 2017. Retrieved from https://www.tgnns.com/telangana-
new-district-news/telangana-textile-apparel-incentive-scheme-2017/2017/08/18/
Odisha Apparel Policy 2016. Retrieved from : http://investodisha.gov.in/download/APPAREL-
POLICY.pdf
Incubation opportunity for new entrepreneurs at Gwalior, Madhya Pradesh. Retrieved from :
https://iidcgwalior.com/PDF2018/Incubation%20Opportunity%20for%20New%20Entrepreneurs%20at%
20Gwalior%20M.P.(Advertisement+Concept%20note+Registaration%20From)pdf.pdf
Pangariya A. Apparel industry model holds the key for India’s job creation requirements. 16 January,
2018. Retrieved from : https://economictimes.indiatimes.com/news/economy/policy/apparel-industry-
model-holds-the-key-for-indias-job-creation-requirements/articleshow/62514682.cms