Home / Knowledge / News / Apparel/Garments / 'China can help Bangladesh become top garment exporter'
'China can help Bangladesh become top garment exporter'
13
Oct '16
China can play a major role in making Bangladesh the world's top exporter of garments, according to analysts. Chinese industrialists are now planning to relocate their garments and textile industries, especially those manufacturing low-end apparel. These can be shifted to Bangladesh, where the government is planning to award a special economic zone to China.

If Bangladesh plays its cards correctly, it can emerge as the number 1 readymade garment exporter in the world in the next 10 years, Farooq Sobhan, president of Bangladesh Enterprise Institute, a think-tank, said at a roundtable organised by a leading Bangladeshi daily.

The roundtable 'Bangladesh-China Relations: Connecting the Two Economies' was organised in view of Chinese president Xi Jinping's upcoming visit to Bangladesh.

China currently accounts for nearly 40 per cent share of global apparel consumption, which stood at $445 billion in 2015. In comparison, Bangladesh is far behind with around 6 per cent share.

Will Bangladesh be able to narrow this gap and ultimately surpass China would depend on several issues such as “terms and conditions of Chinese loans and Bangladesh's own ability to provide facilities to fast-track the implementation,” Sobhan said.

Participating in the discussion, Munshi Faiz Ahmad, chairman of Bangladesh Institute of International and Strategic Studies (BIISS), said Bangladesh should not worry too much about the trade deficit with China.

To expand its footprint in China, Bangladesh needs zero-tariff access for most of its items, including apparel, said Mahfuz Kabir, acting research director of the BIISS. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urmil Arya

Sushila International, a well established textile organisation established ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search