Home / Knowledge / News / Apparel/Garments / B'desh seeks foreign investment in denim industry
B'desh seeks foreign investment in denim industry
03
Mar '16
A top Bangladeshi official has urged foreign denim manufacturers to invest in the country's denim sector which has enough opportunities in the face of rising demand.

Gowher Rizvi , International Affairs Adviser to the Prime Minister, made the statement while inaugurating a two-day Denim and Jeans.com Bangladesh show in Dhaka. The expo displays jeans and denim products along with fabrics to local and foreign jeans manufacturers.

“Bangladesh has become a global player in manufacturing RMG products and there is no reason that it cannot be the number one manufacturer in the world,” Gowher said.

He said Bangladesh could become the world's largest supplier of clothing products because China was shifting its business from clothing to high-end industry

The adviser added: “Bangladesh has made lots of investment in power and infrastructure. So you (foreign investors) can come up with your investment here in manufacturing industry.”

“Bangladesh now exports denim products of $2 billion annually. The figure will increase and we want to raise our 2021 RMG export target.”

Gowher was backed by Dhaka Chamber of Commerce and Industry (DCCI) Acting President Humayun Rashid who said Bangladesh should be considered as a place of investment, not a source of import only.

“It is high time to invest in Bangladesh's denim industry as the country is increasingly becoming a lucrative place of sourcing denim products,” he said, claiming that by 2021 Bangladesh's denim export will reach $7 billion.

Envoy Textile Assistant General Manager (Marketing) Rizwanul Karim said the expo was a platform to inform the global consumers as well as the buyers about the capacity of Bangladesh Denim industry.

Square Denim deputy manager Muhammad Zakir Hossain said since the denim industry was an emerging sub-sector of the RMG industry, the government should offer special policy support on import chemicals needed to produce denim.

He said since the manpower was available in the country, investment could produce good returns.

“Considering the rise of demand, we are going to increase production capacity to 2 million yards from existing 1.5m yards per month, Zakir said.

India's Nandan Denim is also a participant at the expo. The company's Director, DK Jain said, “Bangladesh is highly potential country for us as it supplies products to the European and United States market. Bangladesh is a good source of garment products, even India imports from Bangladesh.” (SH)

Fibre2Fashion News Desk – India


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

October 2017

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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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