Home / Knowledge / News / Apparel/Garments / Bangladesh's Nitol Group sets up garment export house
Bangladesh's Nitol Group sets up garment export house
07
Feb '12
Nitol-Niloy Group of Industries, Bangladesh's leading conglomerate with an estimated annual turnover of taka 5 billion, has unveiled a trading platform that will cater to the needs of domestic garment industry for their exports, mainly to India.

The Group has launched Nitol-Niloy Export House (NNEH), which will serve as a platform for sellers to meet potential buyers and thus enhance their garment exports.

The NNEH, set up near Dhaka's Shahjalal International Airport, will have sections for brand development, product design and quality improvement to attract buyers.

At NNEH, sample products of partner garment companies would be displayed to help buyers from abroad choose their items of purchase and place orders.

Abdul Matlub Ahmad, Chairman of Nitol-Niloy Group, said the export house would place top priority on garments and its first target market would be India.

He added that Bangladeshi garments are one of the lowest priced in the global markets and hence, it is necessary to value-add by creating new designs and promoting brands to earn higher revenue from apparel exports.

He revealed that the export house will work in association with fashion design houses from Europe for value addition of its garments.

He informed that NNEH would publish a periodical fashion magazine and invest in research and development (R&D).

NNEH will provide assistance to its local partner firms, especially small and medium sized garment manufacturing firms, to increase their exports, Mr. Ahmad said.

He disclosed that the export house has already received orders worth US$ 400,000 from an Indian buyer and the trading platform aims to achieve US$ 3 billion in export earnings over the next few years.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

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

Judy Frater
Somaiya Kala Vidya

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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