Home / Knowledge / News / Apparel/Garments / B'desh aims at greater share in high-end apparel market
B'desh aims at greater share in high-end apparel market
21
Apr '12
As orders for high-value clothing items shift away from China, the largest apparel exporting nation, owing to rise in wages and other factors, Bangladesh is getting ready to grab as much share as possible.

The readymade garment (RMG) industry in Bangladesh produces more of low to middle-end apparel products and only a small number of factories are currently engaged in the manufacturing of high-value products for some of the world's premium apparel retailers.

Speaking to fibre2fashion, Md. Shafiul Islam Mohiuddin, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said, “Bangladesh is trying hard to grab as much share as possible as China reduces its market share in supply of high-end apparels.”

“High-end products are suits, fancy dresses and casuals that carry a high value. Orders for these products are slowly coming shifting from China and coming to Bangladesh. However, it does not mean that all orders will shift to Bangladesh from China,” he adds.

Elaborating further, he says, “Nowadays, buyers are a little concerned regarding their inventories and they are placing lesser orders than usual. It is because retailers do not want to keep inventories in their stores anymore. They monitor different styles and how they sell and if they find that some styles are doing well, then they go for replenishment of those styles,” he explains.

“For replenishment, buyers look for sources which are geographically nearer like Turkey, and countries in Latin America or North America. This means buyers are willing to pay little higher for receiving goods on time. For example, a European buyer would prefer to pay 10 percent more in Mexico, instead of placing a replenishment order in Bangladesh, owing to geographical proximity that cuts down the delivery time,” he explains.

Manufacturing of high-end apparels require latest technology and skilled workforce. While it is easy to acquire latest technology from overseas, skill-based training needs to be imparted to workers to get efficient workforce.

“We have a huge enterprise on skill development. We are running some institutions and training centres. Recently, we have joined with H&M to start a new a training centre. The Government has also launched some training programmes,” Mr. Islam informs.

Briefing about Bangladesh RMG sector's growth during the current financial year, the BGMEA President reveals, “During the first three quarters of our financial year 2011-12, the RMG sector has grown at 16 percent year-on-year in terms of value, and only 8.7 percent y-o-y in terms of volume. The less than estimated growth is due to financial crisis in European countries.”

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Abhishek Pachauri

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

Hardik Sanghvi

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

Suresh P Bagrecha

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

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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