Home / Knowledge / News / Apparel/Garments / Chinese sourcing interest excites B'desh RMG makers
Chinese sourcing interest excites B'desh RMG makers
03
Sep '12
Bangladeshi readymade garment (RMG) producers are viewing Chinese sourcing interest as a huge opportunity to tap the unexploited market with 1.3 billion customers.
 
Of late, Chinese apparel exporters are evincing interest in sourcing apparels from Bangladesh, as the cost of production has gone up in the world’s second largest economy. 
 
A high-powered Chinese delegation, headed by China National Garment Association (CNGA) Vice-President Feng Dehu have visited a number of RMG units in Bangladesh as a part of their market exploration study.
 
Meanwhile, looking at importing low-cost but high quality apparels from Bangladesh, some Chinese conglomerates have already started offices in Dhaka.
 
Addressing a press conference organized by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in Dhaka, in connection with the CNGA representatives’ visit, BGMEA President M Shafiul Islam Mohiuddin said with a rise in per capita income and standard of living in China, the demand for clothing is also rising in that country. 
 
This presents Bangladesh with a great opportunity to meet the Chinese clothing demand, as the country each year exports US$ 143 billion worth of apparels, which is a big chunk of the global clothing exports of US$ 400 billion, he added.
 
Further, Mr. Mohiuddin said Chinese apparel producers are now looking at strategically shifting their production to other locations and the delegation eyes a potential of doing business in Bangladesh. Such a shift is considered to be mutually beneficial proposition for both the nations, as Chinese entrepreneurs are shifting to production of more high-end and state-of-the-art industries.
 
Mr. Debu said they are quite amazed by the healthy and pro-production atmosphere that they saw in several Bangladeshi RMG units they visited, and added that the alliance between garment industries of two countries would prove to be a win-win situation for both of them.
 
Chinese producers each year churn out apparels worth US$ 300 billion, 91 percent of which is consumed domestically, he said and added that he looks upon Bangladesh to be a perfect sourcing destination for Chinese firms.
 
BGMEA Second Vice-President Siddiqur Rahman said the alliance between apparel manufacturers of Bangladesh and China would greatly help in trimming down the trade deficit between Dhaka and Beijing.
 

Fibre2fashion News Desk - India


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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