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

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

Textiles | On 7th Dec 2016

‘Price-competitiveness is crucial for China yarn market’

Kikani Exports, India based yarn supplier with 12 years of experience ...

Apparel/Garments | On 7th Dec 2016

Bangladesh RMG exports up 6.39% in July-Nov 2016

Readymade garment (RMG) exports from Bangladesh increased by 6.39 per ...

Interviews View All

Sonia Agarwal
Whitenife

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

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Mohammad Hassan
Biax Fiberfilm

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

Yash P. Kotak
Bombay Hemp Company

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search