Home / Knowledge / News / Apparel/Garments / Global buyers prioritize Bangladesh to source apparels
Global buyers prioritize Bangladesh to source apparels
16
Nov '12
Global apparel buying firms are exploring alternative destinations to source their garments, owing to rising cost of production in China, and Bangladesh has emerged as priority for these companies to source apparels.
 
After convening a meeting with representatives of American Chamber of Commerce in Hong Kong (AmCham), the Bangladesh Garment Manufacturers' and Exporters' Association (BGMEA) leaders signalled that big opportunities are looming for Bangladeshi garment sector.
 
Briefing media after the meeting, BGMEA President Shafiul Islam Mohiuddin said planning to move away for China, world’s top-most buying houses are looking for alternate sourcing options. 
 
He said this is the right time for Bangladesh Government and apparel industry to act, and if timely measures are not initiated the opportunity may lapse.
 
AmCham President Richard R Vuylsteke said Chinese firms are adapting advanced technologies, which has raised the cost of production making sourcing from there costlier. 
 
Due to this, buying firms are looking at other sourcing options and Bangladesh, Vietnam, Cambodia, Indonesia and Laos have emerged as their preferred choices, he said.
 
Bangladesh, however, tops this preference list as a number of buyers who earlier sourced from China have already started sourcing from Bangladesh.
 
Mr. Vuylsteke said all – the government, entrepreneurs and the buyers - would have to team up to take advantage from the situation.
 
After their Bangladesh visit, AmCham representatives would also be visiting Vietnam, Indonesia, Myanmar and Cambodia, before finally deciding on the quantum of products to be sourced from each nation.
 
The visiting delegation included representatives of 20 leading buying houses like PVH Corp, Spirit Nike, H&M, Walmart, Tom Tailor, American Eagle and Amer Sports.
 
AmCham is one of the biggest American Chambers outside the United States and the biggest one in Hong Kong.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Nuno Venda
ROQ

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Suresh Patel
Sidwin Fabric

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search