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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Claudia Kersten
Global Organic Textile Standard

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

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...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
June 2017

June 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