Home / Knowledge / News / Apparel/Garments / Low production cost benefits Bangladesh RMG sector
Low production cost benefits Bangladesh RMG sector
05
Feb '13
Low production cost, tax incentives from developed countries and rising expenses in competing countries such as India and China are benefitting the Bangladesh readymade (RMG) sector, said Bangladesh Commerce Minister Ghulam Muhammed Quader. 
 
Rising production cost in neighboring countries like India and China is attracting more apparel buyers to Bangladesh, he said in an interview during his visit to India to attend the Confederation of Indian Industry (CII) Summit at Agra, SME Times reported.
 
The Minister informed that the monthly wage of workers in India is Rs. 7000 per person, whereas in Bangladesh, the wage is just around Rs. 2,500.
 
While apparel exports from India attract 9.6 percent export duty, Bangladesh enjoys the advantage of tax incentives since the country is categorized as Least Developed Country (LDC) and this helps the country to develop its clothing sector, he added.  
 
According to him, several Chinese companies have shifted their production units to Bangladesh in order to take benefit of lower labor cost.
 
Bangladesh apparel sector accounts for more than 80 percent of the country’s exports. 
 

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

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Claudia Kersten
Global Organic Textile Standard

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

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Mala Alwani

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

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Eric Scholler
Groz-Beckert

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

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

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

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

Ritu Kumar
Label Ritu Kumar

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

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