Home / Knowledge / News / Apparel/Garments / Chinese apparel firms to invest in Bangladesh
Chinese apparel firms to invest in Bangladesh
17
May '13
On their recent visit to Bangladesh, Chinese apparel firm owners have expressed their interest to invest in Bangladesh’s apparel manufacturing companies, Feng Dehu, Vice President of China National Garment Association (CNGA), said at  a meeting with the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
 
During the three-day visit, Representatives of CGNA and BGMEA signed a memorandum of understanding (MoU) to increase mutual trade between the two countries by exchanging information, knowledge and technologies related to the apparel sector.
 
According to the agreement, both the associations would organize fairs in each other’s countries, in addition to visit of trade delegations.
 
The 21-member Chinese delegation visited nine factories located in the Dhaka region and found them to be adequately compliant for undertaking clothing manufacturing activities.
 
The CNGA members appreciated the quality of the Bangladesh-made apparels and said they plan to export the apparels to China.
 
Mr. Dehu said the visit was aimed at building a relationship between the manufacturers and retailers of the two countries. Since there is high cost of manufacturing in China, the Government of China is encouraging its entrepreneurs to engage in businesses outside the country, he added.
 
CNGA representatives said they look forward to import US$ 1 billion worth of clothing items from Bangladesh by 2014.
 
The BGMEA leaders present at the meeting said China is a big market for Bangladesh and the MoU will boost Bangladesh’s export volume. They added that the signing of the MoU is significant for Bangladesh’s apparel sector, especially in the context of the recent accidents at various garment manufacturing units.
 
They added that the MoU provides Bangladesh with an opporutnity to be associated with China’s US$ 310 billion apparel market.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Johan Berlin
InvestKonsult Sweden AB

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

Eric Scholler
Groz-Beckert

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
May 2017

May 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