Home / Knowledge / News / Apparel/Garments / Shifting of apparel orders is a challenge: BGMEA
Shifting of apparel orders is a challenge: BGMEA
08
Oct '13
The shifting of orders for apparel from Bangladesh to other countries is a challenge for the country’s garment sector, Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said at a press conference related to the 24th Bangladesh Apparel and Textile Exposition (BATEXPO), which begins on October 10, 2013.
 
Bangladesh’s garment exports grew by 22 percent year-on-year in July, but the growth rate came down to 5.5 percent year-on-year in August, as new orders shifted to other countries, including India.
 
Mr. Islam said the depreciation of the Indian currency in recent months coupled with appreciation of the Bangladeshi taka has made Indian garments attractive, resulting in buyers moving towards India.
 
He added that the rupee depreciation has given big advantage to India.
 
Talking about BATEXPO 2013, Mr. Islam said they are expecting better feedback from buyers at this year’s edition compared to the previous occasions.
 
He said 55 buyers, including 23 new, have already confirmed their participation in the three-day expo.
 
Three Business seminars encompassing current global market issues and colourful fashion shows displaying the latest fashion trend would also be held on the sidelines of the expo.
 
The last edition of BATEXPO, organized by the BGMEA, received spot export orders worth US$ 61.67 million, including ready stock apparels.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sanjay Yagnik
Maa Tex Speciality

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

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ritu Kumar
Label Ritu Kumar

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak
Bombay Hemp Company

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

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