Home / Knowledge / News / Apparel/Garments / Bangladesh apparel sector benefits from China slowdown
Bangladesh apparel sector benefits from China slowdown
17
Dec '13
Bangladesh has slowly emerged as the world’s second largest exporter of ready-made clothes and has been able to slowly close the gap with China, the once ‘leading dragon’ of the global economy.

According to the reports, Bangladesh’s garment industry is expected to scale new heights and reach USD 30 billion by 2015. The country boasts of approximately 5,000 garment factories which sell their clothes to western brands like H&M, Gap, Marks and Spencer.

With China losing its ‘low cost’ advantage, countries like Bangladesh with its cheap labor and low production costs have risen to take over the mantle. Emerging as the top apparel sourcing destination, Bangladesh has begun to build the required infrastructure to absorb large-scale orders from the western countries.

With retailers heavily dependent on China, European brands like Hennes & Mauritz, Zara parent Inditex SA, and Primark don’t want to move more production there. These brands are looking towards Bangladesh as a country that holds the key to the future of the global apparel sourcing industry.

Bangladesh has also signed key trade agreements with European countries and has a young work-force on its side which could further increase country’s overseas sales and exports in the coming years.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Anvita Mehra
Confidential Couture

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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