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

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Mala Alwani

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search