Home / Knowledge / News / Apparel/Garments / 'Make value-added apparels' - Korean envoy to Bangladesh
'Make value-added apparels' - Korean envoy to Bangladesh
06
Sep '14
To get more orders from global markets, Bangladeshi apparel exporters should concentrate on manufacturing more value added products, South Korean envoy to Bangladesh said.

Bangladeshi textile and apparel industry should move beyond only cutting and stitching and add more value-added products, Ambassador Lee Yun-Young said, while at the inauguration of the Textech trade fair.

He added that it’s time for the Bangladeshi garment exporting industry to move to a new phase and South Korean companies would be ready to support the upgrades.

CEMS-Global USA has organized the four-day 15th Textech Bangladesh 2014 International Expo at Bangabandhu International Conference Centre in Dhaka.

Korean company Daewoo inked a joint venture with Desh Garments in Bangladesh in the late 1970s to export garments for the first time from Bangladesh, the envoy informed.

Korean companies have contributed much to the economic development of Bangladesh since its independence, he said.

He also urged the Bangladesh government to improve business environment in order to attract more foreign investment in to the country.

South Korean companies till date have invested around $600 million in Bangladesh, while over the last five years, Bangladeshi clothing exports to Korea have averagely risen by 69 percent annually, he informed.

Also speaking was Mohammad Hatem, first Vice-President of BKMEA. He also urged foreign investors to invest more in the Bangladesh garment sector.

He said foreign firms can invest in the backward linkages of the clothing industry, since Bangladeshi laws do not permit FDI in cutting and stitching segment.

Atiqul Islam, President of BGMEA was of the opinion that ready-made garment producers will be able to get updated on modern technologies showcased at the fair.

The Bangladesh Industry Minister - Amir Hossain Amu said the Expo will widen scope for foreign firms to enter into partnerships with the Bangladeshi businesses.

In its last fiscal year, Bangladesh earned $24.49 billion from apparel exports alone out of total exports of $30.17 billion. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urmil Arya

Sushila International, a well established textile organisation established ...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Urs Stalder
Sanitized AG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Jay Ramrakhiani
Occasions Elegance Wear

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search