Home / Knowledge / News / Apparel/Garments / Bangladeshi RMG suppliers attract Japanese buyers
Bangladeshi RMG suppliers attract Japanese buyers
06
Nov '09
Bangladesh has the capability to reach about US $1 billion in exports of apparels, was the firm opinion of a Japanese industrialist who is visiting the country to survey the investment potential to set up laboratories for testing quality and other parameters.

Hiroshi Okada, President of Japan Textile Products Quality and Technology Centre (QTEC), said that there is a strong presence of apparel buyers from Japan and that QTEC would begin operations by February next year.

He said that Japanese buyers were very particular with regards to quality and they wanted each piece to be tested rather than testing samples which is the internationally recognised practice elsewhere.

The Industries Minister, Mr Dilip Barua also met the 23 member visiting delegation from Japan and invited them to invest in sectors such as textiles, leather goods, food processing and real estate and promised to provide all facilities to the Japanese companies.

He said that, “We will try our best to ensure security for the foreign investors and their capital in Bangladesh as his country might be the best location for future production due to low-cost and available labor force of the country.

He added by saying that the government would announce a new industrial policy to attract local and foreign investors in investing their capital and creating a more industry-friendly atmosphere in the country.

The Government of Japan had advised their companies to reduce dependence on the Chinese suppliers and diversify their markets as a result of which there were nearly 60 major buyers at the just concluded 5th Knitexpo in Dhaka.

BKMEA President Fazlul Hoque informed that the largest Japanese retail chain Uniqlo invested $70 million in Bangladesh and are purchasing apparel items in large huge volumes along with which leading Japanese socks maker Okamoto is also setting up a modern factory.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search