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Bangladesh apparels witness hype in global markets
26
Dec '09
In the previous year, apparel industry in Bangladesh witnessed a 17% increase in apparel sales with a 6.5% growth projected in the current year. Knitted apparels accounts for one fourth of their exports and is the main growth driver of the country.

People in the Western countries have stopping buying luxury goods, and are switching to low-priced items. Retail giants who were once sourcing from Chinese manufacturers are now looking at Bangladesh as a better option.

Many small orders from China are being diverted to Bangladesh. Apparels such as T-shirts, sweater, shirts, and denim pants have become a top choice of sourcing.

With an increased investment in the apparel sector and enhanced capacity in backward linkages such as dyeing, yarn manufacturing, and washing, the country would continue to dominate the global arena as the second largest apparel maker.

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Fibre2fashion News Desk - India

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