Home / Knowledge / News / Apparel/Garments / Apex garment body welcomes port transit facility
Apex garment body welcomes port transit facility
06
Feb '10
Bangladesh Garments Manufacturers and Exporters Association (BGMEA) leaders said that the transit facility to the neighbourhood countries would steer new possibilities for the nation's economic development and this may be looked upon as a landmark for nation's economy.

While answering to a query at the press conference on CAFAXPO-2010, Nasiruddin Chowdhury, First Vice President of BGMEA stated that, the nation's economy is heading towards attaining a new height of progress via utmost exploitation of the nation's harbors that have remained fallow over a long period of time.

The transit should be awarded an economic rather than a political viewpoint, and that in this era of global linkage no one can do away with such a pact between concerned countries, he added.

Restating the BGMEA's acceptance note to the government's courageous and pro-economic pact with India in the course of Prime Minister's Sheikh Hasina's recent visit to New Delhi, he stated that, in this age of rapid globalization there is no room for confinement.

At present the priority is to enhance the capacity of the Chittagong port amid other infrastructures, so as to enable the country to gain utmost advantage out of the transit facilities that it extends to its neighbouring countries, he said while answering another query.

He negated chances of any undesirable influence on the country's garment sector post induction of the transit facility to India.

Chowdhury said that the country's Readymade Garments (RMG) sector after experiencing the worst global downturn in the previous year, which resulted in negative export growth, has started recovering by the last year end. The sector witnessed a positive growth of 15 percent in October last year while the figures for last November and December revealed a negative growth of 6 percent.

USA and European countries are extending large export orders to us and also new market opportunities are opening up in Japan, he informed and also added by saying that now maintaining this order flow is the primary concern for the sector which is facing a gigantic price crash that has led to cut throat competition in the industry.

He also stated that they have been trying their best to boost the nation's share from the current four percent share in the international apparel and garments market which has a global turnover of 220 billion US dollars. This is being done by means of quality improvement, product diversification, image enhancement and significantly contributing towards social fields.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Suresh Patel
Sidwin Fabric

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

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

Silvia Venturini Fendi
Fendi s.r.l

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
March 2017

March 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