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

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Urmil Arya

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Lynda Kelly
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

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

Rupa Sood and Sharan Apparao
Nayaab

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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