• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Wal-Mart CEO suggests setting up Apparel Park

10 Feb '10
1 min read

Douglas McMillon, President and CEO of Wal-Mart International, the world's leading retail chain, during a meeting with the leaders of the readymade garment industry has recommended for establishing a comprehensive industrial zone for the apparel sector in Bangladesh for buyer's convenience and to draw more foreign investment.

Mr Douglas stated that for them Bangladesh is a significant source of apparels and that they look forward to acquire more products from there. Accordingly, he recommended establishment of a comprehensive industrial zone having adequate gas and power supply for the sector.

The garment sector has also urged the Wal-Mart CEO to steer efforts to devise a cohesive code of conduct for purchasers of clothing from Bangladesh, as factories confront problems on account of the buyer- specific conditions.

The US is the leading importer of Bangladeshi garments, of which sourcing by Wal-Mart accounts for 30 percent of US imports, which adds up to nearly a billion dollars each year. Wal-Mart has a turnover of over US $400 billion per annum.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search