Home / Knowledge / News / Apparel/Garments / Clothing sector rescue's Japanese economy
Clothing sector rescue's Japanese economy
15
Apr '10
Due to decreasing labour costs, Bangladesh's overseas sale of clothing, to highly developed industrialised countries is thriving. Increasing number of economically-priced clothing sold in Japan is made in Bangladesh, adding to deflation in Japan's economy.

A customer bought six items for her family from H&M's Shinjuku outlet in Tokyo for a mere sum of 6,158 yen. She paid only one-third the price of a department store. Of the six outfits this customer bought, she noted that a cardigan and blouse she bought was made in Bangladesh.

By streamlining its sales and manufacturing processes in a number of factories in Asia, with lower salaried employees, H&M can both produce clothes and also sell them at dirt cheap prices.

In Shanghai, where there is continuous increase in salaries, the monthly wage for factory workers in Dhaka, including allowances and overtime is approximately 8,950 yen, which is one-fourth of Shanghai's salary.

Since 2000, clothing companies such as H&M, Zara from Spain and GAP from USA are taking advantage of the availability of low-wage labourers by shifting their manufacturing units to Bangladesh. Japanese retail giant, Ito-Yokado, began production only last year.

Bangladesh, one of the poorest countries in the world, with cheap labour force, to emerge as a benefactor and as a prop-up to Japan's falling economy. The country witnessed a jump in its overseas sales of garments from $640 million in 1990 to $10.92 million in 2008, positioning it at third place, behind China and Turkey.

Fibre2Fashion News Desk - India


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Suresh Patel
Sidwin Fabric

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search