Home / Knowledge / News / Apparel/Garments / South Korea depicts interest to invest in RMG sector
South Korea depicts interest to invest in RMG sector
07
May '10
South Korea shows interest in investing in various sectors such as RMG, shipbuilding, information technology and service in Bangladesh.

Taiyoung Cho, who recently took over as South Korea's Ambassador for Dhaka, met the Industries Minister, Dilip Barua and spoke to him regarding the interest of industrialists from South Korea.

Cho stated that, in pursuance of their Knowledge Sharing programme, South Korea will impart training in latest technology and technical know-how. This would also accelerate knowledge-centric industrialization in Bangladesh.

Other topics of discussion included, technology transfer, investment in the special economic zones and modes to intensify mutual dealings.

Barua welcomed Korea's proposal for the Knowledge Sharing Programme, and continued by saying that, this would aid Bangladesh to expedite its progress and thereby transform itself into a middle-income country by 2021.

According to Barua, Bangladesh is an ideal destination for South Korea for investments. More so, the Bangladeshi government, with a view to bring in more domestic and foreign investors is establishing special economic zones.

He did advise the investors from South Korea to take advantage of the facilities extended by the Bangladeshi government, besides utilizing the labour force available there at comparatively low rates.

The South Korean envoy revealed to the Minister that till date, investors from Korea have already established over 150 industries in Bangladesh's textile sector, employing over 100,000 persons.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Binoy Ravjani
Hero's Fashion

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

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search