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 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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