Home / Knowledge / News / Apparel/Garments / South Korea depicts interest to invest in RMG sector
South Korea depicts interest to invest in RMG sector
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

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search