Home / Knowledge / News / Apparel/Garments / Global retailers open sourcing offices in Bangladesh
Global retailers open sourcing offices in Bangladesh
31
Jan '11
The rising number of the global garment buyers establishing their offices in Dhaka is depictive of the fact that they are now diverting their focus from other competing countries to Bangladesh, as the cost of outsourcing in those countries have risen too high.

In recent times, most of the global garment brands have either set up their liaison offices in Dhaka or are persuading their regional partners to do so, as this would facilitate them to procure garment products at a lower rate as compared to those from the other competing countries.

Bangladesh, which is preferred as a source of economical garment products, exported $10.26 billion worth of garment products in the first half of the current financial year, as over the corresponding period last year.

While knitwear, the country's key foreign exchange earner, registering a year on year rise of 43.39 percent contributed $4.31 billion to overall garment exports, and woven garment items too grew by 40.79 percent and contributed $3.63 billion to the export value during the period under consideration as over the corresponding period last year.

The ready-made garment (RMG) items too registered a growth of 41 percent in exports. The western buyers, functional in Bangladesh, have raised the quantum of orders that they placed with the domestic producers in Bangladesh after reviving from the global economic slump.

Bangladesh's garment producers are quite optimistic about attaining the $30 billion export target over the next three years. This is also because China, the world's largest exporter of garments, is confronted with issues like dearth of skilled manpower and high production cost, and has thus started laying more focus on industries other than the garment industry.

The market for Bangladeshi apparel items, so far has remained positive. But then, insufficient supply of gas and energy to the industrial sector is a major concern for the country. Furthermore, such impediments delay the supply schedules of the factories and even impacts the international buyers as they too cannot make timely deliveries, at times.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Marcel Alberts
Eurofibers

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

Mark Paterson
Technical Absorbents Ltd

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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