Home / Knowledge / News / Textiles / Anti-dumping charges drives out enterprises from China & Vietnam
Anti-dumping charges drives out enterprises from China & Vietnam
12
Sep '08
Anti-dumping allegation against China and Vietnam, by EU and the US, the two largest markets in the world, is forcing a large number of Taiwanese enterprises to shift their bases to Bangladesh instead.

It has been reported that Hun Hsin Textile Co, Ltd, a Taiwan enterprise has already made plans to invest US $7.25 million for setting up a textile yarn manufacturing industry at the Comilla Export Processing Zone (EPZ).

The 100 percent foreign owned company will undertake production of textile yarn products and will create employment opportunities for about 1,237 Bangladeshi and 11 foreign nationals.

Another enterprise, Taiwan Trendex Industries Co, Ltd will spend $400 million for establishing two furniture factories in Bangladesh and is expected to generate employment opportunities for some 10,000 natives.

This increasing trend of shifting base from China and Vietnam is proving extremely beneficial to Bangladesh which provides investors with an added advantage of cheap labor and lower cost of production.

Experts believe that that so long as the case of anti-dumping is upheld, China and Vietnam are likely to lose whooping number of their investors to other cost competitive countries like Cambodia and Bangladesh.

Fibre2fashion News Desk - China


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Giorgio Mantovani
Corman S.p.A

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search