Nitol Niloy Group- such a diversified firm is entering into market of Denim. Is Bangladesh that lucrative for Denims? What are the impediments that investors face therein?
Bangladesh is getting stronger in the textile sector. China, India and other traditional sources
are getting costlier mainly due to high cost of labor and local rules
supporting high salaries. Here it is still low and will continue to do so as
the population is still booming and the opportunity for employment is
still low. We feel till 2025, Bangladesh will still have
attractive labor rates. Denims export from Bangladesh is increasing fast. Only
last year there was over 30% growth which is unthinkable in today’s condition.
As the world becomes more and more dependent on Bangladesh
for its Denims requirements, Bangladesh
then will mature into the higher cost / higher quality denims. This is where we
will enter with Arvind- our Indian denim partner.
Published on: 20/06/2011
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.