IMPRESSIONS from a Cross-section

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.