Home / Knowledge / News / Apparel/Garments / Thai magnates eye local garment markets

Thai magnates eye local garment markets

12
May '08
Its one of the most apt opportunity for Thai businessmen to invest in Poland whose market, especially garment, is depicting high potential.

Poland has recently received a huge capital assistance of US $120 billion from the EU valid from 2007-13. This financial aid will largely be directed to develop the manufacturing and services sectors.

Experts have recognized this phase a transitional period for the economy of Poland and have therefore urged Thai investors to bang on right into exploring the innumerable opportunities that the market has to offer.

Poland's economy has shown a consistent growth and its GDP is expected to grow by about 5 percent this year. This can be taken as a guarantee that investment in the garment sector of the country is likely to bear fruitful outcome.

Thailand exports to Poland in 2007, reached 14.04 billion baht soaring by 78 percent than the previous year. Imports, on the other hand accounted for 2.4 billion baht of the total expenditure made by Thailand.

Presently, markets in Poland are flooded by cheap garments from China. Thailand can make an attempt to break this monopoly as Thai apparel and jeans were formerly very popular among Polish entrepreneurs.

Even now, there are about 100 Polish customers flying to Thailand for buying children apparels making annual sales reach 900 million baht. Experts believe that kid's segment can be expanded with the help of investment partners for original design manufacturing (ODM) which focuses on product design rather than production.

A four day Thailand exhibition, first ever in Poland, was held last week as part of an initiative taken by the Commerce Ministry of Thailand to capture Eastern Europe.


Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Angelina Francesca Cheang, MY ANJE

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Dejan Lalevic,

Dejan Lalevic

Mesdan SPA, a subsidiary of Italian firm Savio Macchine Tessili,...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

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

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search