Bangladeshi readymade garment (RMG) producers are viewing Chinese sourcing interest as a huge opportunity to tap the unexploited market with 1.3 billion customers. Of late, Chinese apparel exporters are evincing interest in sourcing apparel from Bangladesh, as the cost of production has gone up in the world’s second largest economy. A high-powered Chinese delegation, headed by China National Garment Association (CNGA) vice-president FengDehu have visited a number of RMG units in Bangladesh as a part of their market exploration study.
Meanwhile, looking at importing low cost but high quality apparels from Bangladesh, some Chinese conglomerates have already started offices in Dhaka. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President M Shafiul Islam Mohiuddin said with a rise in per capita income and standard of living in China, the demand for clothing is also rising in that country.
This presents Bangladesh with a great opportunity to meet the Chinese clothing demand, as the country each year exports US$ 143 billion worth of apparels, which is a big chunk of the global clothing exports of US$ 400 billion. Furthermore, .Mr. Mohiuddin said Chinese apparel producers are now looking at strategically shifting their production to other locations and the delegation eyes a potential of doing business in Bangladesh.
SUNTECH, is one of the leading designers & manufacturers on textile machines for weaving and finishing units, especially for Fabric Make-Up Machines and Material Storage & Handing Equipments .
