Bangladesh explores apparel market of India
A 12-member delegation from Bangladesh met officials of India＊s Apparel Export Promotion Council (AEPC) to explore the possibility of entering Indian apparel market.
Egytex News Desk
Source: Journal for Asia on Textile & Apparel
The delegation included two members of Parliament and senior representatives of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and the Bangladesh Textile Mills Association (BTMA).
Siddiqur Rahman, vice-president (finance) of the BGMEA, said Bangladeshi manufacturers are keen to have a 10% share of India's growing domestic apparel market. This will increase Bangladesh's US$10.9 billion annual apparel exports by another US$2 billion. Quoting a survey by US-based retailer Wal-Mart, he said that an average middle-class Indian spends about Rs 2,500 a year on apparel.
Delegates from Bangladesh also showed interest in India's single count yarns, while they believed India needs Bangladeshi support to meet demands in the booming Indian apparel sector. India has a raw material supply and good design capabilities, and Bangladesh has the advantage of cheap labor and is strong in knitwear production, the delegates explained.
Source: Journal for Asia on Textile & Apparel
From the Egytex news archive, first published on 21 March 2010. Figures and names are as reported at the time.
