Sign in | Join free

China wants to invest in bangladesh apparel industry

China wants to invest in bangladesh apparel industry Source:
Date: 14-05-2013
Visits: 371
Very Poor

Chinese apparel sector entrepreneurs yesterday expressed interest to invest in Bangladesh as they found many factories here adequately compliant.
They expressed the interest at a time when the industry is facing criticisms from developed countries like the European Union, USA and Canada following the tragic incidents of Tazrin Fashion and Rana Plaza.
A 21-member delegation of China National Garment Association (CNGA) visited nine factories in Bangladesh in last two days as they shared their findings at a press conference at Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday.
"We visited 9 factories and all the companies seemed highly compliance and working environment for workers are very good,”
CNGA Vice President Feng Dehu told the press conference.
BGMEA President Atiqul Islam, former president M Shafiul Islam Mohiuddin and vice president Shahidullah Ajim were present.
BGMEA has signed a memorandum of understanding (MoU) with the CNGA in the perspectives of traded information exchange and strengthening fashion designing of readymade garments industries in Bangladesh.
The delegation members said China last year exported apparel items worth US$116bn across the world and their domestic market is around $310bn.
From Bangladesh, China imported $100m worth of clothing items in last 9 months and their target is to reach $1bn next year.
Though European countries are giving negative reaction on Bangladesh RMG market due to recent deadly collapse of Rana Plaza, they said China wants to support Bangladesh and they found very good compliance factory where they have visited.
The BGMEA leaders said China is a big market for Bangladesh and have a chance to tap the $310bn market. It would help increase the country's export volume.
Bangladesh is gradually emerging as a lucrative destination of apparel outsourcing for foreign buyers, especially for China, which is switching to high-tech industrialization due to high manufacturing cost there, they added.
like 234 Unlike 26
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32366 Users
have already joined Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Enter the code
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
Members Login
Already registered
Forgot your password
golden fees
Enter your e-mail address
Choose your room