Saturday, June 20, 2015

Buyers Coming Back in Garments Sector

The textile and garment business in the big Depression at the beginning by this year, where foreign buyers, they do not place orders in Bangladesh because of the strike and the ongoing political turmoil and the sector was in a crisis Most currently. But lately, buyers are back with more orders because of political stability after the elections Dhaka and Chittagong City Corporation and is a good sign for the sector.

http://textileanalysis.blogspot.com/2015/06/buyers-coming-back-in-garments-sector.html



Benefit from these additional commands are not available in this fiscal year 2015-16 as an order will be delivered over the next year. According to information of the Export Promotion chest (EPB) in the 2014-15 financial year was an export target of about clothes $ 27 billion, which was 81 percentage of national exports. But the total of $ 22930000000 was exported before April, less than the targeted export.

Export growth was achieved 3 percent to 10 percent target Since the clothing sector has not reached the target, which has left a negative impact on national exports. He said the former vice president of the BGMEA NASIR UDDIN Chowdhury, it is difficult to achieve an export growth of 10 percent this year due to political instability and extraneous buyers to find alternatives as India and Viet Nam instead of Bangladesh. Just the fine news follows that they have started to return to Bangladesh.

And the owners clothes are more concerned with the Americans for buyers, they are more susceptible to apply in Bangladesh due to political fierceness. One of the main buyers from Europe, H & M and expand their operations more quickly in America, and they opened a new showroom and retail store almost every month. They equaled confused to put the system in Bangladesh because if they do not receive timely shipment, and market policy could be hampered. But recently, they frequently apply now calm political environment.

Reported by- 
Southeast University (SEU)
Department of Textile enegineering

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