Category Archives: Textiles/Ready Made Garments/Accessories/Footwear/Sports Goods

BATEXPO begins Dec 10

http://thenewnationbd.com/newsdetails.aspx?newsid=24954

BATEXPO begins Dec 10
Business Report

The most impressive event of the country’s textile manufacturing sector, BATEXPO (Bangladesh Apparel and Textile Exposition) will open in the city
on December 10. This is the largest annual export fair with participants from home and abroad gathering to show case their produce and put booking of merchandise.

Prime minister Sheikh Hasina will inaugurate the fair while BNP chief and leader of the opposition in Parliament Begum Khaleda Zia will be the chief guest at the closing ceremony of the three-day fair.

Bangladesh Garments Manufacturers and Exporters Association (BGMEA) is organizing the annual trade show.

The apex chamber body of the textile and garment sector held a meeting with event sponsors to exchange views on the fair Monday. They will hold a press briefing on December 8 to share information on the BATEXPO preparations.

BGMEA sources said there will be several seminars in the sideline of the fair with experts speaking on the market trend and production and supply situation in the light of the economic recessions in Europe and USA.

The exchange of views would further help to chart out BGMEA’s production and marketing strategy to avoid setback at a time supply orders are on decline.

BGMEA acting president Siddiqur Rahman yesterday said preparations are moving in full gear. He hoped that a large number of buyers from the US and Europe, Japan, Australia, Canada and such other important buying nations are going to attend the fair.

They have already given booking of hotels, pavilions and stalls and those interested to show case their produce and machinery have already given booking for shipment.

The fair to be held at a local hotel will see the visits of local business groups and trade analysts at the event.

Indian cos start placing orders for Bangladeshi apparels

http://www.theindependentbd.com/business/finance/82872-indian-cos-start-placing-orders-for-bangladeshi-apparels.html

Indian cos start placing orders for Bangladeshi apparels
Author / Source : BSS

DHAKA, Dec 2: Indian apparel companies and retailers are placing orders here to buy Bangladeshi garments in large volume taking advantage of the duty-free access and low prices, exporters said Friday. Many apparel companies of India’s famous brands including Arvind, Aditya Birla, Madura Garments,Provogue Zodiac Clothing, Raymonds, Vimal, Lews Philips, Van Heusen, Arrow,Lee, Levis, Wrangler and Dockers and others are intensely communicating with the Bangladeshi apparel manufacturers.

During the historic trip to Dhaka in September, Indian Prime Minister Manmohan Singh announced the duty free access of Bangladeshi apparels to Indian market in an effort to address the long-standing multi-billion-dollar trade imbalance that goes in India’s favour.

Talking to BSS, Abdus Salam Murshedy, president of the Exporters Association of Bangladesh (EAB), said his company received export orders of two lakh pieces of shirts worth two million US dollars from an Indian reputed brand “Pantaloons.”

“We have already sent the consignments to India,” said Murshedy, also former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

He said Indian top apparel brands and retailers are even ready to shift their manufacturing units to Bangladesh to route garments back to India encouraged by the Delhi’s zero tariff facilities to Dhaka.

Bangladeshi apparel entrepreneurs could give competitive price and ensure timely supply to Indian retailers, he said and favoured organising single country fair in India to give fillip to Bangladesh and Indian apparel makers. M Shafiul Islam Mohiuddin, president of BGMEA, said Bangladesh can easily penetrate the US$30b Indian apparel market. Mohiuddin, who led a business delegation of apparel exporters to India last week, said the BGMEA leaders discussed with Indian apparel associations, manufacturers, entrepreneurs and leaders of the Confederation of Indian Industry.

On providing zero tariff facilities to the Bangladeshi apparels in the Indian market he said, “Some Indian businessmen consider the tariff treatment as risky and others as opportunities.but Indian government stance on the market access is firm.”

Dhaka’s exports are valued just one-ninth of the $4.5 billion worth of goods India shipped to Bangladesh in the 2010-11 fiscal.

The garment deal is the best Dhaka secured for the sector from India since the 1990s, when similar duty-free access to the EU transformed Bangladesh’s apparel trade into a multi-billion dollar industry, say insiders.

Bangladesh is the world’s third largest garment manufacturer , exporting apparels worth 19 billion US dollars last fiscal.

The garment industry, which accounts for 80 per cent of the country’s total exports, relies heavily on orders from European and North America retailers such as Sweden’s H&M, America’s Gap and British supermarket Tesco, industry insiders say.    BSS

Trade concession boosts RMG export to India

http://www.thefinancialexpress-bd.com/more.php?news_id=158008&date=2011-12-02

Trade concession boosts RMG export to India
Nizam Ahmed

Bangladesh garment manufacturers received export orders worth over $90 million from India in nearly two months since the big neighbour granted duty-free and quota-free access for 46 Bangladeshi ready-made garment (RMG) products to its market in early September, traders said on Wednesday.

The export orders received in two months until the end of October last was a quarter of some $360 million worth of RMG products Bangladesh exported to India in the fiscal year (FY) 2011, garment exporters said.

“We are in interaction with the Indian buyers and hope we will continue to get more and more orders,” Shafiul Islam Mohiuddin, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) told the FE.

The RMG exports to India may cross the $2.0 billion mark in the next three years as per the estimation of the traders concerned following their recent tour of India aimed at reassessing business opportunities there.

Indian Prime Minister Manmohan Singh announced duty-free access for 46 garment products from Bangladesh, during his visit to Dhaka on September 6 and 7 last.

“It (garment exports to India) may be bigger, we expect to get a real scenario within the next three years,” BGMEA president Mohiuddin said.

If the trend continues, most Bangladeshi traders and officials are hopeful about Bangladesh’s trade deficit with India to come down to a tolerable level within next five years.

Currently Bangladesh imports goods worth more than $4.6 billion from India while it exports goods valued at about $600 million.

The trade gap is highly tilted towards the neighbouring country ever since the independence of Bangladesh, the officials of the ministry of commerce (MoC) in Dhaka said.

With the increase in exports of garment and some other items to India, which announced cut its sensitive list to 25 from 480, the trade gap is expected to narrow at a quicker pace, MoC officials said.

Indian Prime Minister Manmohan Singh announced the trimming of his country’s sensitive list for the least developing countries of the region at the recently held Summit of the South Asian Association for Regional Cooperation (SAARC) in Addu city of the Maldives.

Mohiuddin spoke to the FE as he was a member of a Bangladesh business team that visited New Delhi on November 24 and 25 under the aegis of the India-Bangladesh Chamber of Commerce and Industry (IBCCI).

The 46 garment products which obtained duty free access to India include pants, shirts, blouses, skirts, kids wear, cotton nightwear, jeans, swimwear and tracksuits.

Bangladesh garment manufacturers have become more competitive than their Indian counterparts over the past years though they lack an internal base of raw materials.

In some specialised items in both woven and knitwear, Bangladesh garment industry enjoys edge over Chinese apparel industry.

Bangladesh supplies its products regularly to international brands such as JC Penny, Wal-Mart, H&B, Marks and Sperncer, Carrefour, Addidas, Nike and Zara.

“It (getting orders from reputed brands) is possible because of our expertise attained through hard work over the past decades and if no untoward situation occurs Bangladesh garments will have more inroads in world export market,” Mohiuddin said.

However frequent enhancement of petroleum price, and gas and electricity tariff is a major concern which the members of the BGMEA are needed to address, some garment manufacturers said.

“Despite all this problems including some local and external conspiracies the Bangladeshi garments will continue to maintain its edge,” Mohiuddin added without giving details.

The total annual exports of Bangladeshi garments including woven and knitwear rose by 43.35 per cent to nearly $18 billion in the FY 2011. The export target for garments has been set at $20.29 billion for the FY 2012.

New RMG markets under exploration

http://www.theindependentbd.com/business/others/82359-new-rmg-markets-under-exploration.html

New RMG markets under exploration
Author / Source : STAFF REPORTER

DHAKA, NOV 29: Apparel makers have started diversifying their markets in view of alarming recession in Europe and America.

“We’re firm to fight off the looming crisis eventually,” Md Shafiul Islam Mohiuddin, president of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) said on Tuesday while speaking to members of the Overseas Correspondents Association of Bangladesh (OCAB), a group of stringers of overseas media. The news briefing was attended by Md Siddiqur Rahman and SM Mannan Kochi — vice presidents — and all BGMEA directors.

The apparel sector trade body chief said Bangladeshi readymade garment (RMG) entrepreneurs are resilient and have overcome all obstacles, thanks to the positive taken by the government.

“We’re determined to surpass even the last year’s earnings of $18 billion,“ Mohiuddin said, adding that the target is achievable, given the present hectic moves by the BGMEA in exploring new markets. BGMEA has found huge markets in India and Latin American countries.

The BGMEA chief, who has just returned from a trip to India, said the neighbouring country holds out great promise for Bangladeshi garments. He said all the Indian stakeholders, including the central textiles ministry officials, have assured the BGMEA of all-out cooperation in facilitating duty- and quota-free access of 46 apparel items from Bangladesh to the huge Indian market.

Mohiuddin further said his organisation will organise  four big exhibitions in four major cities of India soon.

He also pointed out that Latin America too has a very big market for Bangladeshi garments. “Initiatives are being made to explore it,” he added.

The BGMEA president announced the holding of the 22nd three-day BATEXPO in Dhaka from December 10 which both Prime Minister Sheikh Hasina and opposition leader Khaleda Zia will attend.

Last year, the BATEXPO found spot orders to the tune of $65 million.    There will be 142 stalls in this year’s exhibition while 25 have been allotted as foreign stalls. Arrangements have been made by the BGMEA at the Hazrat Shahjalal Airport to receive foreign participants in the 22nd BATEXPO. Shafiul Islam Mohiuddin said the recession in Europe and America has its severe effects on Bangladesh. “Orders have been squeezed with prices being offered are cut. Against this, we have to move forward with the help of all.”

He said that he is happy over the progress being made in the field of electricity as the present government has added 2,000 megawatts to the national grid. “But I am worried over the gas situation,” he said. Moreover, infrastructures have to be improved for quick movement of garments up to the port, he suggested.

“The thrust of this year’s BATEXPO will be on Branding Bangladesh,” he said, laying emphasis on projection of Bangladesh potentials.

“We’re not involved in exploring our markets alone; we care for our workers who toil day and night for what we achieved and what we aim to attain. They’re our heroes”, the BGMEA president said.  The BGMEA has set up 12 clinics in Dhaka, Narayanganj and Chittagong to ensure RMG workers’ healthcare. Each of the BGMEA member-factories has its own doctors to address the health needs.

Two full-fledged hospitals in Chittagong and Dhaka will provide round the clock healthcare facilities to RMG workers.

British co to invest $ 13.5m in DEPZ

http://thenewnationbd.com/newsdetails.aspx?newsid=24193

British co to invest $ 13.5m in DEPZ
Business Report

M/s. Hop Yick (Bangladesh) Ltd, a British Virgin Island company will set up a garments manufacturing industry in the Dhaka Export Processing Zone (DEPZ).

This fully foreign owned company will invest about 13.5m US Dollar in setting up their unit and will manufacture all kinds of garments item. The company will also create employment opportunity for 4685 Bangladeshi nationals.

An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and M/s. Hop Yick (Bangladesh) Ltd in BEPZA Complex in the capital recently. AZM Azizur Rahman, General Manager (Investment Promotion) of BEPZA and Md. Waliul Islam Towhid, General Manager of M/s. Hop Yick (Bangladesh) Ltd signed the agreement. Major General ATM Shahidul Islam, ndu, psc, Executive Chairman, Sayed Nurullslam, Member, (Investment Promotion), Md. Shawkat Nabi, Secretary, Mahmud Hasan, General Manager (Public Relations) and other Officials of BEPZA were present at the signing ceremony.

‘RMG exports to India on a roll’

http://thenewnationbd.com/newsdetails.aspx?newsid=23963

‘RMG exports to India on a roll’
bdnews24.com

Readymade garment exports to India have seen a marked growth ever since Delhi allowed duty- and quota-free access to 46 apparel products to its market, says the foreign minister. “Bangladeshi exporters received $90 million worth of readymade garment orders in October only,” said Dipu Moni at a press briefing on Thursday.

Bangladesh exported RMG products worth $359 million to the next-door neighbour last fiscal year. Bangladesh was awarded duty-free access for 10 million pieces of RMG products to the Indian market. However, over and above the 46 categories of RMG products allowed duty-free access during Indian prime minister Manmohan Singh’s recent Bangladesh visit, last week India granted duty-free access to all products except 25 tobacco and liquor items.

Former president of BGMEA [Bangladesh Readymade Garment Manufacturers and Exporters Association] Salam Murshedy termed the sharp increase ‘obvious’.

“We can offer better products at competitive prices within shorter delivery time,” he told bdnews24.com. “Within 3 to 5 years, the export may reach $2billion mark,” he said.

Mentioning that buyers from the US and European countries know about production pattern and manufacturers in Bangladesh, Murshedy said local businessmen should exhibit their competitiveness in the Indian market.

“Both buyers and sellers must understand the business dynamics and it takes some time,” he said adding, “The US and European buyers are quite familiar with our work.”

BGMEA, BKMEA and BTMA, along with the government, should take initiative to arrange a single-country trade fair in Mumbai, Delhi and other cities so that Indian buyers know Bangladeshi products, he suggested.

“We don’t need to increase our production capacity to export to India,” he said. A leading RMG exporter himself, Murshedy said so far they are not facing non-tariff barriers. “We can have glitches like non-tariff barriers in international trade, but if both the governments are sincere in developing trade ties, it can be resolved amicably,” he pointed out.

Bangladesh has a huge trade gap with India. During the last fiscal year, India exported goods worth over $4.5 billion while Bangladesh exported only $512 million worth of products.

Apparel makers see huge market in Russia after its inclusion in WTO

http://newagebd.com/newspaper1/business/40879.html

Apparel makers see huge market in Russia after its inclusion in WTO

Hosain Ahmad

Apparel makers of the country see a good prospect of boosting their exports to Russia as it is set to join the World Trade Organisation in December.

They said once Russia joined the WTO, Bangladesh, as a least developed country and a member of the WTO, could step up its negotiations with the country for duty-free access for Bangladesh’s apparel items.

Bangladesh, as an LDC, enjoys duty- and quota-free access of jute, tea, frozen foods, and pharmaceutical products under the framework of Council of Euro-Asian Economic Community to its member countries including to Russia, Belarus and Kazakhstan.

But, the country is yet to get duty- and quota-free access of its major export item, readymade garment, to Russia, resulting in high cost of exporting RMG products from Bangladesh to Russian market, which is dominated by Chinese and Turkish products.

The country has a prospect of exporting knitwear products worth $2,500 million a year to Russia, said Bangladesh Knitwear Manufacturers’ and Exporters’ Association second vice president Hatem Ali.

Hatem said, ‘Russia’s inclusion in the WTO would create a favourable situation for our initiative to negotiate for duty-free access of Bangladeshi products to the Russian market.’

The BKMEA vice president said Bangladeshi apparel exporters had to pay 20 per cent import duty and an extra charge of one Euro for every three and a half kilogram of products with value-added tax for exporting apparels to Russia.

‘Sometimes, even the cost of exporting a certain amount of products becomes same as its production cost. For instance, if any one wants to export knitwear items having a production cost of $1 million, he has to pay another $1 million in duty and other charges,’ Hatem said.

The process of Russia’s inclusion in the WTO cleared a major hurdle on November 10 when the WTO Working Party on Russia’s inclusion spelled out the terms of Russia’s entry to the organisation. The WTO Working Party’s recommendation will be sent to the ministerial conference in Geneva on December 15-17 and the conference is expected to approve it and accept Russia as a WTO member.

Bangladesh Garments Manufacturers’ and Exporters’ Association president Shafiul Islam Mohiuddin said Bangladeshi apparel exporters could access the huge Russian market directly after Russia became a WTO member, given that the tariff rate was reduced.

Shafiul said the banking channel between Russia and Bangladesh was yet to develop a lot to facilitate bilateral trade, although it had developed to some extent in recent times.

The BGMEA president said woven garment manufacturers could export products worth around $3 billion to the Russian market.

He emphasised government initiative to get duty-free access to the Russian market through the WTO and build a good bilateral relation for developing the banking channel with Russia.

Noor Sewing and Dyeing Ltd managing director Monsoor Ahmed told New Age that the business leaders of Russian Federation were interested to do business with their Bangladeshi counterparts.

Commerce ministry WTO Cell director general Amitava Chakravarty said Bangladesh would get the advantages from the Russian market like all LDCs received from the developed countries under the general rules of WTO.

In the last fiscal year, Bangladesh exported to Russian Federation products worth $97 million including knitwear products worth $42 million, jute and jute goods worth $18 million, woven products worth $9 million, and frozen fish worth $9 million.