Garment, knitwear makers bag $75m export orders from US
DHAKA, Oct 4 (BSS) – Bangladeshi Garments and knitwear manufacturers have bagged export orders worth US$75 million from the Magic Sourcing Show- 2011 held recently in the United States (US).
According to a statement issued by the Export Promotion Bureau (EPB), Bangladeshi exhibitors drew great attention from the visitors during the event resulting in big success in the export promotion initiative.
The export order is US$18 million more than last year’s.
The four-day ‘Men’s Apparel Guild in California (MAGIC) show ended in Las Vegas, Nevada, August 24, 2011.
Under the auspices of the Export Promotion Bureau (EPB),a total of 21 garment manufacturers and the state-run EPB participated in the trade show, the largest in North America.
A delegation from Bangladesh, led by Chairman of the Parliamentary Standing Committee on the Ministry of Commerce ABM Abul Qasem, attended the MAGIC showcase. They visited Bangladeshi stalls and exchanged views with the exhibitors.
MAGIC is the largest trade show in the North America, which organizes two shows annually — one in February and the other in August.
The Magic Show is positioned as one of the most comprehensive trade events for giving an insight into the apparel industry. The MAGIC Show is a good place for businessmen to understand new trends in business and develop innovation matching fashion trend.
The event provides opportunity to establish links with the chain stores in the international arena. It proves to be a connecting link for more than 700 manufacturers, fabric and trim suppliers, print and design studios, service providers in more than 40 countries.
Of the total garments export from Bangladesh, 56 per cent go to European countries, 25 per cent to the USA, five per cent to Canada and the rest to the other countries on the globe, says Bangladesh Garments Manufacturers and Exporters Association (BGMEA).