Apparel exporters to visit India to explore market

http://newagebd.com/newspaper1/business/38485.html

Apparel exporters to visit India to explore market
Bangladesh Sangbad Sangstha . Dhaka

A 10-member delegation comprising top leaders of apparel trade bodies will visit India in the third week of November to hasten the process of contacts with apparel retailers and brief them a positive scenario about Bangladesh’s apparel industry.

‘We’ve planned to visit India in the third week of November to discuss with the owners of India’s big apparel chain-shops and top textile manufacturers,’ said Abdul Matlub Ahmed, president of India-Bangladesh Chamber of Commerce and Industry.

The IBCCI will lead the delegation consisting top leaders of the Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Knitwear Manufacturers and Exporters Association, said the IBCCI president.

‘Details about the visit will be finalised soon,’ he told the news agency.

During the visit, Bangladesh apparel manufacturers will have an opportunity to talk to big textile manufactures willing to go for joint ventures in Bangladesh, said Matlub Ahmed.

It would be the first visit to India by apparel exporters after India offered duty and quota-free market access to 46 Bangladesh textile products during Indian prime minister Manmohan Singh’s Dhaka visit in September.

Duty and quota free market access has given Bangladesh a wider scope to consolidate its position in India’s $30 billion clothes market, said Fazlul Haq, former president of the BKMEA.

‘After the visit, we will consider organising apparel fairs in India in December for market promotion,’ said Haq, now president of the Bangladesh Employers’ Federation.

He said the apparel trade bodies had a plan to organise single country apparel fair in all big cities such as Delhi, Mumbai, Madras and Bangalore to give Indian retailers a clear idea about Bangladesh garment products and its quality.

‘The upcoming visit is being considered as a follow-up to Manmohan’s Bangladesh visit. We need to talk to our business counterparts in India to assess especially their import target,’ said Haq.

Bangladesh clothes, cheaper by at least 20 per cent than India, are expected to give Indian consumers some sort of relief, BGMEA executives said.

According to the India’s Clothing Manufacturing Association and the Federation of Hosiery Manufacturers Association of India, duty and quota free access of 46 Bangladesh garment products would not affect India’s textile manufacturers.

In garment exports, Bangladesh has outstripped India as Bangladesh exports 50 per cent more garments than India. Cheap labour- almost one-third of Indian labour costs, cheap power (50 per cent lower than India) and 30-40 per cent lower production costs have created a room for Bangladesh to export its garments at a comparatively lesser price in Europe and the USA.

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