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Bangladesh sees a revival in apparel orders

Sep 09, 2021
Bangladesh sees a revival in apparel orders

Bangladesh

The flow of work orders to the garment industry is rebounding strongly due to the reopening of retail and branded stores in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.

Local suppliers estimate that their exports in the next summer might go up by 20 to 30%. The production for the season runs from September to March. Bangladesh is strong in the manufacturing of knitwear and woven clothes, which are mainly worn during the days of summer and mild winters. Moreover, work orders are shifting to Bangladesh from Myanmar and China because of the competitive prices offered by the local items.

Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association, said confidence in Bangladesh had been restored as local manufacturers had been able to supply items to international retailers and brands even during the pandemic.

Earnings from garment shipment improved in recent months. The industry, which accounts for about 85 per cent of the national exports, fetched $5.64 billion in July and August, data from the state-run Export Promotion Bureau showed. 

Source: The Daily Star

Image Source: Google Images

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