Bangladesh is the perfect place and unique solution for clothing due to its competitive and low cost factor. That’s why it is the land of textile industries and buying hubs. The BGMEA is govt. recognized trade association for apparel sourcing near about 4491 apparel manufacturers.
According to ministry of commerce, Bangladesh earned $25 billion in the year of 2013-2014 of which $13 billion came from the knitwear sector, $8 billion from woven sector and the rest of $4 billion from sweaters.
Bangladesh knitwear industry has gained 2nd place in the global market. We are trying to reach 1st position leaving china behind by the year of 2018.
We will be able to enter new markets as we produce apparels comparatively at low cost where other countries are weak from the recession.
Here the benefits of the prices with GSP & COO facilities having shorter Delivery Lead Time.
Garments and apparel industry contributes more than 75% of countries export earnings. Textile and spinning mills, apparels papers, sewing threads, embroideries, printing, all kinds of accessories and packaging even services like knitting, dyeing, washing are also provided in the areas of Bangladesh.