Garment accessories’ contribution to Bangladesh’s apparel exports up 9.28% | Trims News Bangladesh
Home » News » Trims News » Garment Accessories Contribution To Bangladeshs Apparel Exports Up 9 28

Garment accessories’ contribution to Bangladesh’s apparel exports up 9.28%

Share: 
      Newsletter

READ MORE ON Bangladesh Garment IndustryBGAPMEAEABTrims News Bangladesh

Garment Accessory

Image Courtesy: alicdn.com

Marking a substantial increase compared to fiscal year 2014-15, the contribution of garment accessories and packaging to the apparel export zoomed 9.28 per cent to US $ 6.12 billion in 2015-16 fiscal as against US $ 5.6 billion in the fiscal year 2014-15. According to industry insiders, the figures are expected to reach US $ 12 billion by 2018.

Also ReadGarment accessory manufacturers must get cash incentives: Bangladesh Industries Minister

The accessories and packaging sector is considered as a strong backward linkage industry for Bangladesh’s apparel sector, the biggest export earner for the country. It saves foreign currency by providing accessories alongside helping to meet lead time.

“Bangladesh has production capacity to meet the local demand and even it can export directly, but the growth of earning from accessory exports depends on RMG export as we are shadow exporters,” reportedly said President of Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), Abdul Kader Khan, to a Bangladesh daily.

Also ReadAhead of Budget, B’desh garment accessories makers place proposals before govt

Adding to that, Abdus Salam Murshedy, President of Exporters Association of Bangladesh (EAB) averred, “The biggest advantage Bangladeshi apparel manufacturers enjoy is the availability of accessories in the country.” He mentioned that the country has a huge potential in exporting accessories. “I think the Government should come up with initiatives to help the manufactures to explore direct export market. If the Government provides support, the sector could be another export earner in near future as we are now self-sufficient in meeting local demands,” Murshedy elaborates.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Talon International to host exhibition in Los Angeles

Talon International Inc., a major global supplier of zippers, apparel fasteners, trim and stretch technology products, has announced that it will hold an...

Madeira unveils metallic embroidery thread – FS40

Metallic threads provide an unmatched look when used in embroidery. But, despite its great aesthetic value and enhancing designs feature, most of the...

Coats’ Red Heart yarn brand wins ‘Women’s Choice Award’

The Women’s Choice Award has honoured industrial thread manufacturer Coats as America’s most recommended yarn brand. The award, given to the company’s Red...

Bangladesh accessories exporters demand cash incentives

Garment accessories exporters in Bangladesh are demanding cash incentives from the Government to flourish their exports. The issue was raised by Bangladesh Garment...

UPM Raflatac introduces RP38 TXL adhesive for apparel, textile labelling

Technology supplier UPM Raflatac has launched the RP38 TXL adhesive for clothing and textile labeling in retail environments. Available in the European market, RP38 TXL keeps labels...

Champion Thread Company appoints new Sales VP

Champion Thread Company, a leading global supplier of industrial sewing threads, engineered yarns, and other textile and sewn products supplies, has appointed PJ...

SBS Zipper signs technological cooperation agreement with QIEM

Largest wholesaler in China and second largest supplier of zippers in the world, SBS Zipper has recently signed a contract with the Research Group of Intelligent Design & Manufacturing of...

Non-wallet money accessories’ sales up 13%: Report

Sales for non-wallet money accessories increased 13 per cent to almost US $ 23 million in the 12 months ending on October 2016,...

Champion Thread Company aims growth; names new VP – Business Development

Champion Thread Company, a leading global supplier of industrial sewing threads, engineered yarns, and other textile and sewn products supplies, has promoted Jim...

A&E expands its footprint in Southeast Asia

US’ leading and world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles, American &...