“In November alone, exports are said to have grown nearly 30%
to $1.55 billion, compared with November 2009, the report said”
Salim Osman, president of Bangladesh Knitwear Manufacturers
and Exporters Association, told The Daily Star that apparel exports had increased
mainly because of the shift of international buyers to Bangladesh from China,
the world’s largest apparel supplier .
China is losing its competitiveness for higher costs
of production,” Osman said. “We will grow more when the doors in some
new destinations, like South Africa, will widen further.” .
“Osman also said that recent demand for jeans and denim
products and for T-shirts has soared because China is losing market to
Bangladesh .
Anwar-ul-Alam Chowdhury Parvez, former president of
Bangladesh Garment Manufacturers and Exporters Association, said the value of
apparel exports is also increasing due to the higher prices of raw materials. Echoing
Osman, the former chief of BGMEA also said China is losing business to
Bangladesh due to its higher costs of production and shortages of workers in
the garment factories .
Such higher growth will continue for a long
time,” he said. “We have to increase our both capacity and efficiency
for sustainability of the export .
We have a bright future. We need to address
infrastructure and energy problems as soon as possible, and increase the
efficiency of ports.” .
Date:12/11/2010
Source:www.commodityonline.com