The delegation included two members of
Parliament and senior representatives of the Bangladesh Garment
Manufacturers and Exporters Association (BGMEA), the Bangladesh
Knitwear Manufacturers and Exporters Association (BKMEA) and the
Bangladesh Textile Mills Association (BTMA)…Siddiqur Rahman,
vice-president (finance) of the BGMEA, said Bangladeshi manufacturers
are keen to have a 10% share of India’s growing domestic apparel
market. This will increase Bangladesh’s US$10.9 billion annual apparel
exports by another US$2 billion. Quoting a survey by US-based retailer
Wal-Mart, he said that an average middle-class Indian spends about Rs
2,500 a year on apparel…Delegates from Bangladesh also showed
interest in India’s single count yarns, while they believed India needs
Bangladeshi support to meet demands in the booming Indian apparel
sector. India has a raw material supply and good design capabilities,
and Bangladesh has the advantage of cheap labor and is strong in
knitwear production, the delegates explained.
Date:3/21/2010
Source: