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Exporters of Tailor Made Garments and Stocklots

Readymade Garment Exports register 120 per cent growth to new export destinations

According to Abdus Salam Murshedi, President of Bangladesh Garment Manufacturers and Exporters Association, at a book launching function, held on Tuesday, exports of readymade garments (RMG) to new destinations registered an exceptional 120 per cent growth during the first six months of 2010-2011.

New export destinations included Turkey, Japan, South Korea, South Africa, Mexico, Brazil and Australia, which Mushedi credited to Bangladesh’s competitive cost advantage.

Holger Michael, German Ambassador unveiled a couple of books titled ‘market access guide to the new and emerging markets for Bangladesh woven garments manufacturers and exporters’ and ‘Strategic Guidelines for Access of Bangladesh’s RMG goods to New and Potential Markets’, respectively, at the BGMEA office.

Speaking on the occasion, Michael assured the RMG entrepenuers that the German government would assist Bangladesh with technical and financial support to boost RMG units and export earnings. He also expressed his appreciation to Bangladeshi businessmen for their sincerity in assuring timely delivery to its customers.

BGMEA Vice-president Faruq Hassan, representative of Agency for International Cooperation of German Dr Dietrich Stotz and Director of Bangladesh German Chamber of Commerce and Industry (BGCCI) Daniel Seidi also delivered speeches, among others.

Faruq Hasan emphasized the need to resolve existing utility problems, which he felt would pave way to increase garment exports to $35 billion from the $13 billion posted last year.

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