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Gone are those days, when Bangladesh was synonymous with knits and denim only. Given the prospects suit as a product category offers, many have now taken to making suits despite the challenges as it offers an effective way to ward off the price point blues.
A recent report by ITC titled The Garment Costing Guide for small firms in value chains confirms Bangladesh lagging behind its competitors in terms of price points.
India’s apparel imports from Bangladesh accounted for US $ 534.94 million, up by 67.90 per cent in the first 9-months period of 2022 which is around 42 per cent of India’s total apparel import values.
Team Apparel Resources (AR) recently met Tipu Munshi, Commerce Minister, Bangladesh in his Dhaka office and had a freewheeling discussion on Government support to boost the RMG exports.
Disrupting a market founded on ready-to-wear and prét fashion labels and brands, many designers are taking a leap of faith by introducing labels in Bangladesh, especially catering to the often overlooked category of menswear, functional styling and sustainable, ethical fashion.