Dhaka-based Fashion For Future Ltd, an exporter as well as a buying agent, running a knit factory with nine circular knitting and 450 machines, is planning to set up a woven factory for bottom wears.
Catering mainly to European clients like Lidl, and offering men, women and kids wear, the company also has a prestigious clientele list that includes companies like Reliance Group in India.
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“In my opinion, as of now orders are a little slow. The already-established companies are getting an opportunity to expand, whereas small companies are getting cornered and sometimes quitting business too. One can say that these expansion plans are basically for the future, as orders must first come into Bangladesh,” Fashion For Future Ltd MD Mahmud Hasan Ripon shared with Apparel Resources. “Due to pricing concerns, buyers are left with no choice but to come to Bangladesh, and we offer good quality too. At the moment, I am planning on starting our new factory with 400 machines,” he added.
Speaking on the matter, he said that a few years ago, buyers who were working with Bangladesh, placed a lot of orders in Tirupur. However, after four months, one of his Italian buyers was forced to shift back to Bangladesh with his orders, when Tirupur failed to cater to even 25 per cent of his requirements. Bangladesh has a large capacity that helps in timely delivery of orders.
