March 2019

“India is an important market for Bangladesh garment manufacturers as people are same as here and have similar taste, so understanding preferences and market trends is not so difficult. Also, proximity is very critical, and both countries have an advantage,” said Tipu Munshi, the newly appointed Commerce Minister of Bangladesh in an exclusive one-on-one with Team Apparel Online. A close confidante of Prime Minister Sheikh Hasina and a former BGMEA President, with over 50 years of business experience, Tipu is confident of increasing Bangladesh apparel exports to India which stands at US $ 300 million today.

Faced with the challenges of wage hike and diminishing profit margins, manufacturers are aggressively adopting technology to remain relevant in the industry. The recently concluded Garmentech in Dhaka captures the same. Team AOB who was present at the event was surprised to see some of the renowned names from the world of technology displaying their might for the apparel industries…

Not to forget our first-ever B2B sourcing event – Apparel Sourcing Week 2019 – is taking place shortly in Bengaluru (India), with many big industrialists from Bangladesh visiting.