Bangladesh: a rising star in denim sector
Event organizers are facing good amount of stress-load to find accommodation to house the participants of the denim expo in Dhaka next month. Too many international retailers have been showing interest to showcase their offerings in the 3rd edition of the Denim Expo, due to be held in Bashundhara International Convention City in November. 41 Retailers, designers and fabric makers will all come together to to produce a good show of their products. 27 are from abroad, from countries such as China, India, Pakistan, the US, Turkey, Singapore, Thailand, South Korea, Japan and Germany, most of whom was not aware of Bangladesh's Denim potential some time ago.
China's rising production cost has given Bangladesh the advantage, currently exporting US $2 bn worth of products, the figure expected to rise at galloping pace. With higher domestic demand due to expansion of variety, investment has increased to Tk 7,500 crores. Bangladesh largely ships denim to big brands in the US and Europe, but has recently started exports to other countries as well.
Event organizers are facing good amount of stress-load to find accommodation to house the participants of the denim expo in Dhaka next month. Too many international retailers have been showing interest to showcase their offerings in the 3rd edition of the Denim Expo, due to be held in Bashundhara International Convention City in November. 41 Retailers, designers and fabric makers will all come together to to produce a good show of their products. 27 are from abroad, from countries such as China, India, Pakistan, the US, Turkey, Singapore, Thailand, South Korea, Japan and Germany, most of whom was not aware of Bangladesh's Denim potential some time ago.
China's rising production cost has given Bangladesh the advantage, currently exporting US $2 bn worth of products, the figure expected to rise at galloping pace. With higher domestic demand due to expansion of variety, investment has increased to Tk 7,500 crores. Bangladesh largely ships denim to big brands in the US and Europe, but has recently started exports to other countries as well.
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