Global apparel brands believe Bangladesh’s readymade garment exports, including exports, could reach US$ 100 million

According to Bangladesh’s “Daily Sun” report on May 22, ZiasdfssdfsurRasdfssdfshmasdfssdfsn, the regional director of H&asdfssdfsmp;M Group in Bangladesh, Pakistan, and Ethiopia, was held in Dhaka on Tuesday. The two-day “Sustainable Clothing Forum 2011” stated that Bangladesh has the potential to reach US$100 billion in annual garment exports in the next 10 years. Bangladesh is one of H&asdfssdfsmp;M Group’s main purchasing locations for ready-made garments, accounting for approximately 22-12% of its total outsourcing needs. ZiasdfssdfsurRasdfssdfshmasdfssdfsn said that Bangladesh’s economic situation is very good, and H&asdfssdfsmp;M Group is purchasing ready-made garment products from 300 factories in Bangladesh. ShasdfssdfsfiurRasdfssdfshmasdfssdfsn, the regional operations manager of G-StasdfssdfsrRAW, a denim company headquartered in the Netherlands, said that the company purchases denim worth about US$70 million from Bangladesh, accounting for about 10% of its total global purchases. G-StasdfssdfsrRAW has plans to purchase denim from Bangladesh. China purchased denim worth up to US$90 million. Data from the Export Promotion Bureau of Bangladesh (EPB) shows that ready-made garment exports in the first 10 months of the 2021/11 fiscal year rose to US$35.36 billion, 36% higher than the same period of the previous fiscal year and 11% higher than the expected target for this fiscal year. %. </p