Shah Amanat’s Post

𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐁𝐚𝐧𝐠𝐥𝐚𝐝𝐞𝐬𝐡'𝐬 𝐑𝐌𝐆 𝐅𝐮𝐭𝐮𝐫𝐞: 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐃𝐞𝐧𝐢𝐦 𝐚𝐧𝐝 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐭𝐡 𝐭𝐨 $𝟏𝟎𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐄𝐱𝐩𝐨𝐫𝐭 𝐆𝐨𝐚𝐥. Bangladesh's Ready-Made Garment (RMG) industry is on track for remarkable growth as it strives to reach its ambitious $100 billion export target by 2030. Premium finished denim is a key contributor to this goal, offering a strong opportunity to boost revenue within the broader RMG sector. Recent data highlights that premium denim can command up to 30% higher export prices compared to standard denim. This price premium reflects the added value of high-quality finishes and innovative designs, which attract discerning buyers globally. As Bangladesh leverages its competitive pricing and advanced production capabilities, focusing on premium products can enhance profit margins and solidify its position as a leading player in the global denim market. By emphasizing quality and value, Bangladesh’s denim sector is set to drive substantial growth and achieve its export goals. Explore the 17th edition of the Bangladesh Denim Expo on November 4–5, 2024, at ICCB, Dhaka, and see how Bangladesh is setting the standards in the global denim industry with sustainable and value added denim offerings. Learn more: https://lnkd.in/gpwayGcj Register now: https://lnkd.in/gKEveDzA #DenimExpo #BDE17 #Sustainability #Innovation #DenimExpo #BDE17 #Sustainability #Innovation

This week our team, Fernanda Oliveira & Eva Potoczny had the opportunity of meeting with the Minister (Commercial) Md. Mizanur Rahman, from the Bangladesh Embassy in Paris at Texworld Apparel Sourcing Paris. Insightful discussions were opened on the dynamic potential of the Ready-Made Garment (RMG) sector and the impactful “Made in Bangladesh” initiative. Key points discussed include: - Bangladesh's leadership in Sustainable Garment Manufacturing with 204 LEED-certified green factories, including 74 platinum and 116 gold-rated facilities. - The significance of the “Made in Bangladesh” Initiative, spearheaded by the Ministry of Commerce, in showcasing Bangladesh's industrial growth and development on a global scale. - The country's focus on Quality and Competitiveness, emphasizing quality, on-time delivery, and competitive pricing to maintain its global leadership in apparel sourcing. - The ongoing Green Factory Transformation, where eco-friendly facilities are reducing emissions, pollution, and energy consumption through sustainable practices to stay competitive in the market. We look forward to contributing to the success and growth of Bangladesh’s RMG sector. Together, we can drive innovation and sustainability in the global fashion industry. #Bangladesh #RMG #Sustainability #Innovation #MadeinBangladesh

🌍 Transforming the Global Garment Landscape: Bangladesh's Remarkable Journey 🌍 In the ever-evolving world of global trade and fashion, Bangladesh's garment industry stands out as an example of transformation and resilience. Rising from the challenges of its nascent stages in the 1970s, this sector has now firmly established itself as the world's second-largest garment exporter. This incredible growth trajectory is a powerful narrative of strategic adaptation and perseverance. 🔧 Through pivotal economic reforms and a focus on attracting foreign investment, Bangladesh has cultivated a fertile environment for the garment industry's exponential growth. The key to this success? A blend of an abundant, cost-effective labor force and strategic policy support, enabling the country to offer competitive pricing on the global stage. 🌱 But it's not just about growth; it's about growing right. Bangladesh is leading the charge in integrating sustainable practices within the industry. From adopting eco-friendly technologies to embracing ethical manufacturing, the commitment to responsible production is reshaping consumer perceptions and setting new industry standards. 🛠️ The embrace of Industry 4.0 technologies is particularly transformative, catapulting the sector into a new era of efficiency and quality. Automation, AI, and data analytics are not just buzzwords but tangible practices driving Bangladesh's competitive edge in smart manufacturing. 📊 Diversification and digital transformation are the future. By expanding into niche markets and leveraging e-commerce, Bangladesh's garment industry is poised for even greater heights. This strategic evolution ensures resilience, catering to the dynamic demands of global consumers and securing a sustainable, prosperous future for the industry. Let's applaud Bangladesh's garment industry for its visionary approach to growth, sustainability, and innovation. It's a compelling story of how strategic foresight, coupled with a commitment to ethical practices, can redefine an industry's role on the world stage. 👉Contact to know more about transformative industry practices in Bangladesh, Mr Zillur Rahman Country Head, True North Lean Bangladesh Phone: +880 1755 643026 E mail: zillur@truenorthlean.org #BangladeshGarment #SustainableDevelopment #InnovationInTextiles #EconomicGrowth #TrueNorthLean

Bangladesh: A Global Leader in the Garment Industry Bangladesh secured its place as the world's second-largest exporter of garments. Its struggle and adaptability have been unmatched. From a small-scale industry in the 1970s, it grew into a global powerhouse driven by strategic reforms, an abundant labor force, and forward-thinking policies. Moving forward, technological innovations coupled with sustainability initiatives are the things that are bound to shape the future. The emergence of Industry 4.0 technologies, coupled with a move toward eco-friendly manufacturing, suggests that Bangladesh is indeed going to stay competitive in the global market. Challenges with labor rights, workplace safety, and environmental impact persist, but efforts toward compliance with international standards and sustainable practices are precursors to responsible growth. Moving forward, Bangladesh will also reach new markets with a focus on diversification and value addition, offering high-value and customized products to meet the changing consumer preferences. Indeed, bright days are ahead for this garment industry, and Bangladesh is taking the lead. #Bangladesh #GarmentIndustry #Sustainability #EthicalFashion #Innovation #Industry40 #SustainableManufacturing #Textile #GlobalMarket #BangladeshRMG #ResponsibleBusiness #Apparel

Big Move in Bangladesh: Pacific Jeans #Invests $55m in Cutting-Edge Garment Factory 🇧🇩 Attention, textile players! Pacific Jeans just made a bold move, injecting $54.55 million into a state-of-the-art garment factory in Bangladesh's Adamjee EPZ. This isn't just a factory, it's a signal: Bangladesh is still heiß for #apparel production. Why Bangladesh? You know the drill: - Cost-effective: Labor costs remain competitive, keeping your bottom line healthy. - Government support: Incentives like tax breaks and duty-free imports sweeten the deal. - Infrastructure on point: EPZs and a robust network make things run smoothly. - Skilled workforce: Bangladeshi garment workers are the real MVPs. What's in store? - Production boost: 12.5 million ladies' tops + 12.5 million formal/casual pieces + 3.1 million kids' casuals? Bangladesh's export game just got stronger. - Job bonanza: 7,970 new jobs will change lives and fuel the local economy. - Tech takeover: Automation and advanced machinery promise efficiency, quality, and a competitive edge. - Price wars, anyone? Increased competition could translate to lower costs for consumers (win-win!). The takeaway? - Bangladesh is here to stay, and investing in its garment industry could be strategic gold. - Pacific Jeans is raising the bar with cutting-edge tech, pushing the sector forward. - #Sustainability, ethical practices, and innovation are key differentiators in this dynamic market. What are your thoughts on this investment? Is Bangladesh your next production destination? Share your insights in the comments! #textileindustry #bangladesh #garmentmanufacturing #investment #pacificjeans #epz #jobs #innovation Follow Fabnation Ind and Shashank Saraogi for more Textile #growth and #trends2024 P.S. Don't forget to tag Pacific #Jeans and relevant industry peers!

👖Unlocking Opportunities: Bangladesh's Denim Sector on the Rise! 📈 From expanding production capacity to embracing sustainable practices, the country's denim sector is poised for exponential growth. Discover why global clothing brands are turning their focus to Bangladesh's denim industry at Invest Bangladesh: 🔗 Link in Comments! #InvestBangladesh #DenimIndustry #Clothing #Apparel #GlobalGrowth

Big Move in Bangladesh: Pacific Jeans #Invests $55m in Cutting-Edge Garment Factory 🇧🇩 Attention, textile players! Pacific Jeans just made a bold move, injecting $54.55 million into a state-of-the-art garment factory in Bangladesh's Adamjee EPZ. This isn't just a factory, it's a signal: Bangladesh is still heiß for #apparel production. Why Bangladesh? You know the drill: - Cost-effective: Labor costs remain competitive, keeping your bottom line healthy. - Government support: Incentives like tax breaks and duty-free imports sweeten the deal. - Infrastructure on point: EPZs and a robust network make things run smoothly. - Skilled workforce: Bangladeshi garment workers are the real MVPs. What's in store? - Production boost: 12.5 million ladies' tops + 12.5 million formal/casual pieces + 3.1 million kids' casuals? Bangladesh's export game just got stronger. - Job bonanza: 7,970 new jobs will change lives and fuel the local economy. - Tech takeover: Automation and advanced machinery promise efficiency, quality, and a competitive edge. - Price wars, anyone? Increased competition could translate to lower costs for consumers (win-win!). The takeaway? - Bangladesh is here to stay, and investing in its garment industry could be strategic gold. - Pacific Jeans is raising the bar with cutting-edge tech, pushing the sector forward. - #Sustainability, ethical practices, and innovation are key differentiators in this dynamic market. What are your thoughts on this investment? Is Bangladesh your next production destination? Share your insights in the comments! #textileindustry #bangladesh #garmentmanufacturing #investment #pacificjeans #epz #jobs #innovation P.S. Don't forget to tag Pacific #Jeans and relevant industry peers!

Investment rises as Bangladesh conquers the world of denim Bangladesh has conquered the global denim market by becoming the top supplier of the popular garment item to both the EU and US, with local investors continuing to pour in funds to capitalise on further growth in global markets. Bangladesh has been the top denim exporter to the EU since 2017, with one out of three people in the continent donning denim pants produced in the country. But given that worldwide demand is growing, businesses are looking to enhance their capacity in order to grab a bigger slice of the $64.5 billion global denim market. Local exporters currently supply denim products worth nearly $5 billion worldwide. The global denim market is projected to rise to $76.1 billion by 2026, growing at a rate of 4.8 per cent annually, according to various estimates. As such, local entrepreneurs have invested nearly Tk 25,000 crore in the denim segment of the primary textile sector, which already has 42 modern mills capable of supplying over 900 million metres of denim fabrics each year. Around a decade ago, investment in the denim sector, which had around 12 mills, stood at Tk 8,000 crore. Yet, over the past few years, Bangladesh has overtaken China in denim supply to both the EU and US markets. A local mill has invested Tk 1,500 crore to establish two denim mills at Habiganj, targeting to export denim worth $700 million over the next five years, according to data of the Bangladesh Textile Mills Association (BTMA). #Apparel #Warptex #warptexbd #sourcing #clothing #Manufacturer #Exporter #statistics #exports #fashion #industry #manufacturing #Bangladeshgarment #garment #apparelindustry #fashionapparel #hometextiles #TextilesMarket #GarmentFactory

Export of denim from Bangladesh is a significant part of the country's textile industry. Bangladesh is known for its competitive pricing, quality denim production, and large-scale manufacturing capabilities. Key points related to denim exports from Bangladesh include: Production Capacity: Bangladesh has a robust production capacity for denim, with many factories equipped to produce various types of denim fabrics ranging from basic to high-end varieties. Market Presence: Denim products from Bangladesh are exported to various regions globally, including Europe, North America, and Asia-Pacific. The country is known for exporting both fabric and finished denim products such as jeans, jackets, and shirts. Competitive Advantage: Bangladesh offers competitive advantages such as lower labor costs, preferential trade agreements (like the EU's Everything But Arms initiative), and a skilled workforce in garment manufacturing. Industry Growth: The denim industry in Bangladesh has shown steady growth, with investments in technology and sustainability practices becoming increasingly common among manufacturers. Challenges: Despite its growth, the industry faces challenges such as infrastructure limitations, compliance with international labor standards, and fluctuations in raw material prices. Overall, Bangladesh remains a key player in the global denim market, leveraging its strengths in production efficiency and cost-effectiveness to maintain its competitive edge. #Denim #bangladesh

How can we overcome the current challenges in the apparel industry in Bangladesh? To overcome the current challenges in Bangladesh's apparel industry, several strategic measures can be implemented: 1. Wage & Labor Reforms : Addressing worker demands through fair wages and improved working conditions can help reduce unrest and create a more stable workforce. Engaging in constructive dialogue with labor unions is crucial. 2. Innovation & Technology : Investing in automation and technology to improve efficiency and reduce production costs will help remain competitive against countries with lower labor costs. 3. Product Diversification : Moving beyond low-cost, basic garments to more value-added products like high-tech apparel, sportswear, and eco-friendly clothing will open new markets and raise profit margins. 4. Sustainability Initiatives : Strengthening commitments to environmental and social sustainability through green factories and ethical production will attract international buyers who prioritize sustainability. 5. Infrastructure & Logistics : Investing in infrastructure, including transport, energy, and ports, will streamline supply chains and reduce lead times, making the industry more competitive globally. 6. Training & Skill Development : Upskilling workers and management to adapt to new technologies and market demands will ensure the industry's long-term viability. By focusing on these areas, Bangladesh’s apparel industry can overcome current challenges and secure a more sustainable and prosperous future.