Garment Manufacturing Is The Largest And Most Important Industry In Bangladesh.

Because of the rising cost of labor in China, enterprises such as "Bangladesh" in Bangladesh are very popular in the garment industry. In Bangladesh's Mondo group, most of the raw materials used for clothing, yarns, labels, buttons, zippers and so on are from China. The financial manager of Utah group, which has more than ten thousand workers, introduces that the group purchases about 300 million to 400 million Tucca raw materials (3 million 855 thousand to 5 million 140 thousand US dollars) raw materials from China every month. The clothing industry is one of Bangladesh's most important economic pillars, clothing products account for more than 80% of the total export value, accounting for more than 10% of GDP. The garment industry has solved the employment of about 4000000 people and made significant contributions to the development of the country. In addition to creating employment opportunities and earning foreign exchange, the clothing industry is attracting more FDI and promoting the development of infrastructure projects.

Chinese enterprises have formed a group effect in Dhaka. The utopa region is now a "Chinatown", where many offices from Chinese enterprises are gathered, most of which are in garment related industries. Chen Zhong's office is one of them, filled with various accessories, including buttons, zippers and signs, to display to local customers. He said that there were a lot of excipients from China, mainly from Fujian, Guangdong and Jiangsu. Bangladesh's 90% garment accessories were all from China.

Zhang Wensheng came alone 24 years ago. The People's Republic of Bangladesh He now owns a 4 storey garment factory building with about 2000 employees. Looking back at the pioneering Road, he sighed with emotion: "the road to entrepreneurship is arduous, and now a little achievement depends on the support of the motherland, and also thanks to the Bangladesh government's support for foreign-funded enterprises." Innu, Bangladesh's minister of information, said in an interview with reporters: "China is helping to boost our economy. As we all know, garment manufacturing is the largest and most important industry in Bangladesh, and China is an important participant in this field. "

Like Zhang Wensheng, there are many Chinese entrepreneurs investing in the garment industry in Bangladesh. The Chinese enterprises in Bangladesh can be traced back to the 90s of last century. Bangladesh is the second largest garment exporter in the world, and is becoming a hot spot for overseas development of China's garment related industries. China's strength in this Bangladesh economic lifeline has injected vitality and energy into the economy of the Bangladesh, and there are Chinese figures from processing plants, raw materials supply to market orders.

Fujian Quanzhou people Zhuang Li Feng started building garment factories in Bangladesh more than 20 years ago. Up to now, he has established the LEDs group in Bangladesh, including weaving, dyeing and finishing. printing Many enterprises, such as clothing and shoemaking, have created a large number of employment opportunities, and the number of local employees in their enterprises has reached over 1.3.

In addition, Chinese enterprises have now become an important source of orders for Bangladesh. Zhang Shuhong, the representative of China's Suzhou Su Mei textile international trading company, said that the company visited Bangladesh in September last year and began ordering in Bangladesh in March this year. At present, it has 1 million 500 thousand orders, with a total value of US $about 4500000. According to his introduction, after receiving orders from enterprises in China, the order of large quantity and low difficulty is distributed to Bangladesh, and the cost can be reduced by at least 15%. In the future, enterprises are also planning to set up factories in Bangladesh for localization.

The head of Shanghai Oriental International Group said that garment production in Bangladesh has played a stimulating role in the domestic garment industry. On the one hand, the industrial chain of Bangladesh is incomplete, many high quality raw materials and textile machinery basically come from China; on the other hand, domestic clothing sales enterprises are also facing the pressure of rising costs, and the transfer of orders to Bangladesh production reduces the cost. In addition, setting up factories in Bangladesh will help domestic product restructuring. Processing transfer Here, we can focus more on product design and research and development.

"If we look back, China has actively participated in Bangladesh's economic construction and made great contributions since the first day of establishing diplomatic relations," said Bangladesh's minister of information. This is why China has become one of Bangladesh's largest development partners in the past more than 40 years. "At this stage, the Bangladesh economy needs more investment from China," he said. Our prime minister has set up special economic zones for Chinese investors. Zhang Wensheng, who gave most of his youth to Bangladesh, said he was optimistic about the future development of the Bangladesh garment market. Chinese enterprises could use their own advantages to invest in Bangladesh and share the fruits of development with Bangladesh.