SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 03 May, 2016  

Bangladesh.9.Thmb.jpg Bangladesh apparel exports can create more jobs: WB

Apparel.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 03 May, 2016
Clothing exports could create more and better jobs in Bangladesh if the country makes improvements in productivity, product quality and reliability, and by enforcing better safety conditions and other compliance policies, said latest World Bank report.

The report on Monday said Bangladesh has the largest apparel export industry in South Asia and, at 6.4 percent, the largest market share of global apparel exports among South Asian countries.

"Bangladesh has steadily increased its share of global apparel trade above the world average and greater than China but lower than that of the Southeast Asian countries," said the report of the Washington-based lender.

The report, launched jointly with the Bangladesh Institute of Development Studies, a think-tank, highlights that the country needs to improve performance on non-cost factors important to global buyers.

Successfully implementing reforms will help Bangladesh increase exports and capture more jobs from China's gradual exit from the clothing market and compete with Vietnam, Cambodia, and Indonesia, it said.

"For the US market, a 10 percent increase in Chinese apparel prices would increase apparel employment in Bangladesh by 4.22 percent."

"The apparel sector in Bangladesh tells a remarkable story of women's empowerment by significantly increasing female participation in the labour force," said Qimiao Fan, the World Bank Country Director for Bangladesh, Bhutan and Nepal.

"The apparel industry is extremely important to Bangladesh's economy, accounting for 83 percent of total exports," said Fan.

In Bangladesh, the industry is dominated by local firms, but foreign direct investment played a central role in launching the industry, providing linkages to foreign buyers, technology, and knowledge transfer.

The report demystifies the global and South Asian apparel markets, estimating the potential gains in exports and jobs, and identifies policies that can unleash South Asia's export and job potential.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter