Apparel Online Bangladesh Magazine January Issue 2019 | 页面 22

POLICIES & PERSPECTIVES - 2018 TO ADVERTISE GOING TO A GOOD EVENT? Contact Rani Mahendru [phone] (512) [email protected] Send your industry gossip, photos and news to [email protected] “We don’t have to make any special effort as our buyer directly sources the total requirement and ships out to the individual countries; sometimes a product reaches India even before it can reach the shelves in Europe,” said Omar Chowdhury, MD, Hydroxide Knitwear. “The young upward mobile India is the audience we are looking for,” said Md. Manabber Ahmed, Director, Anowara Group. “At present, the Indian retail landscape is very exciting. Even from Reliance’s perspective, lot many developments are going on. In the last couple of years, we have opened around 510 stores across the country and by the end of the year, we would have a total of 1,000 stores. We are witnessing exponential growth across formats. Now with markets opening up in Tier-2 and Tier-3 cities, the growth is going to be even faster. Last year, we sold 33,000 pieces of apparels almost every hour and things are set to go even higher from here on…The retail sector overall is simply booming! The e-commerce side of the business is perhaps the most happening now in India and more so after Walmart’s taking over of Flipkart, which has added a new dimension to the market. Apart from Reliance, Future Group and Max are doing exceptionally well in the store format. Today all the big names are sourcing from Bangladesh, be it Future Group, Reliance, Arvind or Madura…,” underlined Mohit Batra, Country Head, Bangladesh Liaison Office, Reliance Trends. 22 Apparel Online Bangladesh | January 2019 | www.apparelresources.com >> German juggernaut rolls on… July 2018 One’s loss is always another’s gain… Bangladesh’s exports to its once biggest export destination, USA, are definitely not at its pink any longer. Blame it on USA withdrawing the trade benefits that it previously offered to Bangladesh or the so-called ‘labour issues’ and ‘workplace safety’ improvements, neither of which seem to have cut much ice with the US administration, the country’s import of ‘Made in Bangladesh’ apparels has taken a hit for sure. This has paved way for the European Union’s most populous nation, Germany, to wrestle the tag of biggest apparel importer from USA – which it once held during the July-November period of 2016-17 fiscal only to lose it to USA later – during the July-February period of the current fiscal year, 2017-18. “I am working with the German customers since 1998 and almost 80 per cent of my sourcing business is for Germany...,” underlined Md. Ashikur Rahman (Tuhin) – Director, Mayc’s Garment Limited and CEO & Managing Director, Texweave. “Germans have more dispensable income compared to many other countries in Europe, while at the same time, the German market is also very price-sensitive,” said Roshan Withanage, Managing Director, CJ International.