Apparel Online Bangladesh Magazine July' 17 | Page 53

RESOURCE CENTRE It is indeed remarkable to note the expansion that Vardhman has undergone in Bangladesh especially in the bottomwear segment despite their earlier benchmark in shirt fabrics. Explaining the factors that inspired them to go for this massive shift, Kulbir avers, “In shirts, the major component is yarn dyed varieties for which local mills are now quite capable as their prices and deliveries are good and their quality is just fine. Because of this ti ght competition in shirts domain, we started offering different types of blends, washes and finishes.’ Even in fabric finishes, Vardhman offers qualities like moisture management and climate control which are highly appreciated by the buyers and they hope to take it up also in their next upcoming season. Going forward, the focus for Vardhman in Bangladesh is predominantly into the bottoms business for both men and women. Even in shirting which still constitutes a big part of their product category, they have transformed to more modal and tencel based fabrics which is seeing a surge in demand in the women’s clothing section. With fast-evolving new product categories, Kulbir predicts that though the market growth of Bangladesh is slow (2.5%) in the current year, it would bounce back and achieve the target of 10% annual growth, considering the responsiveness and capabilities of the entrepreneurs in the country. He is quick to admit that this market would never see an absolutely lull phase as it generates consistent business for those who are actively involved in this trade. With some of the world’s leading brands as its major buyers like GAP, “… In terms of product basket, we diversified our mix. It is now not only in cotton. We create blends like cotton tencel stretch, cotton modal super stretch and difficult products like bi- stretch…” – Kulbir Kundu, Country Manager – Bangladesh, Vardhman Textiles JCPenney, American Eagle, H &M, M & S, s.Oliver and even Inditex, Vardhman continues to prove its mettle in fabric manufacturing. With a strong belief in the concept of made to order, they endeavour to present their clients with new qualities every time by seeking inputs from their buyers and also presenting collections from their own ideas. The strong design and product development team which creates ideas and converts them into beautiful niche fabrics is the key which gives Vardhman an edge over its competitors. Vardhman’s current strategic orientation is towards keeping the buyers’ interests alive which makes it unique and way ahead of the local mills who are still largely focused on supplying volumes to the buyers. www.apparelresources.com | JULY 2017 | Apparel Online Bangladesh 53