Apparel Online Bangladesh Magazine September Issue 2018 | Page 19

COVER STORY M.A. Jabbar, MD, DBL Group Maashed Abdullah, Director, Dressman Limited whopping 111 per cent, which by any standards is huge. Those companies that have tasted success are looking for more opportunities. “We have been working for Woodland for last 7 years and never faced any problem, but now that other Bangladeshi firms are also getting on to the bandwagon, the prices being offered earlier have declined,” shares Md. Khosru Chowdhury, Chairman & MD, NIPA Group that manufactures outerwear. The company is looking for more partners, and Reliance Retail is one of them. In fact, Reliance Retail have their own liaison office in Dhaka to support their sourcing operations from the country. Proshanta Kumar, Senior Sourcing Manager, Reliance Retail (Bangladesh Liaison Office) overseas operation for all reliance brands in the country. The international brands that they handle include – Scotch & Soda, Brooks Bros, DC, Diesel, Dune, Ermenegildo Zegna, Gas, Quicksilver, Steve Madden, Kenneth Cole among others. The retailer sources a wide range of products from Bangladesh in woven and knits with denim as the largest category. The current volume sourced from Bangladesh is about 3 million units/annum this year. For some companies, the sourcing is happening directly through their international brands with POs made for specific countries. One such company is Hydroxide Knitwear, which is sending products for the Bestseller brand to India, through Md. Manabber Ahmed, Director, Anowara Group Omar Chowdhury, MD, Hydroxide Knitwear the liaison office in Dhaka for their 200 stores in the country. “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 shelves in Europe,” says Omar Chowdhury, MD, Hydroxide Knitwear. Interestingly, Chowdhury points out to the buying power of European countries reducing because of which garment manufacturing companies are increasingly looking eastward for business. He adds that China at the moment is more interesting than India, as he feels it is more organised to work with the Chinese. This view is strongly refuted by many of the exporters who argue that the cultural similarities that India shares with Bangladesh make the process easier and more enjoyable. “Why would I want to struggle to establish business in a country where everything is a challenge – from language to food habits to the way business is conducted. Working with Indian retailers is more satisfying and with retail getting better organised, the issues that were previously a deterrent, no longer exist,” reasons Munir Ahmed, Director, M&J Group. The company has already established relations with two Indian retailers and is upbeat on the potential. His views are supported by many who feel that India is like a second “We are sourcing 95 per cent of our products directly. From which countries we buy, depends upon the product. For bottoms, light wash bottoms and denims, we go to Bangladesh.” – Chaitra Ramamurthy Md. Khosru Chowdhury, Chairman & MD, NIPA Group home. “If any discussion is required, it is so easy to fly over and sort it out directly. After all, most Bangladeshis are comfortable travelling to India on regular holidays and even shopping,” smilingly says Imranur Rahman, MD, Bando Designs, a part of the Sterling Group of companies. Rahman feels that Indian retail is an opportunity market that no exporter looking for growth can ignore. It is important to note that with imports from other coun