Apparel Online India Magazine May 1-15, 2019 | Page 54

BEYOND INDIA
Second Bangladesh Fashionology Summit to focus
on digitalisation
The second edition of Bangladesh
Fashionology Summit, with
focus on changing supply chain
practices and digitisation, is all
set to roll out its carpet on 2nd
May at International Convention
City Bashundhara, Dhaka. Under
the theme ‘Digitisation – The
Next Destination’, the summit
is aligned with the country’s
Digital Bangladesh Vision 2021.
The event is being organised by
Bangladesh Apparel Exchange
(BAE), an organisation which
promotes Bangladesh’s apparel
sector. This announcement was
made during a press conference in
Dhaka by Mostafiz Uddin, Founder
and CEO, BAE in the presence
of Faruque Hassan, Senior Vice
President, BGMEA and Mohiuddin
Rubel, the newly elected BGMEA
Director and Managing Director
of BAE. “In particular, the
RMG industry in Bangladesh is
changing at a rapid rate, with
an unprecedented industrial and
technological upgrading taking
place. Many factory owners have
invested millions to ensure that
they are prepared for the shifting
landscape in apparel production,
including the move to higher
value-added products, more
sustainably produced clothing,
and of course, automation,”
commented organisers. The
seminal conference intends to offer
a vital opportunity to Bangladesh
to open its doors to the outside
world and kick-start a much-
needed debate about the future
direction of the country’s apparel
sector, which is of huge strategic
relevance to garment supply chains
worldwide. About 25 speakers will
participate in the event and speak
on the most pressing problems
that the manufacturers are facing.
The five scheduled sessions are:
digitalisation of the supply chain
to cut costs and reduce lead time;
transparency in the global supply
chain; innovation for the era of
the fourth industrial revolution;
technology for decent work and
environment; and policy dialogue
on future skills development.
The show also includes a Digital
Tech Fashion Runway Show that
will exhibit fashion, innovation
and design aesthetics as well
as a Tech Innovation Zone for
start-ups to showcase innovation
and technologies in the industry.
“The eyes of the world are on
Bangladesh right now and not
always for the right reasons,”
said Mostafiz Uddin. He also
added, “With the debate around
factory safety and the future of
the Bangladesh Accord, what has
often been forgotten is that the
RMG industry in the country has
made huge progress in recent
years. Technological upgrading
in the garment sector is ongoing
and our country’s garment sector
is rightfully taking a lead on these
issues. Furthermore, all the key
stakeholders of the Bangladesh
apparel and textile industry will
come together at Bangladesh
Fashionology Summit to show
and discuss the latest products,
technologies and innovations
that will shape the future of
the industry.”
Regent Garment to start its third factory in
Hải Dương, Vietnam
Regent Garment Factory Ltd.,
a member of the Hong Kong-
based Crystal Group, recently
got approval in principle from
Hải Dương Province’s People’s
Committee to build its third
garment factory in the Nguyên
Giáp Industrial Complex in
Tứ Kỳ district of Hải Dương
province. To be built at a cost of
US $ 39 million, the new factory,
reportedly, aims at an annual
production capacity of 28 million
garment products, thereby
creating 4,900 jobs for the people
of Vietnam. Notably, Regent
Garment company had previously
built two similar factories in
the Hải Dương province. The
first factory, which was set up
54 Apparel Online India |
To be built at a cost of
US $ 39 million, the new
factory, reportedly, aims
at an annual production
capacity of 28 million
garment products,
thereby creating 4,900
jobs for the people of
Vietnam.
in Nam Sách Industrial Zone
in 2006, is valued at US $ 64
million. The second one, which
came up on a bigger scale in Lai
Vu Industrial Zone in 2014, is
MAY 1-15, 2019 | www.apparelresources.com
worth US $ 124 million, annually
producing 170 million products.
It is important to note here that
Hải Dương province granted
licenses to as many as 13 foreign-
invested projects worth over US
$ 103.3 million in October 2018.
Additionally, another capital
of over US $ 318 million was
approved for 32 more projects.