"ASW 2020 will serve as the leading hub for apparel companies to interact with Indian subcontinent. Bangladesh, India and Sri Lanka are major garment manufacturing hubs that have strengths which make them favorites with buyers and also complement each other"
ASW (Apparel Sourcing Week) 2020 will serve as the leading hub for apparel companies to interact with Indian subcontinent. Bangladesh, India and Sri Lanka are major garment manufacturing hubs that have strengths which make them favorites with buyers and also complement each other. Practically every international buyer is in these three countries working not only on their core competence but also on developing new capabilities, as the hubs are being seen as strong alternates to China in the wake of the increasing interest.
India offers a complete textile chain for fashion trends With a traditionally strong base in textiles and numerous clusters for value additions, India is an ideal destination for sourcing value-added garments thinks India. The country provides a complete supply chain and infrastructure to the manufacturers who have the experience to make any kind of garment. Additionally, policies such as ‘Make in India’ are supporting the industry which is not only strengthening the traditional regions like Ludhiana, Delhi-NCR, Ahmadabad, Tripura, and Bengaluru, but also assisting in the upgradation of its eastern states, which will provide a wider scope for the manufacturers. Logistics is another positive for India. With 13 seaports, India forms one of the biggest peninsulas in the world and can handle huge volumes or shipment with ease.
Sri Lanka excels in sustainable and high-quality manufacturing: Sri Lanka is the most ideal destination for any buyer looking to enhance its sustainable image and work with factories that have a reputation of not only talking ethical and green, but are also leaders in sustainable practices. Worn by quality-conscious consumers all over the world, products belonging to top international brands of sportswear, lingerie and swimwear are sourced and manufactured in Sri Lanka. Sri Lanka’s apparel sector outperforms other South Asian countries in terms of quality in garments, short lead time, reliability, along with social compliance and sustainability.
Bangladesh balances the quality content Though Vietnam has recently grown at a fast pace, Bangladesh has been the world’s second-largest garment exporter for many years for a reason. For the country, the industry is very critical with 83 percent of exports coming from the RMG sector which contributes 20 percent to its GDP and garment manufacturing employs around 4.50 million people in the country. The biggest strength of the country is its adaptability to change with the evolving global pace in the fashion industry, which is further boosted by the relatively cheaper and vast workforce. Despite recent hikes in wage rates, the minimum wage in Bangladesh is still lower than that in China, Cambodia, India, and Vietnam and that also adds an edge over its competitors. Significantly, Bangladesh qualifies for duty-free market access or reduced tariff facilities to 52 developed and developing nations including countries in the EU, Australia, Switzerland, Japan, Turkey, Russia, Norway, New Zealand, China, South Korea, Thailand, Malaysia and India.