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Messages - Md. Saiful Hoque

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1
Thanks for sharing.

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Knitting / Re: Knit denim
« on: October 08, 2018, 08:48:00 PM »
Thanks for sharing.

3
Bangladesh government has reduced corporate tax from 15% to 12% and also brought down the tax at source on export items, except jute goods, from 0.7% to 0.6% for the current fiscal year for garments sector, the $30 billion industry and lifeline of the economy.

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Textile Fibres / Re: Definition of Textile fiber and History
« on: September 08, 2018, 01:57:00 PM »
Thanks for sharing.

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Textile Engineering / Re: exceptional use of fibre
« on: August 26, 2018, 11:40:50 AM »
thanks for sharing

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Fibre Testing / Re: Fiber Test
« on: August 08, 2018, 08:47:13 PM »
Thanks

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RMGExport / The tariff battle and Bangladesh apparel industry
« on: August 08, 2018, 12:53:31 PM »
Today, we are living in a global economy. A fair trade between the countries must serve the best interest of everybody. John Divine, Senior Investing Officer at US News and World Report describes the US economy in the light of tariff war ‘as Pandora is out of its box’.
Apparel industry will take a big hit in the light of US’s $200 billion in tariffs on China. Due to globalization, no country has the internal capability to match global efficiency for the production of goods and services.

Therefore, when we can avail ourselves of the global efficiency then it is comfortable for the people of a country to get something easily at a low cost. For example, due to the cheap labor cost in Bangladesh, a T-shirt is much cheaper in Europe than a burger. For the same reason, hi-tech telecom and internet services can cheaply be provided to the people of Bangladesh in a free trade economy. With an added tariff on Chinese goods and when it comes to apparel, the landed price for China-made goods will be higher compared to others. In that area, the next countries can compete to take as much as from those are lost by China.

Therefore, it is not difficult to understand with such a tariff on Chinese apparel the export and price of Bangladesh apparel are expected to increase.

At the same time, when Chinese garment factories will lose business then Chinese textile mills have surplus raw materials such as yarn, fabrics that will be sold in Bangladesh at a more competitive price as a result of competition among Chinese mills.

Therefore, there is a slight chance that the woven fabric mills and denim mills in Bangladesh may face a little more competition but with the transfer of fast fashion category, they may assume to be stronger.

If Chinese producers making for the US are hurt they will aggressively seek for new markets in Europe, Latin America, Australia, Far East Asia, etc. where suppliers from Bangladesh will experience a little more difficult.

Now question is that in the event of growing landing cost of the Chinese made apparel- will Bangladesh be able to catch those orders rebounded from China.

With no preparation Bangladesh would most likely start to daydream, however, substantially will not be able to get any benefit from there. Just look at the US business at present in Bangladesh. Walmart, Sears, JC Penny, GAP, Levi’s, Phillips Van Heussen, etc. all these businesses are being controlled from the business hub in India. Therefore, Indians are getting most of the benefits out of these US retailers.

Apart from these most of the US importers want to buy in a LDP (Landed Duty Paid). Bangladeshi exporters do not want to accept this payment system. It is true that they can go for secured payment under LC and shipping term FOB. But if we do not try to be competitive by accommodating customer’s term then we slowly lose the US market which consumes two-third of the world economy.

Bangladesh government and BGMEA must start negotiating with the US to qualify for FTA (Free Trade Agreement) and start preparing financial package so that our manufacturers can work under LDP/ Cash on Delivery as secured as FOB/ LC at sight.

Otherwise, there will still be an influx of US orders being controlled by Chinese and India importers. Those orders will have no price because most of the margins will be taken away by importers in their pocket.

Source: Textile Today.
https://www.textiletoday.com.bd/impact-trade-battle-us-china-apparel-industry/

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Textile Engineering / Re: CUPRO - What is Cupro ?
« on: July 21, 2018, 12:33:37 AM »
informative

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Textile Engineering / Re: Key Players in the Apparel Industry.
« on: June 14, 2018, 01:40:02 AM »
Thanks for sharing :)

10

    1.Strong government support to the entrepreneurs– it has been seen distinctively in recent times that the government is extending all sort of necessary supports to the industry owners. Some of those supports could be mentioned as a tax cut, continuing incentives, depreciating taka against USD, more and more apparel businessmen in the government etc.
    2.Huge private sector investments: despite turmoil in the banking sector, it has been seen that unprecedented amount of investment went to the textile and apparel sector of Bangladesh. Most of the renowned apparel makers are increasing their capacities very rapidly.
    3.Getting more close to the growth markets: A trend has been visible in recent times that, Bangladeshi manufacturers once getting bigger they have achieved the capacity to invest in their own marketing and so they are going closer to the markets and bringing more orders to them.
    4.Safety reputation: Because of the strong intervention of Accord and Alliance, Bangladesh has achieved a strong reputation on workers’ safety. Now the country is one of the safest apparel making countries in the world.
    5.Huge capacity, easier control on the supply chain: Bangladeshi companies have built unbelievable vertical capacity which is unique to China. Brands those who want to make their supply chain more transparent, they are shifting more orders to Bangladesh as if controlling the supply chain is easier here.
    6.A huge crowd of global brands: Any global retail brand selling apparel now considers Bangladesh if they want to open second overseas sourcing office after China. In Bangladesh, they get experts and suppliers to run their operations.
    7.Technology adoption, qualitative transformation: The country in recent times has adopted most sophisticated technologies for textile and apparel manufacturing. The achievement rate of quality and technical compliance is very high in Bangladesh.
    8.Power & gas supply is getting better: Even though the cost is increasing, the government now in the position to make the sure uninterrupted supply of power and gas to the industries.
    9.Human capital transformation: It is not only a slogan now. Even though the quality of education is still a question, but the country is producing a huge number of graduates every year in the area of textile and apparel. Such big influx of educated and trained youth is making the sector capable of taking any challenge forward. There has been a strong growth in professional level training as well.
    10.Green branding: Being the host of top 7 USBC LEED-certified green factories; Bangladesh has done a revolution in green investment in the garment This is the time for Bangladesh to capitalize on ‘Green’ branding by attracting the attention of global consumers and the brands.


Source: Textile Today

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Internet / Re: Uses of Internet in Education
« on: June 01, 2018, 01:01:26 PM »
Thanks for sharing

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Textile Engineering / Re: Elastane (Spandex): Uses and expansion
« on: June 01, 2018, 12:59:32 PM »
Thanks for sharing

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