Bangladesh targets to catch Russia’s $50 billion clothing market

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Offline Md. Saiful Hoque

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Bangladeshi apparel exports to non-traditional markets are increasing day by day. Bangladesh has huge potential in the non-traditional markets. Russia, a non-traditional export destination for Bangladeshi garments, has a market of $52 billion in garments sector and recently Bangladesh has begun its zeal to take part in the market. As part of this, a fair will be held in Moscow from May 21-23 this year.

Bangladeshi garments and jute sector entrepreneurs will participate in the fair. Organization of owners and entrepreneurs of ready-made garment sector BGMEA, jute entrepreneur, BJMC and Jute Diversification Promotion Center (JPDC) will participate in the fair.

According to the Ministry of Textiles and Jute, the fair will be held at the Radisson Slavianskaya Hotel and business centre in Moscow. The Bangladesh Export Promotion Bureau and the Bangladesh Embassy of Moscow will organize the fair, which cost is around 10 million taka. The Export Promotion Bureau is carrying out its entirety.
State Minister of Textiles and Jute Mirza Azam said, “At present, Russia is a big market for jute and Readymade Garments. In the past, no initiative has been taken from Bangladesh to make this market place. We hope that through this fair, the people of Russia will be able to know about Bangladesh’s clothing and textiles.”

“And if you can catch the Russian market, it will be easy for Bangladesh to enter the market of other countries of the Commonwealth of Independent State (Commonwealth of Independent State),” he added.

According to the Ministry sources, the garments, jute and leather goods fair will be held in Tokyo, Japan right after the fair of Russia.

Parliamentary Committee on Textile and Jute Ministry’s Saber Hossain Chowdhury, Member of the Committee Munnujan Sufian and Secretary of the Ministry Faizur Rahman Chowdhury are going to Russia on 19 May. Besides, BGMEA, BJMC and JPDC officials are also going to take part in the fair.
Source: Textile Today
Department of TE,
Faculty of Engineering, DIU

Offline Kazi Rezwan Hossain

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Re: Bangladesh targets to catch Russia’s $50 billion clothing market
« Reply #1 on: May 17, 2018, 11:37:58 AM »
Thanks for sharing
Kazi Rezwan  Hossain
Department of Textile Engineering
Daffodil International University
cell- 01674169447