Country to export $1 billion RMG to
Japan in 2 yearsTrends show that Bangladesh will
be able to export apparel items worth about $1.0 billion to
Japan in the next two years, said a Japanese business tycoon, in
Dhaka in connection with the biggest knitwear exposition held
every year.
Hiroshi Okada, President of Japan Textile Products Quality
and Technology Centre (QTEC), said Japanese lab testing and
quality inspection companies are visiting Bangladesh to survey
investment potential, as there is a strong presence of Japanese
apparel buyers.
The QTEC will start operations in Dhaka from February 1 2010,
Okada said in an interview on the sidelines of the 5th Knitexpo
at Dhaka Sheraton Hotel.
At present, at least 20 Japanese companies are in Dhaka to
procure Bangladesh made apparel, but lab test and quality
inspection is important to Japanese buyers, as Japanese
customers are highly quality-conscious. After conducting a
market study, he said, it now takes a lot of time to complete
lab tests and inspect quality for the Japanese market, as
Japanese buyers test all apparel pieces, instead of following a
sampling method. Local manufacturers have to send fabrics to
Hong Kong or other important destinations to test results, as
there are no such facilities in Bangladesh to meet Japanese
quality standards.
Japan is the latest avenue for Bangladeshi exports as a large
number of Japanese customers are coming to Bangladesh after the
Japanese government announced the China+1 Campaign. As a result,
Japanese started relocating their factories in different
countries, including Bangladesh.
BKMEA President Fazlul Hoque said the largest Japanese retail
chain Uniqlo invested $70 million in Bangladesh and they target
purchase of apparel items in large huge volumes.
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