|No one can ignore the potential of the retail market in India. It is a huge market that is still unexplored and with Tier-2 and Tier-3 now joining the retail landscape, the size of the market is mind-blowing… In fact it is not only the size of the market, but also many other factors that make the Indian market more attractive for Bangladesh manufacturers.|
|Today, the two countries that are looked upon as alternate markets to the West are China and India. “Why would I want to struggle to establish business in a country like China where everything is a challenge – from language to food habits to the way business is conducted. Working with Indian retailers would be more satisfying and with retail getting better organised, the issues that were previously a deterrent, no longer exist,” reiterates Director of Mahmud Group, Gazi Mahbubul Alam.|
|Many of the manufacturers working for India don’t have to make any special effort as their regular buyers directly source the total requirement and ship out directly to the individual countries. “Sometimes a product reaches India even before it can reach the shelves in Europe,” says Humayun Rashid, MD, Energypac Fashions Limited. The company is making suits and formal jackets for M&S which is directly being sent to the individual markets including India.|
|It’s not only the business practices which play to one’s advantage, sharing common boundaries makes client servicing an even easier proposition from Bangladesh’s perspective. “If any discussion is required, it is so easy to fly over and sort it out directly. After all, most Bangladeshis are comfortable travelling to India on regular holidays and even shopping,” agrees Sayed Tanvir, Director, Pacific Jeans, one of the largest exporters from Bangladesh. His views are shared by many manufacturers in the country.|
|Given the size and diversity of the Indian fashion retail market, there’s no better option than building new tie-ups with suppliers from the established manufacturing destinations of Bangladesh, Vietnam and China. Flexible, price-competitive and committed as they are, manufacturers from these Asian manufacturing strongholds are the best bet to meet the demands of the rapidly growing fashion retail, which is set to touch a whopping US $ 115 billion by 2025.|
|The first-of-its-kind in India, Apparel Sourcing Week 2019 from the house of Apparel Resources, brings a unique and wide mix of manufacturers from Bangladesh, Vietnam and China with their equally diverse product portfolios under a single roof to make sourcing more exciting and dynamic for you.|
|The two-day sourcing extravaganza (on 15 and 16 March, 2019) in Bengaluru has already received huge response from the retailers and brands. With just a few more slots left and booking closing on 15 December 2018, hope you have ensured your participation already!|
|Look forward to seeing you in Bangalore…|
Apparel Sourcing Week 2020, a three-day Sourcing Show not only provides the Asian manufacturers a platform to showcase their products & manufacturing capabilities to the Brands & Retailers from all over the world including India, but also extends them a chance to attend the multiple seminars (headed by industry experts), workshops, open-house discussions and networking opportunities organised during these three days, which would help the manufacturers get a better understanding of Indian and International Retail and evolving dynamics of sourcing in various markets and retail formats.
Apparel Resources is well known for its benchmark publications – Apparel Online, StitchWorld and Resource Guide published from India, Bangladesh & Vietnam. These publications have been around in the industry for over 35 years, supporting, guiding and standing by garment exporters and the retail industry globally, providing them a platform to source better.