Chinese garment factories may shift to Bangladesh

by Textile Quotient News Desk
2 Jun 2019

According to BGMEA (Bangladesh Garment Manufacturers and Exporters Association), a few Chinese garment companies want to set up factories under joint venture in Bangladesh as they see the country as a competitive destination to relocate plants amid raging US-China trade war and the rising cost in the world’s second largest economy.

Chinese textile and garment industry owners have invested heavily in neighbouring Vietnam and Cambodia in the last two decades, but now they are focusing to shift their factories to Myanmar and Bangladesh.

The reasons for the change in focus include a lack of skilled workforce in Chinese textile and garment industry, rising cost of production, shifting industrial base to industries such as IT and over-investment in Vietnam and Cambodia where labour costs are lower.

Bangladesh China News

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