The 23rd edition of the Sowtex Network presents Textile Sourcing Meet took place in Dhaka at the International Convention City Bashundhara (ICCB). Fostering business, culture, and international collaborations was the main goal of the two-day 2nd edition of that expo.
Mohammad Hatem, Executive President of the BKMEA, and Kazi Iftequer Hossain, President of the Bangladesh Garment Buying House Association (BGBA), both attended the expo’s opening.
The principal guest at the expo was Faruque Hasan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), who secured senior management participation to hit the 100 billion dollar export objective by 2030.
The 23rd Textile Sourcing Meet provided a fantastic opportunity for Bangladeshi and Indian fabric suppliers. Indian fabric suppliers with a very advantageous pricing range were present at the show. a kind of fabrication, particularly using synthetic and recycled fabrics. Quality georgette, jacquard, upcycled, and man-made fabrics are supplied by India.Mohammad Hatem, Executive President of BKMEA, Kazi Iftequer Hossain, President of BGBA, Kamal Uddin, Chairman-standing committee on Trade Fair, BGMEA, Velkrishna, Vice Chairman TNFMA, and Engineer Nasir Uddin participated in the second session, “Unlimited Possibilities-Leveraging Indo-Bangladesh Textile Trade.” Shovon Islam, Chairman – Press and Publicity of BGMEA, served as the session’s moderator and was joined by Mia, MD of One Composite. That engaging discussion successfully sorted issues to foster successful trade between the two counties.Bangladesh has set a goal to reach a 100 billion dollar export margin by 2030, according to Mohammad Hatem. We must diversify our offerings, particularly in terms of fabric and design, to meet this goal. Unhealthy competition exists. in the local market in terms of cost. One of the clients reportedly offered 70 cents less per garment, and one of our exporters enthusiastically concurred! You are all aware of the difficult circumstances surrounding the conflict between Russia and Ukraine. The cost of manufacture is substantially more than ever, and accessories and other items are expensive. But the situation is being ruined by our unhealthy competition. To stop this unhealthy competition, BGMEA must take action.
“Although the global textile business is increasingly focusing on synthetic fibres, cotton still dominates the market. Therefore, we need to find more man-made materials and take orders for them. Then perhaps we can meet our 2030 goal, he continued.
“Also, Our customers are worried about safeguarding the supply chain, circularity, and traceability. We must also make sure of that. India can help us attain our aim, he continued.
Shovon Islam claimed that since Bangladesh’s government allowed 4 land ports for India to import and export goods via, producers could satisfy lead times by getting fabric from India.The opening of 4 land ports in such a short period of time is one indication that the Prime Minister’s office of Bangladesh is making more efforts to ease the way for Bangladeshi manufacturers.
Bangladesh is a known brand that already sells the highest calibre clothing in Europe and America. India, in contrast to Bangladesh, has not yet made a reputation for itself in the European and American markets.
thus, Indian textiles Suppliers can work with Bangladeshi manufacturers via this platform because they lack the necessary skilled labour and corporate environment. According to Shovon Islam, Bangladesh boasts 8 LEED-certified green factories in the top 10 green factories worldwide.
Architect Nasir Uddin In order for Bangladeshi producers to compete on the international market, Mia further stated, our customers need to see new fabrics every day.
Bangladesh, which has a strong speciality in knitted fabric, is another source for higher quality knits that India can acquire.He then made an offer to the present Indian suppliers to work with Bangladesh and cooperate to make the company more viable.
Since we are looking for materials with a short lead time and high quality, Indian value-added fabric can generate significant demand in the Bangladeshi market. hold a very competitive pricing as well,” he continued.
Sonil Jain, the CEO and co-founder of Sowtex Network, spoke with Textile Today about his expectations and ideas for the 23rd annual Textile Sourcing Meet. “Our main goal is to strengthen relations and trust between the two nations,” he declared. We have imported very specialised and important suppliers from India. In terms of quality and delivery, we excel. It appears that we must ensure that these individuals can comprehend Bangladeshi culture with regard to sourcing and purchasing.
Additionally, we want Bangladeshi manufacturers to come to India to see our innovations and the items we are producing, particularly in the area of man-made fibre.
“Also, he anticipated that in the In the next five to ten years, there will be a lot of collaborations between India and Bangladesh, and technology will play a significant role in how you reach out to Indian suppliers, how to map their qualities, how to pick the right suppliers, who the right buyer is, how the payment system is going to flow, and how the trust and relationship is going to build, he added.
The final session focused on ways to strengthen bilateral business partnerships and trust. The session included topics such as lead time, quality price, man-made fibre, and additional business options. The course also discusses the possibilities, application, and outcomes of ERP software.
At the 23rd Textile Sourcing Meet, Faid Ad Bangladesh from Bangladesh participated as an exhibitor. Sabia “It’s a great experience coming here where we can directly communicate with buyers from different destinations,” said Sharmin, Fair Ad Bangladesh’s deputy chief executive. From here, we can promote our goods, offer our business insights, and establish a solid network. To provide a forum for both merchants and buyers, these expos must be repeated by the organisers. Many opportunities may arise as a result of an expo.
According to Md. Hasanuzzaman Jibon, a fabric sourcing specialist for Groyyo, such expos are highly beneficial for enhancing the supplier list and developing a sense of fabrication and price. He went to the exhibition to find recycled and synthetic fibre.
The Expo’s second day, May 21, focused primarily on business. One to A Sourcing Conclave was organised, and suppliers from India and notable Bangladeshi businesses exchanged information about their goods.Several well-known Bangladeshi companies attended the meeting, including Khantex Fashions, Giant Group, Synergies Sourcing Ltd, Dongyi Sourcing Ltd, Sparkling Sourcing Ltd, and others.
Among the Indian companies displaying their goods were Pallavaa Group, Texperts Indian pvt ltd, Raj Textiles, Aditya Exportz, Bindal Exports Limited, Vijay, and others.
These organisations’ technical experts, merchandisers, and procurement specialists were displaying their goods and assessing potential opportunities in one-on-one conversations. In order to increase networking and make the business talk more goal-oriented, this session was split into two halves.
Raj Textile from India spoke with Textile Today about their expertise. One of their management experts remarked, “The different For suppliers like them, the LC system can be challenging at times. And by offering some extremely cheap cloth, they are making every effort to be more competitive. However, there are still issues with quality and cost that need to be addressed.
Atul Arya, President, Pashupati Group, Shafiqur Rahman, Managing Director, Dongyi Sourcing Ltd., Mofazzai Hosen Pavel, MD, Rasik Vatika Clothing Pvt. Ltd., and Shefali Tripathi, Director, Career Genii Consulting Pvt. Ltd. were present during the final session of day 2 titled “Advantage India – Best Sourcing Partner for Textile.”
These days, price competitiveness and lead-time are two key factors in determining if a business will be profitable. Chinese vendors should not be as price-competitive as Indian suppliers.
Two-day Textile Sourcing Workshop Meet was a very successful expo. Organizers are hopeful to repeat the expo at regular intervals. Different companies and their professionals made the expo result oriented and more successful. The supply chain of Bangladesh is going to experience something new in its history.
