Bangladesh has awakened the interest of investors from Dubai.
The country seeks investments in skill development, human resource augmentation, power and energy sector capacity building, ICT, agro-processing and fisheries. Bangladesh wants to emerge as a hub for technological, trade, business and financial connectivity and is geared toward creating more fluidity in the business and investment sectors and streamlining bureaucratic hurdles.

The investors have sought longer visa approvals for business and support for acquiring land areas for developing industrial facilities. The business leaders also highlight the need for adopting better technology at comparatively lower cost profiles.

When it comes to investing in Bangladesh, there are complaints of bureaucratic hurdles – including the presumably lengthy renewal processes and the unavailability of smoother international payment systems – particularly in foreign exchange transactions.

Since the garment sector is growing very fast in Bangladesh, foreign investors choose the country as an investment destination in the textile sector. The available workforce at a reasonable wage, duty-free market access to major export destination, preferential location in the heart of the Asia-Pacific region and policy support have acted as a catalyst to attract foreign investment in the textile and apparel industry.

Bangladesh is seeking FDI from Singapore, India, Japan, China, Thailand and other countries.

As revealed in the latest Conference Board Global Consumer Confidence Survey, global consumer confidence in India is at peak. The survey, conducted in collaboration with Nielsen, polls more than 32,000 consumers in 64 countries across Asia-Pacific, Europe, Latin America, the Middle East, Africa and North America.

India had a Consumer Confidence Index (CCI) score of 133 in the fourth quarter of 2018 edging past the Philippines (131) and Indonesia (127). India maintained its number one position from the third quarter when it scored 130 on the index whereas Philippines and Indonesia were joint fourth in Q3 of 2018 with an identical score of 126.

South Korea has the most pessimistic consumers in the world. People there are worried about rising inflation, lower wage growth, a weak stock market, unemployment and global trade uncertainties.

Meanwhile, the Global Consumer Confidence Index increased one point to 107 in fourth quarter of 2018, the highest in 14 years.

The main indicators measured by Conference Board CCI are optimism towards job prospects, health of personal finances and spending intentions in the next 12 months.

In its first year of participation at the Yarn Expo Autumn 2018, Novetex has brought eye-catching booth decorations to the fair.

Novotex has been in business for 50 years, starting in Hong Kong with our spinning machines, and eventually moving to Macau and then China. The company is known for its spinning yarns, and every year it researches and develops new colors and qualities.

The US decision to withdraw GSP benefits will not have a significant impact on Indian exports to America.
India mainly exports raw materials and intermediate goods such as organic chemicals to the US.

The US decided to end the preferential trade status granted to India under the justification that India failed to assure America of equitable and reasonable access to its markets. Apparently the US is also unhappy with the recent tightening of foreign direct investment rules on e-commerce.

Removing India from the GSP program would not take effect for at least 60 days after notifications to Congress and the Indian government, and it will be enacted by a presidential proclamation. As many as 1,900 Indian products from sectors such as chemicals and engineering get duty free access to the US market under the GSP introduced in 1976.

India is the largest beneficiary of the United States’ GSP scheme, which is devised to promote exports of developing countries and which allows duty-free access to about 3,500 products.

Continuation of GSP benefits in fact is expected to help boost the competitiveness of American manufacturers too by lowering their costs. About two thirds of US imports under GSP are raw materials, components, or machinery and equipment used for manufacturing goods for domestic consumption or for exports.

Grasim India is buying Soktas India. This is currently a wholly-owned subsidiary of Soktas, based in Turkey, a producer and marketer of fabrics. At present, Soktas is in the business of manufacturing and distribution of premium cotton fabrics with its manufacturing facility in Maharashtra. The company posted a revenue and ebitda of Rs 186 crores(US$26.54million) and Rs 31 crores(US$4.42million) , respectively, for the fiscal ended March 2018. It sells premium fabrics in India under the Soktas, Giza House and Excellence by Soktas brands. The company is also a supplier to leading Indian and global menswear brands.

The acquisition is in line with Grasim’s business strategy to strengthen its presence in the premium fabric market. Grasim’s aim is to strengthen its leadership in the premium cotton and linen fabric market in India. Increasing disposable income, fashion and quality orientation of Indian consumers has resulted in an increase in the demand for premium fabric over the years. The company is known for its fabric brand Liva introduced in 2015.

Grasim, a part of Aditya Birla, is the world’s fourth largest pulp producer and one of India’s largest viscose staple fiber (VSF) producers. In India, the demand growth for VSF at eight per cent is higher than global demand growth.

Coats Global Services (CGS), received phenomenal response to its first series of Apparel Tech Up in Bangladesh . The event was held on February 26 and 28, 2019 in Dhaka and Chittagong respectively. It was attended by over 100+ top level stakeholders of the Bangladesh RMG industry. The seminar centered around the concept of data being the key for business success.

The event began with a note by David Berry, Director – Sales &Marketing for GSD, a part of CGS. He talked about the vision of CGS for the upcoming year. He elaborated on the intent of CGS to be a complete end to end manufacturing supply excellence solution provider. This was followed by a talk by Terry Broderick, global manufacturing & tech services leader, Kiabi. He talked about Kiabi’s perspective towards industry 4.0 and its 5 year growth strategy.

The event concluded with a panel discussion between Manasij Ganguli (CGS), Tram Anh Tran(Coats),. Mithu (Epyllion), Terry Broderick (Kiabi) and Dave Berry (CGS) to discuss the current challenges and opportunities for RMG manufacturer in terms of data.

E-commerce has revolutionised the retail sector in India and will play a major role in the country’s growth story going forward.
Driven by the growth in India’s retail market, the country’s GDP will also witness an increase and result in more job opportunities.

India is currently growing at over seven per cent and if the country has to grow at nine per cent then the e-commerce market will have to play a major role.

Traditional retail market and modern retail market (e-commerce) will co-exist in India even as consumer behavior is changing.

Given the strong retail and consumer outlook, India is expected to witness redefining trends in the consumer market which will shape the future of the retail industry. Further, as the internet penetration in the country increases and more international retailers start operating in India, the share of the organised retail market is expected to increase from 12 per cent in 2017 to about 25 per cent by 2021.

This will also be driven by the growth of the e-commerce market from 24 billion dollars in 2017 to 84 billion dollars in 2021. Increasing online shopping, smart phone use and internet penetration across semi-urban and rural segments would also help boost sales.

C.L.A.S.S will organise the third edition of “Rethinking Fashion Sustainability” conference at the Boston Consulting Group on March 7, 2019. The event will feature some of the most relevant initiatives undertaken by key opinion leaders in this field, including Zalando, The North Face, OVS and Caudalie.

Also, research from Politecnico di Milano will present the best practices for corporates to approach sustainability in a strategic way. C.L.A.S.S. CEO and founder Giusy Bettoni will share her expertise through the presentation "Integrate Sustainability into your brands" providing her expert insights on the integration of responsible innovation, circular economy within the textile and fashion sector.

Moreover, the results from the "Circularity Ideathon" developed by fashion and business students and coordinated by Milano Fashion Institute will be presented to give a flavour of the appetite of Millennials for a more sustainable fashion.

The UKFT British Textile Trends presentation will display fabric swatches from over 20 British companies, ranging from the finest luxury cashmeres and wools for tailoring, colorful tartans, tweeds, through to elegant silks and laces for eveningwear and occasion wear

The presentation will focus on new, innovative and exciting fabrics. Textile consultant Beryl Gibson will talk through the process of how these trends are developed. Attendees will also have the opportunity to find out more about the unique strengths of UK mills, as well as the diversity of fabric on offer. There will also be the chance to find out about exhibiting at Première Vision and grants which may be available to you.

Linda Laderman from Textile Forum will introduce the London Fabric Sourcing Show, which showcases luxury fashion fabrics with small minimums and both stock and short-order collections.

Bangladesh is likely to grow at a rate of 7.5 per cent in the ongoing fiscal year.
Domestic demand will be the main driver of this growth. Steps have been taken to ensure a fair wage and better working environment for workers in the readymade garment sector.

There are a number of challenges for the economy that can impact its growth in the short and long term. One is the high interest rate on bank loans, which is causing a massive capital flight from the country. Also, there is a possibility of global economic instability once Brexit gets implemented. This can have a negative impact on the country’s economy. In addition, the price of oil may increase further in the near future due to global economic unrest. At the same time, there are possibilities of job losses in the readymade garment sector due to technological changes, which may put the national economy at further risk.

But although the ongoing US-China trade war may have some negative impact on the economy, the country can benefit from this trade war by taking appropriate initiatives. Increased diversification of export items can increase Bangladesh’s share in the global trade. At the same time, the country needs to tap into the increased domestic demand to continue the growth momentum.