Indian companies are seeking better opportunities in Bangladesh. Bangladesh’s economic dependency on apparel exports is the major reason that attracts many companies to Bangladesh. For instance, there is scope for exporters in Bangladesh to explore possibilities in embroidery.
Garment manufacturers in Bangladesh have faith in Indian products and in some cases have given priority to Indian companies compared to Chinese. Though there are already technology suppliers in Bangladesh, Indian companies are confident of success due to various reasons like quality product, service, and customized solutions. This is especially true of companies which are into trims or allied products like self-adhesive tapes, self-adhesive labels, holograms, barcodes etc.
GTN Industries, based in Hyderabad, has been in Bangladesh for more than 10 years and is working with top clients. The company supplies high-quality yarns like premium 100 per cent supima cotton and more. Out of its total production, the company sends around 20 per cent to Bangladesh. For the last two years, the company has been focusing on mercerised yarn in Bangladesh and thinks this market will grow in future.
Cheran Machines, based in Coimbatore, a manufacturer, supplier and exporter of garment and textile printing machineries, is also focusing on Bangladesh market.