Bangladesh is one of the leading cloth and apparel manufacturers in the world right now, second only to China. At the rate it’s growing, it will soon soon close that gap and take the number one spot. That by itself is a good enough reason to shift your apparel production to Bangladesh. But today, we’re going to give you seven more reasons to why you have got to start manufacturing your apparel in Bangladesh.
Number 1: It’s Cheap!
What may cost $12 to make in North America, will only cost you around $2-$3 in Bangladesh, with the same quality, if not better! Because of their low labour costs, low rent and overhead costs, and thousands of competitive factories, Bangladesh can manufacture high quality products at extremely low prices.
Number 2: Flexibility with Orders
Bangladesh has thousands of factories, big and small, and new ones are popping up every other day. So whether you are a big brand with large orders, or a little one in need of smaller quantities, there’s a factory just for you that can cater to your MOQ needs. In Bangladesh, you’ll find no difficulties in sourcing the right factory for you.
Number 3: LDC Free Trade Benefits
Being a developing nation, Bangladesh can advantage of LDC trade benefits from many countries all around the world. Meaning that these countries get to import manufactured clothing completely tariff and quota free. As if the clothes weren’t cheaper enough, many countries don’t even have to incur any tax costs.
Number 4: Around 80% of the Workers are Women
The Garments Industry of Bangladesh employs millions of women, allowing poor women with little to no education the opportunity to provide for themselves and their family. As the women are trained on the job, there is basically no skill requirement.