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In the nation, there are more than 50 eco-friendly apparel production plants. Some of the most well-known clothing manufacturers in the world are based in this country, and they work with well-known retailers, including Gap, H&M, Adidas, Puma, Nike, and JCPenney.
Buying houses in the apparel industry act as intermediaries between manufacturers and retailers, streamlining sourcing, quality assurance, and logistics. They enhance efficiency, reduce costs, and ensure high-quality products, playing a vital role in global garment supply chains.
After China, Bangladesh exports the second-highest volume of readymade clothing (RMG). RMG contributes to over 81% of the company’s export revenue. The textile and apparel sector accounts for Bangladesh’s GDP of 20%.
The clothing buying agency may work as an independent entity that deals with several retailers, brands, and buyers. On the other hand, some companies have their regional buying offices for sourcing purposes. Essentially a buying house acts as a trade partner between the producer and the buyer.
At the 14th Intex Bangladesh 2024, Textile Network bridged global connections, showcasing innovation and sustainability in the textile industry.
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