Description: Germany-based industrial sewing and embroidery thread manufacturer AMANN Group plans to expand its factory operations and make fresh investments in Bangladesh, the company’s Chief Executive Officer Markus Nicolaus said at a meeting with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) leaders in Dhaka. Mahmud said Bangladesh’s apparel sector was recovering after a slowdown in exports earlier this year caused by global economic uncertainty. “Bangladesh’s readymade garment industry is now going through a major transformation. We are putting strong emphasis on product diversification. But our current goal is not only to increase export volume, but also to produce higher-value garments,” he said. He said AMANN Group could support Bangladesh’s apparel sector not only as a thread supplier but also as a strategic business partner. Mahmud said many reputed German brands were still not sourcing from Bangladesh and requested AMANN to present Bangladesh’s transformed apparel industry and production capacity to those brands. Read More
Category: Style & Fashion
Tag: Clothing Industry Updates