Japan firm seeks to buy $600m RMG
One of the largest Japanese retail chains, Uniqlo, sought to purchase readymade garment (RMG) products worth more than $600 million from Bangladesh in 2009, said a top official of the company.
"Uniqlo purchases RMG products worth $3 billion from different countries a year," said Akhteruzzaman, managing director of Pacific Quality Control Centre Bangladesh Limited, the local quality inspection agent for the company.
Bangladeshi products will take up 20 percent of $3 billion in the company's total purchases from different countries in 2009.
He said Uniqlo started its liaison office in Dhaka in September last year although the company had previously outsourced RMG products from an operational office.
"Uniqlo is conscious about quality and standards and has operations in 30 countries," Akhteruzzaman said.
Uniqlo started operations in June 1984 and purchases trousers, shirts, cargo pants and knitwear products from Bangladesh and other countries of the world.
Uniqlo has a network of over 750 stores in Japan and is currently looking to boost the brand's appeal through the development of more large-format stores, the official said.
Meanwhile, Bangladesh exported woven items worth $20.801 million and knitwear items worth $7.234 million to Japan in fiscal 2007-08, the Export Promotion Bureau data said.
Bangladesh exported RMG products worth $10.70 billion in fiscal 2007-08 and now aims to export RMG (woven and knitwear) worth $12.267 billion in fiscal 2008-09.
[email protected]
Comments