Japan-based business conglomerate Toray International Inc (Toray Group) is increasing its apparel sourcing from Bangladesh, and now it is looking for joint ventures in the manufacturing sector, with the company placing more orders in Bangladesh.
This global textile company, which has a turnover of more than US$ 5 billion, has increased its sourcing by 55-60 per cent annually from Bangladesh. As of now, its annual sourcing from Bangladesh is to the tune of around US$ 100 million, while globally it buys US$ 1.5 billion. Major portions of its buying takes places from China and the rest are from Vietnam, Myanmar. Recently it started sourcing from Ethiopia as well.
Also Read - Toray reports an increase of 17.1 per cent in first half sales
While speaking to Apparel Resources, Mahmudur Rahman Mamun, Country Manager, Toray International, Bangladesh Liaison Office, said, “The market is good, and we
The post AR Exclusive: Toray looking for joint ventures in Bangladesh appeared first on Apparel Resources