Virtual market: Garment exports worth $50 crore USD

By 2027, the United States, the European Union (EU) and Africa could be confirmed to set a price tag of about $500 million for virtual earth lamps. But to take advantage of the opportunity, you need to create an international e-commerce platform.

The plan to set up a virtual place platform for clothing can be such information. The research on the use of BGMEA made by various garment industry companies is its organization Lightaca Nurses. International Finance Corporation (IFC) Partnership for Cleaner Textiles (Pact II) Plast of Village Financial Assistance.

At the meeting, BMA Biplob Farah Hasanuk said that the brand network had to be done to work successfully in four environmental garments. We want to change that. We want to brand ourselves. And the digital platform can be one of our strategic entry points. Scene North collected this research report on Thursday at MIA Comics Lacya Norcel Officer Foreigner.

He said that by 2026, the virtual market for readymade garments in the United States, European Union (EU) and Africa will stand at 308 billion US dollars. And by 2027, one-third of the US and EU market apparel supply will be moved online.

According to the report, by 2027, only 20 percent of the virtual apparel market in the United States, 10 percent in the EU and 75 percent in Africa can be priced at $489 million. Which is like 5 thousand 379 crore crore according to the current change rate of the currency.

Light’s report talks twice about virtual business and business-to-consumer business. It is said that the expansion of business through virtual will lead to new markets and building gatherings. Party business will grow.

BME Corps said that during the regular business operations, the cancellation of garment orders and the virtual marketing of the market were virtual, the review conducted at the centre shows that progressive statements and customs regulations are not the case with the virtual market. There are a number of regulations in particular, and customs regulations need to be amended. But virtue is a new thing for the market, so some parts need some need and caution, team identification and attack action need to be taken. You have to research for a long time for a whole short period of time.

“In the outgoing year (2023), our garment exports added $47.38 billion. Our share in global preparedness year-on-year was 7.87 percent. Hopefully, we will be able to take this share to 12 percent in 203 months. If the brother wants to make a new one and take effective steps to put it on. ‘

“Product timing is more important than ever,” he said. The ship rental is gone. Suffering suffered. Most of our garment exports are on freight onboard or FOB. These ships are rented by foreign processors. As a result, the pressure is more on them.