M&S raising Garments import more then $1b from Bangladesh:

The chief executive officer of British retailer Marks and Spencer, Steve Rowe, said that the company would increase its procurement volume from Bangladesh. ‘Bangladesh continues to progress and its facilities, skills and the development we discussed today in terms of infrastructure, there are further opportunities to grow our business here,’ said the visiting CEO of M&S at a press conference held at the Westin Hotel in Dhaka. He said that the company had a plan to increase its import to $1 billion from the existing $800 million from Bangladesh. Steve made the statement at the press conference following a meeting of an M&S delegation with Bangladesh Garment Manufacturers and Exporters Association leaders. Federation of Bangladesh Chambers of Commerce and Industry president Shafiul Islam Mohiuddin, BGMEA president Md Siddiqur Rahman and its vice-president Mohammed Nasir were present, among others, in the meeting. The M&S delegation that included its chairman Archie Norman, managing director Jill Mcdonald, sourcing director Mark Lindsey and country manager Shwapna Bhowmick visited some factories including four green units located in Dhaka and adjacent areas. The M&S CEO termed the factories world class and suggested addressing infrastructure challenges in other factories. Shwapna Bhowmick said currently the company was procuring products from some 79 factories and they had targeted to raise their import figure to $1 billion.


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