Garments Buying House in Bangladesh

Garments buying house or export house works as intermediaries between the buyer and the manufacturer. Buying house procures garments from manufacturers and exports them to other countries. Garment merchandisers are key persons in buying houses. Buying house procures garments from manufacturers and exports them to other countries. Garment merchandisers are key persons in buying houses. The primary function of a buying house is to source garments and textiles from local manufacturers and supply them to international buyers.

Buying houses plays an important role in the growth and development of the Bangladesh garment industry. They help to connect local manufacturers with global markets, thereby increasing the exports of garments and textiles from Bangladesh. Many international retailers and brands have set up their own buying offices in Bangladesh, while others work with independent buying houses.

The services provided by a Garments buying house in Bangladesh typically include product development, design support, quality control, and logistics management. They handle the entire process of sourcing, production, and shipment of garments to ensure that the final products meet the standards and specifications of the buyers. In addition, buying houses also helps to negotiate prices and terms of payment, as well as handle all the documentation related to export.

Garments buying houses plays a crucial role in the Bangladesh economy, as the country’s garment industry is one of the major sources of foreign exchange earnings. By connecting local manufacturers with global markets, buying houses help to create employment opportunities and contributes to the overall economic growth of Bangladesh.

Garments Buying House in Bangladesh

Buying houses in Bangladesh plays an important role in the country’s economy as they are one of the major sources of foreign exchange earnings. The Bangladesh garment industry has grown significantly in recent years and buying houses has been instrumental in facilitating this growth by connecting local manufacturers with global markets.

Many international retailers and brands have set up their own buying offices in Bangladesh, while others work with independent buying houses. Some well-known buying houses in Bangladesh include Noman Group, BEXIMCO, and Envoy Textiles.

According to BGMEA,
The readymade garments industry acts as a catalyst for the development of Bangladesh. The “Made in Bangladesh” tag has also brought glory for the country, making it a prestigious brand across the globe. Bangladesh, which was once termed by cynics a “bottomless basket” has now become a “basket full of wonders.” The country with its limited resources has been maintaining 6% annual average GDP growth rate and has brought about remarkable social and human development.

After the independence in 1971, Bangladesh was one of poorest countries in the world. No major industries were developed in Bangladesh, when it was known as East Pakistan, due to discriminatory attitude and policies of the government of the then West Pakistan. So, rebuilding the war-ravaged country with limited resources appeared to be the biggest challenge.

The industry that has been making crucial contribution to rebuilding the country and its economy is none other than the readymade garment (RMG) industry which is now the single biggest export earner for Bangladesh. The sector accounts for 83% of total export earnings of the country.

In addition to sourcing and supplying garments, buying houses in Bangladesh also provide services such as product development, design support, and quality control to ensure that the final products meet the standards and specifications of the buyers. They also help to negotiate prices and terms of payment, as well as handle all the logistics and documentation related to export.

Role of Garments Buying House in Apparel Business

A garments-buying house plays an important role in the apparel business as a liaison between the manufacturers and the buyers. The main responsibilities of a garments-buying house include:

Sourcing and procurement: They identify and select reliable and cost-effective manufacturers to produce the products desired by the buyers.
Product development: They assist buyers in developing new product designs, providing technical support, and ensuring quality standards are met.
Sampling and production management: They coordinate with the manufacturers to ensure that samples are produced and approved on time and that the production process runs smoothly.
Cost negotiation: They negotiate prices with the manufacturers on behalf of the buyers to ensure that the best possible deal is reached.
Quality control: They monitor the products’ quality to ensure that they meet the required standards and specifications.
Shipping and logistics: They arrange for the shipment of goods from the manufacturer to the buyer, ensuring that the delivery is made on time and in good condition.
Documentation: They handle all the necessary documentation, including invoicing, packing lists, and shipping documents, to ensure a smooth and hassle-free transaction.