For penny-pinching, Bangladesh still reigns supreme

With knitwear exports of over US$2 billion (HK$15.5 billion) a year, India’s garment manufacturing hub Tirupur has earned the nickname “Dollar City,” but its allure for price-conscious global retailers obsessed by discounts of as little as one US cent pales before Bangladesh.

Indian and Southeast Asian apparel manufacturers had hoped the orders would come flooding in, after the deadly collapse of a Bangladesh garment factory complex this year galvanised global brands such as Hennes & Mauritz (H&M) to consider relocating production.

via Business feed http://www.scmp.com/business/companies/article/1279530/penny-pinching-bangladesh-still-reigns-supreme