ThreadSol, an Indian software provider, is eyeing the business potential of Bangladesh’s ready-made garment industry by providing its innovative solutions to help apparel-makers increase their efficiency by reducing material usage and production cost. “Bangladesh is now our main focus to expand our business with its growing garment industry,” Manasij Ganguli, founder and chief executive officer of ThreadSol, said in an interview with the FE on Thursday. Garment manufacturing is shifting from China ushering opportunity for the countries like Bangladesh, Vietnam and Cambodia, he said, adding that the production cost is still lower in Bangladesh than that of its rival countries. Even though Bangladesh is the second largest garment exporter in the world, the country unfortunately meets a larger share of fabric requirements through import as it is not a cotton producing country, he said. In the field of garment manufacturing, dealing with the waste of fabric is a major concern and the company has come up with a solution to deal with it, he explained. Fabric cost is about 60 to 70 per cent of the total production cost, Mr Ganguli said, adding that ThreadSol saves up to 10 per cent of fabric cost. “Our software helps garment manufacturers to estimate his or her fabric requirements accurately and buy exactly what is needed. No more, no less with least wastage.” The solutions help generate the most suitable and optimised cut plan from millions of possible combinations in just one click, he noted, adding that it helps save fabric, increase cutting room productivity and reduce wastage. Once a manufacturing unit takes the solutions, wastage comes down to less than one per cent, he added. IntelloBuy, accurate material estimation solution, saves 10 per cent material cost at buying stage reducing workload and saves millions of dollars of material costs. IntelloCut, automated service, saves 10 per cent material at production level, minimise wastage level and maximise utilisation and IntelloTrace is an intelligent production management solution for comprehensive tracking. The company headquartered in Singapore is currently operating in 12 countries including Bangladesh, China, Vietnam, Cambodia, Sri Lanka, Turkey and Egypt. It opened its office in Dhaka last year and Pacific Jeans, Fakir Apparels and Epic Group are among the 25 Bangladeshi garment factories and clients of ThreadSol that save up to 10 per cent of fabric. The annual turnover of the company that went into operation two years back is nearly US$ 3.0 million. Now the company has a total of 95 clients. “We are growing 300 per cent year-on-year and want reach $ 100 million turnover within next five to six years,” Mr Ganguli said. “Business should remain hungry for growth and that is why we are here,” he added. The visiting CEO of ThreadSol, which participated in the fifth edition of the two-day Bangladesh Denim Expo ended on Wednesday, said they got good response from the expo.
