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Speaking of the obstacles had faced a tough time when the GSP+ was taken off and they had to compete in the European market. To overcome this challenge a factory was established in Bangladesh once it received the duty-free status.
“When we lost the tax reductions the gaps widened and we focused on the US market during this time. Since then our factories have reached and $55 million turnover and we are targeting to achieve a turnover of $100 million within the next three years,” Lakhany stated.
Hela Clothing is also looking to expand their supply chain to China as they have duty-free status. But it is hard to achieve as China has very high testing standards when it comes to apparel industry.