JC Penney

 A Bangladeshi man cries for a missing relative, believed to have died in the collapse of the Rana Plaza factory complex rubble in April. Photo: AFP

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.