Export

Infusing $18bn To Help Bangla MMF Apparel Exports Touch $42bn

Textile Insights March 4, 2024

The Bangladesh garment industry has the potential to boost its non-cotton or manmade fibre (MMF) apparel exports to US $42 billion by 2032 at an additional investment of $18 billion. This was revealed in a study conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Industry

Bangladesh Textile Sector Attracts Nil Investment In 2023

Textile Insights January 30, 2024

The Bangladesh textile industry did not witness any new investments in 2023 due to various internal and external forces, which include a severe shortage of energy and a global economic slowdown. This was informed by Bangladesh Textile Mills Association (BTMA) President Mohammad Ali Khokon at a press conference held on the eve of DTG 2024 […]

Industry

Bangladesh Seeks Chinese Investment In Yarn & Fabric Sector

Textile Insights January 24, 2024

The Bangladesh garment industry has sought China’s investment in textile backward linkage industries in Bangladesh that would benefit both sides. A delegation of the China Knitting Industrial Association and the China Cotton Textile Association met representatives of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently. The discussions

Industry

Bangladesh Textile Mills Urge Govt To Mandate 70% Use Of Local Yarn

Textile Insights January 4, 2024

Bangladesh textile mills have urged their government to make it mandatory for fabrics and apparel manufacturers to buy cotton yarn from domestic mills due to the ongoing foreign exchange crisis. In a letter the Bangladesh Textile Mills Association (BTMA) said that if garments are manufactured with domestic yarn, then the value addition is 65 percent, […]

Industry

Investments In Bangladesh Textile Sector Almost Dry Up In 2023

Textile Insights January 2, 2024

Investments in the Bangladesh textile industry which is worth around $25 billion, almost dried up in 2023 as nor were new textile mills set up nor did any start operations. Only a Narsingdi based spinning mill said it would invest Tk 700 crore to manufacture cotton and MMF yarn, but even that plant will be […]