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BANGLADESH TO HAVE 26 MORE TEXTILE

INDUSTRIES






Bangladesh is one of the top country in the world which have the perfect and accurate raw
materials for garments and textiles, i.e., Jute.

This country has the principal source of foreign exchange earnings is the Export of textiles
and garments.
Bangladeshs largest employment sector is Agriculture and Domestic consumption. In 2002,
by the exports of different clothing, textiles and ready made garments, Bangladesh
accounted for 77% total merchandise exports.
As per the research, by 2013, around 4 million people, mostly women, worked in
Bangladeshs different textile, garments and ready-made garments companies.


Bangladesh is the Second only country in the world (First is China), and the worlds Second
largest apparel exporter. 60% of Bangladeshs export contacts of western brands are
European buyers and 40% are American buyers.



DIVA'NI-OPEN STORE
State Ministers Decision to have 23
textile institutes:


In Bangladesh, only 5% of textile industries are owned
by different foreign investors.

But most of the production in these companies are
controlled by the local investors.

In present Bangladesh have total 40 existing vocational
textile industries, where a billion of workers get
employment every year.

MANYAVAR INAUGURATES IT'S 341ST STORE
EFFECT OF THE DECISION



After this huge decision, the state minister, Mr. Azam said that this would be a great profit
to the country. Bangladesh earns a lions share of foreign exchange for the country. After
the establishment of these 23 additional vocational textile industries with the 40 existing
industries, the exports of garments, textiles and ready made garments would be double in
next five years.


Economic Growth


In a survey of Export Promotion Bureau (EPB), on July-April 2013, the garment exports from
Bangladesh is increased by 15.39 percent to the US Dollar 19.97 billion.

Bangladesh has done exports of $ 17.307 billion during the corresponding period of the
previous fiscal year.

In last fiscal year 2012-13, Bangladesh was exported $ 11.039 billion worth of woven garments.
The worth of knitwear exported was $ 10.475 billion.


This huge step by the Bangladesh Government would take the countrys economic status in a high
position. In the coming future, Bangladesh may be the no. 1 and the largest garment exporter in the
world.

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