Home / Knowledge / News / Apparel/Garments / Bangladesh expects apparel exports to grow in FY13
Bangladesh expects apparel exports to grow in FY13
09
Jul '12
The Government of Bangladesh has released its targets for apparel exports in the current fiscal year 2012-13 that began on July 1, 2012.
 
The Government has projected the country’s knitwear exports to increase at 11 percent year-on-year, while that of woven garments at 11.50 percent y-o-y, and that of jute and jute products at 9.62 percent y-o-y.
 
The overall export target for the current fiscal year has been fixed by the Bangladesh Government at US$ 28 billion, which would be a rise of 11 percent over the total export earnings in 2011-12.
 
During last fiscal that ended on June 30, 2012, Bangladesh’s total export earnings are expected to reach US$ 24.41 billion, growing at a rate of 6.50 percent year-on-year. However, it would be around 7-8 percent less than the earlier projected earnings of US$ 26.50 billion.
 
In fiscal 2009-10, when other SAARC countries such as Pakistan, Sri Lanka and India posted negative growth owing to global economic slump, Bangladesh’s exports grew by 4 percent year-on-year.
 
In 2010-11, Bangladesh registered huge 41.47percent growth in its exports, mainly driven by the readymade garment sector, which accounts for about 80 percent of the country’s overall exports.
 
Last fiscal, too, Bangladesh’s earnings from exports of knitwear, woven apparels and home textiles is believed to have grown over the previous year, but the final data is yet to be released.
 
The Government said the export target for the current fiscal was fixed after considering all aspects, including the current recessionary trends, the prevailing exchange rate, the national policies as outlined in the Budget, the intense competition in the global market, and the rising cost of production.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search