Home / Knowledge / News / Apparel/Garments / RMG exports show signs of revival
RMG exports show signs of revival
20
Apr '10
Overseas sales of garment and other textile products show signs of revival as single month shipment in February increased by 8 percent over the same period last year.

According to Export Promotion Bureau (EPB) statistics, overseas sales in January increased by 3.49 percent, however it declined by 1.29 percent in December of the current fiscal year. Also, overseas sales in February of fiscal 2009-10 earned $1.31 billion, up from $1.21 billion in the same month last year.

However, fears of the country failing to achieve the full-year target sunk in when the overall overseas sales in the first eight months of the current financial year declined by 3.21 percent. In the first eight months, overseas sales by Bangladesh stood at $10.02 billion in contrast to $10.35 billion, in the same period, last fiscal.

According to industry experts, incessant power crisis hindered the manufacturing sector from filling their orders on time. At times they would send the consignment by air at much higher rates, to ensure timely delivery.

Members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have blamed power crisis as a key factor hindering growth in exports. They say that, the garment manufacturers don't require power for 24 hours, but, their demand is for uninterrupted power for atleast 8-10 hours each day, so as to help them sustain their already established overseas sales markets.

Due to incessant dearth in power supply, losses are piling up leading to factories lying redundant for long. According to experts, overseas sales of garments account for 80 percent of the overall export earnings, but they were in a downturn in the July-February period of the current fiscal year, excepting for October.

Despite witnessing an increase in the overall overseas sales of garments in February, both woven apparel and knitwear products were below the productive line for the said month, say experts from the Bangladesh Knitwear Manufacturers and Exporters Association.

During the July-February period, woven apparel exports fell by 5.34 percent to $3.71 billion, whereas knitwear exports reduced by 5.75 percent to $4.02 billion.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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