Home / Knowledge / News / Apparel/Garments / RMG industry must undergo technology up-gradation
RMG industry must undergo technology up-gradation
22
May '10
The readymade garment (RMG) industry of Bangladesh should be equipped with modern machineries, to perk up the productivity and quality of its products to acquire a competitive stance in the international market, opined an economic analyst.

Fahmida Khatun, Additional Director of Centre for Policy Dialogue stated that, the country's RMG industry is the imperative industry that brings in foreign exchange into the country. Khatun delivered the above statement while addressing an award function, organized by knitwear machine supplier, MAG Group, to award four industries.

She was the keynote speaker at the event, wherein Shamrat Group, Minar Group, Islam Group and HR Textiles Ltd were awarded for their pioneering roles in the knitwear sector. Garment sector of the country has also played a vital role in removing poverty on a large scale through employment generation and has also improved the balance of payments situation.

The sector offers livelihood to around 2.2 million people including 80 percent women employees. The 'skills development fund' worth Tk 700 million announced in the national budget 2009-10, to impart training to the garment workers and to improve their efficiency, may be raised to Tk 1 billion in the coming budget, she said.

The sector garnered $3.36 million revenue through exports in the fiscal 1981, accounting to only 0.47 percent of the country's overall export earnings. While, in the fiscal 2009, the export earnings of the sector grew up to $12.34 billion, contributing 79.3 percent to the total export earnings.

Out of these 79.3 percent, knitwear sector contributed 41.3 percent and woven-wear accounted for 38 percent. Value-added knitwear apparels are witnessing an increase in demand with the changing international market. Companies with backward linkages are receiving more orders from Australian, European, American, and Japanese buyers, informed Khatun.

Buyers have now became quality conscious, as they show concern about environmentally hazardous chemicals as well as the capacity and quality of the machines. There is a need to introduce automated machines in the textile industries, facing labour dearth, to enhance efficiency and productivity for quick delivery of products.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 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

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

Yes No

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

Yes No

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


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



X