Home / Knowledge / News / Apparel/Garments / RMG producers eye on recovering figures
RMG producers eye on recovering figures
04
Jun '10
Although, garment exports reduced to $9.96 billion during the first 10 months from $10.3 billion in the corresponding period, last year, garment producers are still hoping to bounce back, during the remaining two months of the outgoing financial year.

As per Export Promotion Bureau's reports, exports of apparels, which is Bangladesh's major foreign exchange revenue generator, contributing to the country's net exports, registered 76.96 percent during the period, July-April 2009-10. Of this, 39.59 percent is contributed by knitwear and 37.36 percent is contributed by woven garments and about $13 billion is the earning generated from the total exports.

However, during the same period in the fiscal, 2008-09, apparel sector's contribution was 79.07 percent. Even the state-operated promotional agency informed that exports of apparels displayed a negative growth during the period, under consideration, of the current financial year, excepting for October, March and April. But this negative growth is attributable to world economic downturn.

Export figures for the month of April reveal that knitwear exports registered a hike of 13.53 percent, within just one month, whereas exports of woven goods increased by 15.56 percent. Therefore, a significant recover is expected in May and June too.

As per industry experts, owing to growth in turnover, witnessed in the months of March-April, the last two months of this fiscal will most likely also display even further increase in the sector's exports. More so, with global buyers set to place more orders for garments goods, a positive export increment is also expected in the next fiscal.

A textile manufacturing firm, which is expecting $175 million RMG exports in 2010, pointed to the dearth in energy supply, which was leading to failure in on-time delivery of garment export orders, thereby resulting in the July-April reduction.

Owing to dearth in gas and energy supply, many RMG goods suppliers are facing trouble in meeting with global buyer's orders.

Around all this, birth of some other sectors in the textile industry are also grasping bigger share in the national exports. For instance, jute product exports during the July-April period increased by 69.82 percent to $377.09 million and raw jute exports grew by 44.35 percent to $170.41 million.

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Top executives
Textile industry, India

The event should be organised every year

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search