Home / Knowledge / News / Apparel/Garments / Textile & garment sector receives 50% investment proposals
Textile & garment sector receives 50% investment proposals
06
Apr '11
“From January 2009 to March 2011, textile and garment projects totaling to 1,198, have been registered with the Board of Investment (BOI)” – Bangladesh, revealed Mr Tofazzel Hossian Miah, Director – BOI to fibre2fashion.

The textile and clothing sector has received around 50 percent of all the investment proposals, which indicates the success of the sector in the country, considering that shipments from the RMG industry account for 80 percent of overall export revenue.

In the eight-month period beginning from July 2011, knitwear exports rose 43.93 percent year-on-year to touch US $5.8 billion, while woven garment shipments too surged 37.95 percent to reach $5.13 billion.

Bangladeshi clothing producers, numbering to around 4,700, have the all top-end retailers like Wal-Mart, GAP, H&M, Carrefour, Tesco, Metro and JC Penney as their buyers.

“In the period between January 2009 to Feb 2011, joint ventures and foreign investments totaled to Taka 100 crores. Exports from the sector are very good, so investors see very good prospects and we see it increasingly as a strong tool for the economy”, Mr Tofazzel added by saying.

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Carolin Russ

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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