Home / Knowledge / News / Textiles / Bangladesh takes initiative to boost cotton output
Bangladesh takes initiative to boost cotton output
20
Jun '11
To safeguard spinners, textiles and clothing producers, who have been badly hit by the volatility in the international cotton market, the Bangladesh Government has introduced an initiative to boost domestic cotton production.

Under the initiative, around 19,000 local farmers would be imparted training on modern cotton cultivation techniques, during the forthcoming cotton season.

The Government has announced that for training farmers on these techniques, 900 demonstration plots would be set up each occupying one bigha (1 bigha = 1333.33 sq. m) of area. Also, farmers would be provided seeds and other inputs like fertilizers and insecticides at 80 percent subsidized rates.

The Government, through the initiative, proposes to yield 220 metric tons of superior cotton seeds through cultivation on 200 hectares of land through contract farming, during the current crop season.

Farmers would be provided such seeds at 50 percent subsidised rate by the Government. Also, the Cotton Development Board (CDB) of Bangladesh has a fund of Tk 40.62 million to help small and marginal cotton cultivators for procuring various necessary inputs.

To meet the production target, the CDB proposes to dole out eight million taka during the current crop cultivation season.

The Government has taken this initiative as a result of rising prices of cotton in world market which has lately caused many spinners to face acute crisis of working capital. It has also led to a considerable hike in the export cost of woven and textile items, as buyers are unwilling to pay for the rise in cotton prices.

Growing demand from China, lower cotton output in Pakistan, and export ban imposed by India are the factors that have led to a severe shortage of cotton in Bangladesh, leading to an increase in the domestic cotton prices by over 40 percent since January 2011.

The Government stated that it has initiated measures to boost cotton cultivation domestically just to shield the local industries against future fluctuations in world cotton market.

As against its annual demand of five billion bales of cotton, Bangladesh produces just 70,000 bales, which necessitates the spinners to import raw cotton in bulk from foreign countries. Within Bangladesh, raw cotton is cultivated on a large scale in Gazipur, Jessore, Rangpur and Dinajpur.

Fibre2fashion News Desk - India


Must ReadView All

Bangladesh panel to revise minimum wage for garment workers

Apparel/Garments | On 16th Jan 2018

Bangladesh panel to revise minimum wage for garment workers

The Bangladesh labour and employment ministry recently formed a panel ...

Bruckner to supply dry finishing lines for textile project

Textiles | On 16th Jan 2018

Bruckner to supply dry finishing lines for textile project

Bruckner, a producer of high-tech lines for the dry finishing of...

Courtesy: Carrefour

Apparel/Garments | On 16th Jan 2018

Carrefour signs strategic agreement with Showroomprive

Carrefour, the second largest retail chain in the world, has...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Johan Berlin
InvestKonsult Sweden AB

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

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

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

Aditi Somani
Aditi Somani

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

January 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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