Home / Knowledge / News / Textiles / Bangladesh's textile production plummets in Q1
Bangladesh's textile production plummets in Q1
18
Apr '12
The textile sector of Bangladesh has witnessed a major fall in production during the initial three months of the current year.

Hit by the European Union's (EU) relaxed rules of origin and gas and power supply shortages, Bangladesh' textile industry suffered a 25 percent year-on-year decline in production, which dipped to 1,900 million metres in January-March 2012, compared to textile production of 2,536 million metres achieved in corresponding period of previous year.

Taking advantage of the EU's relaxed rules of origin, several garment producers in Bangladesh are now procuring raw material from China, instead of buying domestic quality fabric, which is a major factor for decline in fabric production in Bangladesh.

The dip in production is also attributable to an extent to shortage of gas and power supply, lack of modern communication system and depreciation of taka against dollar.

Liquidity crisis in banks and high rate of interest on loans are also to be blamed for the production slump, according to industry experts, who say that the dismal situation has pushed many small and medium scale textile units on the brink of closure.

As per a survey undertaken by the Ministry of Textiles and Jute, textile units in the country were catering to almost 40 percent of the domestic demand till financial year 2009-10 when 2,542 million metres of fabric was produced in Bangladesh against total demand of 5,612 metres.

The same study also stated that following a rise in demand for Bangladeshi readymade garments (RMG) in world market, the demand for woven fabrics is expected to grow to 7,164 million metres by 2014-15.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Sonam & Paras Modi
SVA

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
May 2017

May 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