Home / Knowledge / News / Textiles / Recession: a boon or woe for Bangladeshi T&G industry?
Recession: a boon or woe for Bangladeshi T&G industry?
Feb '09
Exports records of Bangladeshi textile and garment industry- a vital sector in country's economy, show ascending trend since past few years, and accounts a considerable share in country's GDP. Current economic challenges, that have perplexed eminent countries across the globe, on contrary, have augured the prospects of the Bangladeshi textile and garment industry.

During the first three months of the fiscal year 2007-2008, RMG exports embarked a 44.66 percent growth, while it hiked to 45.26 percent in September, according to the BGMEA.

Apart from this, ever increasing imports of plant and machinery by the sector in the second half of last year, investments by garment companies in up-gradation of machinery and infrastructure to pace up with the times, considerable investments by the textile industry setting up spinning mills across the country to save precious foreign exchange on import of raw materials like fibre and yarn, etc. justify the optimism amongst global fraternity for Bangladeshi textiles and garment industry.

In spite of this optimism, as the sting of global recession is spreading like a slow poison, engulfing even strong economies; it is an obvious question if Bangladeshi textile and clothing sector will be an exception. Getting inquisitive on this and such more interrogations, Face2Face team at Fibre2Fashion interviewed Mr SM Nurul Huda Chowdhury - Managing Director, Base Textiles Limited – a pioneer in composite manufacturing of fabrics to garments with its headquarter in Chittagong, Bangladesh.

Please click here to read complete conversation.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Textiles | On 26th Jul 2017

BCI releases 2016 BCI annual report

The Better Cotton Initiative (BCI), a not-for-profit organisation...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

C Kamatchisundaram

ITME is an occasion not only to receive new leads but also to work on...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

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...

Aditi Somani
Aditi Somani

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

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra

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


Letter To Editor

(Max. 8000 char.)

Search Companies


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

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