Home / Knowledge / News / Textiles / Recession: a boon or woe for Bangladeshi T&G industry?
Recession: a boon or woe for Bangladeshi T&G industry?
24
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

UNIDO, eWTP discuss strengthening ties to back e-commmerce

Textiles | On 25th Apr 2018

UNIDO, eWTP discuss strengthening ties to back e-commmerce

United Nations Industrial Development Organisation director general...

Courtesy: HueTrap

Apparel/Garments | On 25th Apr 2018

Making sustainability affordable is a big challenge

In a lot of instances, being sustainable comes with an additional...

Courtesy: Formosa Petrochemical Corporation

Textiles | On 25th Apr 2018

Formosa to set up petrochemical plant in Louisiana

Formosa Petrochemical Corporation has selected St. James Parish in...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Erik Sy

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ravindra Jain, Ashish Baid

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

Lynda Kelly
Suominen Corporation

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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