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

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search