The value addition in FY20 decreased to 56.84 per cent from 64.32 per cent in FY19. Though value addition in RMG products slightly increased in FY21, it showed a downward trend in the first half of FY22.
Value addition dropped to 55.80 per cent in the July-December period in 2021-22.
The report, titled ‘Quarterly Review on RMG: April-June, FY22’, said RMG manufacturers imported raw materials worth $19.43 billion in the last fiscal against exports worth $42.61 billion.
Apparel exports in FY22 grew by 35.48 per cent while imports of raw materials increased by 51.2 per cent in the period, the data showed.
The surge in freight cost and business operation cost also contributed to the decline in value addition.
Fibre2Fashion News Desk (DS)