Home / Knowledge / News / Textiles / ITFC hosts first African-Asian cotton meet in Bangladesh
ITFC hosts first African-Asian cotton meet in Bangladesh
Apr '17
At the first African-Asian Cotton B2B meeting hosted in Bangladesh by the International Islamic Trade Financing Corporation (ITFC), emphasis was laid on the development of the Bangladesh textile industry, which is the source of employment and export earnings for its economy. Bangladesh is currently the largest cotton importing country in the world.

Bangladesh spends more than $3 billion to import cotton a year -- more than half of it comes from India. "The demand for cotton in the local textile sector is here to stay as RMG will lead our export sector for another twenty to twenty five years," said Bangladesh finance minister AMA Muhith who had inaugurated the programme.

African countries are cost-effective alternative source of raw cotton, said Muhith adding that this will reduce the burden on the local farmers who are unable to meet the huge demand for cotton due to infrastructural problems.

At present, Bangladesh grows around 180,000 bales of cotton a year, which is just 1.0 per cent of the annual demand. However, the local producers have set a target to meet 10 per cent of the demand by the end of 2025, according to Bangladesh media.

During the event, Mohammad Shahidullah, Bangladesh Cotton Association president, talked the challenges of importing cotton from India and China. (RR)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Kaizad Hansotia, GetNatty

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Carmen Makover,

Carmen Makover

Leading the digital textile printing industry, Israel-based Kornit...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search