1. According to the
report, the global technical textile market generated US$ 234.71
billion in 2017, and is expected to reach $334.94 billion by
2025, registering a CAGR of 4.5% from 2018 to 2025.
Bangladesh has launched various support schemes for textile and
apparel manufacturers to make them globally competitive. The
schemes targets are technology up gradation, infrastructure
development, to develop more EPZ zones, export promotion etc.
The jute industry in India is predominantly dependent on the
public sector, which purchases jute bags of value of more than
Rs 6,500 crore every year for packing food grains.
In fiscal 2017-18, Bangladesh’s RMG exports to India stood at
US$ 279.19 million, up by 115% compared to US$ 129.81 million in
the FY17, according to the Export Promotion Bureau (EPB) data.
Of the total amount, knitwear products earned US$71.05 million,
which is 89.75% higher than the US$ 37.44 in the same period a
Many apparel millers in Bangladesh are using the latest
technology for better productivity to cope up with fast fashion
trends. Machinery companies also continuously working on
bringing new featured machinery, said H N Ashiqur Rahman,
General Manager, Brother International Singapore Pte Ltd.
The government of China pays growers a subsidy amounting to
about US$ 150 million a year for using high-quality seeds,
although small-holder farmers do not benefit significantly from
Indonesian President Joko Widodo offers a new incentive to
entrepreneurs in Indonesia’s textile (and textile products)
sectors that employ at least 2,000 workers and export 50% of
their total sales.
The European Parliament passed a resolution on 15 November 2018
urging the Bangladesh government to extend the tenure of the
Transition Accord. The Transition Accord is set to be expelled
from Bangladesh on 30 November 2018. The EU Parliament passed
resolution 15 November 2018 urging BD government to extend
tenure of Accord.
According to the Bangladesh Terry Towel & Linen Manufacturers
Exporters Association (BTTLMEA) China, Pakistan, India and
Turkey are the main competitors of Bangladesh home textile
exports where the country is in the 5th position.
government of India has increased the duty for cotton yarn from
1.2%% to 1.7%, from 1.3%% to 1.6%% for cotton fabric and from 2%
to 2.6% for made-ups. Welcoming the new duty drawback rates, the
Cotton Textiles Export Promotion Council (TEXPROCIL) said the
revision will boost the exports of cotton textiles.