1. Bangladesh, the
second largest ready-made garment exporter in the world, has
taken a leading position in sustainable green industrialization
with the world’s several top-ranked Green factories.
The Indonesian government fix targets to increase the nation's
value of exported textiles and garments to US$ $75 billion by
the year 2030, implying that this industry would contribute
around 5% to global exports.
The technical textile industry in India has the potential to
grow at a rate of 15% to 20% annually to touch US$ 30 billion
over the next five years. Despite the huge potential, the
investment in technical textiles sector has not gained much
momentum in the past.
According to the U.S. Green Building Council (USGBC),
Bangladesh’s RMG sector now has 67 Leadership in Energy and
Environmental Design (LEED) green factories. Among them 13 are
LEED Platinum rated while more than 280 garment factories in
Bangladesh would get the LEED certification soon.
The Indonesia Textile Association once released an
estimate that Indonesia could boost its market share in the
world’s textile market to 5% by 2030. Indonesia’s share is now
estimated at around 1.8%. By that reckoning, textile exports
from Indonesia would reach a value of around US$ 75 billion by
According to the BTMA during 2014 to 2018 period, Bangladesh
textile manufacturers have invested Tk6,900 crore in the primary
textile sector to meet the demands of fabrics and yarn.
Exports of Egyptian cotton grew by 181.6% from December to
February this year. The Egyptian government has appointed an
official steering committee to safeguard the future of the
Egyptian cotton brand.
Indian products attract 3.5% (yarn), 10% (fabric), and
14% (made-ups) duty in China, while Vietnam, Cambodia, Pakistan,
and Indonesia enjoy duty-free access to the Chinese market.
0Chairman of the Indonesian Textile Association of West
Java (API Jabar) Ade Sudrajat said the global demand to increase
exports of textiles and textile products increased 5% in 2017
and increased 8% in 2018. The current target is to meet domestic
needs up to 100% and to reach the export value of US$30 billion.
export earnings from the apparel sector in the FY 2020-21 would
be US$ 11 billion less from the US$ 50 billion target set by the
government. The estimate shows that the earnings from RMG in the
FY21 would be US$ 38.73 billion, against US$50 billion targets.