India is expected to produce 4.20 million bales of cotton during
the 2019-20 crop year. The domestic consumption is 2.20 million
bales (They also import cotton) and 1.00 million bales have
already been exported while 0.70 million bales are already
Bangladeshi garment accessories and packaging manufacturers fear
losses of Tk15 billion if Coronavirus prolongs for six months as
it would create a shortage of raw materials for the sector
hindering the production.
Myanmar’s apparel sector is taking environment friendly
initiatives. Till now, only one garment manufacturer in the
nation has been certified Leadership in Energy and Environmental
Design platinum. Two other facilities, both operated by garment
manufacturer Guston Amava, comprise of 34% recycled building
Hong Kong’s textile industry is manufacturing its first batch of
up to 3,000 handmade reusable fabric masks and hopes to
distribute them among members of the city’s vulnerable groups
amid the coronavirus outbreak.
Turkey's textile and garment industry currently employs around
1.67 million people, said Trade Minister Ruhsar Pekcan. He said
industry had recently witnessed a boost due to global production
shifts to the country from China following the Coronavirus
outbreak. Turkey exported apparel worth US$ 17.7 billion last
Bangladesh Garments Accessories and Packaging Manufacturers and
Exporters Association (BGAPMEA) President Abdul Kader Khan said
China is our largest trading partner and the outbreak of the
Coronavirus to cast a negative impact on global economic growth.
About 50% of raw materials are sourced from China, the sector
people urged the government to search for an alternative source
to avert the shortage and production cut.
According to the International Jute Study Group, the annual
demand for jute shopping bags in the world market is about 500
billion pieces. On the other hand, according to the estimation
of Business Wire in 2022, the Home Gardening and Vertical
Gardening market will be US$ 1.33 trillion.
Bangladesh is the second largest of readymade garment (RMG)
manufacturer after China and the latest exported value of
Bangladesh RMG is US$ 19.06 billion from July-Jan FY19-20 more
than 84% of total overseas sales.
With removal of the anti-dumping duty in India, the raw material
for production of MMF (man-made fibre) will be available at
international price. At present, cotton yarn production in India
is higher than synthetic yarn and several mills will move to MMF