Friday, October 28, 2011

Bangladesh Textile Industry: Present Scenario, Future Prospects and Challenges


Introduction: 

The textile industry provide the single source of economic growth in Bangladesh’s rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings.  More than 65% of the country’s industrial employment and 81% of the export earnings. The tremendous success of ready made garment exports from Bangladesh over the last two decades has surpassed the most optimistic expectations.  Today the apparel export sector is a mufti-billion-dollar manufacturing and export industry in the country. The overall impact of the ready made garment exports is certainly one of the most significant social and economic developments in contemporary Bangladesh.


Structure of the Textile Industry in Bangladesh:

There are two types of textile industry in Bangladesh. They are as following:


A. Backward linkage industries:
Supporting basic textile industries such as spinning, weaving/ knitting, dyeing and finishing industries are known as backward linkage industries.

B. Forward linkage industries:
RMG sector, printing, and packaging sector are known as forward linkage industries. Most of the textile industries are in the private sector.

Major Textile Sector and Its Product: 
 
Major textile sectors of Bangladesh and its products are given in following table:


Sector
Products
Spinning
Yarn
Weaving
Grey woven fabric
Knitting
Grey knit fabric
Dyeing and finishing
Dyed or printed fabric
Apparel or garments
Men, women and baby wear
Jute
Carpet, twine, hessian, and sacking.
Sericulture
Silk yarn and silk fabric
Hand loom
Sharee (jamdani and banarosi), lungi and gamsha.
Power loom
Sharee, lungi, gamsha and different woven cloth.
                                                        
                                                Table-1: Sector wise textile products 

There are also some composite mills in our in country. Two or more than two different mills are combined under one administration is called composite mill.