Prospects of Textile Sector in BANGLADESH

Welcome toBCE presentation

Date: 20 March, 2014

Prospects of Textile Sector in

Bangladesh

DEFINITION OF TEXTILE SECTOR

Glorious history oftextiles in

Bangladesh

MOSLIN

Muslin had the number one position during British reign.

DHAKAIJAMDANI

JUTE (THE GOLDEN FIBER)

• 2nd largest jute producer in the world. (1.08 m ton/year)

• Still has demand in the international market for higher quality fibers.

• Total earning is US$611 million/year.

JUTE PRODUCTS

RAJSHAHI SILK• Finest mulberry & tassar silk products.

• A number of silk industries & silk research centre.

• Approximately 10,00000 people are directly or indirectly employed in this sector.

TRIBAL TEXTILES

TEXTILE SECTOR• First it was a part of ISI.

• First gvt. Organisation for controlling this sector was BTMC.

READY-MADE TEXTILES• Emerged during 1980.

• At present most growing part of textile sector.

Present scenery of textile sector in Bangladesh

TEXTILE SECTOR AT PRESENT

• 80% of total export.

• 2nd largest exporter. (report 2011)

• Exports US$21.515 billion during 2012-13 session.

• Nearly 3.5 million people are involved.

• Minimum wage US$ 68.

BGMEA

• Works to promote & protect the interest of the textile industry.

• Recognizes fundamental rights of the workers.

RMG sector(The golden goose)

• Experienced exponential growth since 1980’s.

• More than 73% of total textile export.

• 13% of GDP.

INVESMENT S

• FDI records to invest $1136.38million in 2011.

• 89 new & joint venture projects.

TRADE & BUSINESS

• 81% of export earning.

• Contributes over 13% of GDP.

• Also helps supporting industries. (shipping, transport, banking, insurance.)

EMPLOYMENT• Directly around 60 lakhs.

• 150 lakhs in supporting industries.

• 2lakhs in waste recycling industry.

Type of mill Number of Employees

Spinning 4,00000

Weaving 80,000

Knitting 60,000

Power loom 43,000

Handloom 10,00000

Dyeing/Finishing 33000

RMG 36,00000

PROGRESS

BAUSIA PROJECT

WOMENS’ ROLE IN

TEXTILE SECTOR

• More than 80%.

• Cheap labor cost.

• Lack of security.

EDUCATION

Best Lab. equipments in South Asia

Light fastness tester machine

KNITTING MACHINE

KNITTING MACHINE

PROBLEMS IN TEXTILE SECTOR

From owner’s perspective

• Corruption.

• Political instability.

• Unskilled worker.

• Gas & energy crisis.

• Higher bank rate.

• Growing competition.

From worker’s perspective

• Low wage scale

• Lack of life safety

• Lack of security

• Unskilled management

• Profit hungry owners

SUDDEN ACCEDENTS

RANA PLAZA TRAGEDY(over 1100 people were killed)

TAZREEN FASHIONS Ltd. TRAGEDY

(112 workers were killed)

THERE IS HOPEYET…

Second largest rmg exporter after China.

GRWOTH OF EXPORING DENIM

We have world class clothing stores

presenting our own garments.

SATISFY BOTH LOCAL AND FOREING CUSTOMERS.

THANK YOU

ANY QUESTION??