TEXTILE INDUSTRY IN BANGLADESH RAKIB HOSSAIN (11.02.08.047)
TEXTILE INDUSTRY IN BANGLADESH
RAKIB HOSSAIN (11.02.08.047)
INTRODUCTION60% of the export contracts of
western brands are with European buyers and about 40% with
American buyers. Only 5% of factories are owned by foreign
investors, with most of the production being controlled by local
investors
Contribution to the people
Huge economical aspect
Major exporting products
HISTORY
From 1947 to 1971, most
textile industries were owned by West
Pakistanis
Nationalization of industries
after 1971 and rise of BTMC (Bangladesh Textile Mills Corporation)
Gradual Denationalizati
on of production of textiles after
1982
New Industrial Policy (NPI), Creation of
Export Processing
Zones (EPZs) & encouragemen
t of direct foreign
investment
STRUCTURE OF BANGLADESH’S TEXTILE INDUSTRY
The public sectorThe
handloom sectorThe
private sector
SUB-SECTORS OF TEXTILE INDUSTRY
Spinning Weaving/ fabric manufacturing Knitting Dying-printing-finishing Export Oriented Garments Another part can be added- Washing
plant
SLSub-sector No. of units Installed Capacity Production
Capacity in a year
1 Spinning 385 8.7 million spindle0.23 million rotor
2050 million kgs
2 Weaving/Fabric manufacturing 721 17250 shuttle less13500 shuttle
2150 million meter
1. Weaving
2. Denim
3. Home Textile
4. Knitting
5842017100
3 Dyeing-Printing-Finishing 233 2200 million meter
4 Export oriented garment industry 5150 561 million dozen
ECONOMICAL ASPECT
Single source of economical growth in Bangladesh’s rapidly developing economy
In 2010, people under poverty line become 31.5% from 2005’s 40%
The garment industry accounts for 76% of the country's export earnings and 10% of its GDP & 40% of industrial value addition
The export value of the readymade garments are expected to touch 22 billion USD this fiscal year. In the fiscal year 2010-2011 country’s apparel export was 17 billion USD
RMG Export Chart
EDUCATIONAL RESOURCES
One dedicated textile university, one dedicated clothing university (in the pipeline), one dedicated research institute
Textile post graduation (masters) in 1 public university and 2 private universities
Textile under graduation (degree) in 2 public universities, 5 government textile colleges and 13 private universities, about 6 private institutes
Textiles diploma in 2 government institutes, (3 more in the pipeline), 67 private institutes
Textile vocational courses in 40 government institutes, (23 more proposed), 5 private institutes.
HUMAN RESOURCES LEVEL Existing At
2009Required In 2014-15
Gap
Ph .D 25 1087 1062
Masters 65 4708 4643
B. Sc. Engg./Tech.
2034 19996 17962
Diploma 3520 44863 41343
Total 5644 70654 65010
SUCCCESS OF TEXTILE SECTOR
Economical boost of the country
2nd leading country in global clothing market
Employment of about 5.5 million people
Empowerment of Women
Self sufficiency
Radically transformed the socio-economic condition of the country which raised awareness regarding children education, health safety, population control, disaster management and so on
Chart of export
Share in global market
REASONS BEHIND THIS TEXTILE BOOM
RESOURCES
OPPORTUNITIES
POLICY DECISION
PROBLEMS FACED BY THE TEXTILE INDUSTRY
Large demand-supply gap
Insufficient & irregular power supply
Accession of China in WTO
Extremely high bank charges and interest rates
High handling charges for shipping
Lack of co-ordination among various government agencies
Political issues
FAILURE IN THIS INDUSTRY
01 •No international qualified brand•Insufficient Cotton Production
02 •Inadequate skilled workers•No separated area for textile industry
03 •Safety Issue •Insufficient Labor Law regarding this industry
ONE THING TO SAY , WHILE MOST OF THE COUNTRIES WILL STRUGGLE TO MAINTAIN THEIR INDUSTRY, BANGLADESH MOST LIKELY WILL GROW FURTHER !!
Conclusion----------------------------
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