Manmade-fiber imports by Bangladeshi apparel exporters surged by over 13.39 per cent to 0.21 million during the period of Jan-Nov’23.
As per a report by the BTMA, use of manmade fibers is on the rise in Bangladesh though the percentage is yet to reach satisfactory levels.
Fazlee Ehsan Shamim, Vice President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), notes, the increase in MMF imports indicates an increase in production of new and value-added items.
However, to produce such non-cotton items, Bangladesh entrepreneurs need ‘supportive policy measures, adds Shamim.
Faruque Hassan, President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently reiterated Bangladesh’s vision to achieve $100 billion worth of garment export by 2030.
The trade body has demanded 10-per cent cash incentives for MMF-based garment manufacturing as it has made significant investments in high- value-added segments like active wear, outwear, denim, lingerie, suits, fancy dresses and formal wear.
The association is also developing luxury dresses using heritage jamdani and muslin fabrics besides focusing on capacity expansion and efficiency enhancement.
