[🇧🇩] Textile & RMG Industry of Bangladesh

[Bilal9]

What else can be expected from cheap and shameless Indians. Tangail saree has originated from Tangail of Bangladesh not West Bengal of India.

To be fair - it was a limited number of people in their govt. who took this shameless step. But I guess any shameless step to score a point, before it's inevitably lost.
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Immediate action to be taken to get Tangail saree GI in Bangladesh: Textile minister​

File photo of Jahangir Kabir Nanak. Photo: Collected

Urgent and effective measures will be taken to get the patent – the Geographical Indication (GI) – of Tangail saree in Bangladesh, Textiles and Jute Minister Jahangir Kabir Nanak said today (4 February).

"We have urgently met with all concerned in the ministry and instructions have been given," the minister told reporters after visiting the Jute Directorate in the capital's Motijheel.

Earlier on 2 February, India's Ministry of Culture claimed that the Tangail saree originated in West Bengal, sparking outrage from netizens as the traditional saree is widely considered to have originated from Bangladesh's Tangail district.

"The Tangail saree, originating from West Bengal, is a traditional handwoven masterpiece. Renowned for its fine texture, vibrant colours, and intricate Jamdani motifs, it epitomises the region's rich cultural heritage," the ministry wrote in a post on Facebook on Thursday (1 February).

Later, on 3 February, citizens and businessmen of Tangail organised various programmes demanding that the Geographical Indication (GI) of Tangail saree be recognised as a Bangladeshi product instead of an Indian one.



Tangail citizens, businessmen protest India acquiring GI for Tangail saree

At the event today, the minister directed officials concerned to take effective measures to stop using middlemen for ensuring reasonable raw jute prices to farmers.

Noting that the use of jute bags is mandatory for 19 products as per the Mandatory Jute Packaging Act, 2010, the minister said, "If someone uses plastic for these products, then strict legal actions will be taken.

"Although the campaign is ongoing throughout the country, a special campaign has to be conducted in the current context."

Jahangir, also an Awami League presidium member, said the production of jute has increased manifold in recent years due to proper supply of seeds to ensure jute cultivation besides providing other inputs to the farmers.

"In order to ensure the supply of raw jute required in the country and to speed up the export of jute and jute products, the market price of jute is always being monitored… which is playing an important role in export earnings," he said.

He further said the government's consistent and timely support continues to enrich and modernise the jute sector of Bangladesh.

"At present, policy support is being provided to the jute sector stakeholders besides providing cash assistance to the export of versatile jute products.

"In the current era of sustainable development, there has been a huge demand for eco-friendly jute and jute products worldwide. Everyone must work together to increase the export of eco-friendly jute products." he said.

Secretary of the textile and jute ministry Abdur Rauf, Director General of the Jute Directorate Selina Hossain and other senior officials were present on the occasion among others.

 

[Saif]

When has Nanak become so brave to go against Indian interest?

 

[Saif]

Ten biggest textile mills of Bangladesh.

 

[Saif]

How Bangladesh Became a Global Textile Hub

 

[Saif]

10 Key Statistics on Bangladesh's Growing Textile and Clothing

In this article, we will discuss about 10 key statistics that support Bangladesh textile and garment industry is forecasted to continue growing.

www.worldfashionexchange.com

The Rise of Bangladesh’s Textile and Garment Industry: 10 Key Statistics​

June 2, 2023.4 mins read

Introduction​

Bangladesh’s textile and garment industry is a major contributor to the country’s economy, and it is a vital player in the global textile and apparel market. In the fiscal year 2021-2022, Bangladesh exported garments worth US $42.613 billion, making it the second-largest apparel exporter in the world (Export Promotion Bureau data).

In addition, the garment industry is also a significant source of employment and income for Bangladesh, with more than 4 million people (about twice the population of New Mexico) working in the sector.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) reported that in the first eight months of 2022, BD ready-made garment (RMG) exports totaled $29.825 billion, up by 38.39% compared to the same period in the previous year.

The United States is the largest export destination for Bangladeshi garments, accounting for around 21.50% of total exports. The European Union (namely Spain, Germany, Italy, France, Belgium and Netherlands) is the second-largest export destination for BD apparel, followed by UK and Canada.

Here are 10 key statistics about Bangladesh's garment industry:

1. In 2021-2022, Bangladesh RMG exports reached $42.613 billion.

1. RMG exports saw a 35.47% year-on-year growth in the fiscal year of 2021-22.

1. Bangladesh is the second-largest cotton yarn exporter worldwide.

1. Knitwear is the largest export contributor at 41.8% in Bangladesh’s national export earnings.

1. Bangladesh is the world’s fifth-largest exporter of home textiles crossing $1 billion in 2020-21.

1. Bangladesh’s textile and garment industry employs around 4.4 million people, mostly women.

1. In 2021, Bangladesh’s textile and garment industry attracted $3.5 billion in foreign direct investment

1. Bangladesh’s garment exports to India surged 69.58% to $715.41 million in 2021-2022.

1. BD garment manufacturers aim to hit $100 billion in export earnings by 2030 (BGMEA).

1. DTG is the largest garment machinery, home textile and accessories expo in Bangladesh.​

Conclusion​

Bangladesh’s textile and garment industry is forecasted to continue growing, and it is expected to account for more than 10% of the global market by 2025, according to BGMEA. The industry is also set to benefit from the ongoing shift in global sourcing patterns as more and more countries look to diversify their supply chains.

As per Sri Lankan financial services firm CAL Bangladesh, Bangladesh’s apparel sector will see a short-term dip in 2023 but a strong rebound is expected in 2024 which will help the sector’s exports reach US $56 billion by 2026.