DTG - Dhaka Textile & Garment 2010

Bangladesh has a ready market with a domestic demand for approximately 145 million people. It has a growing market. Textiles being the largest export sector of the country and the fastest growing industry with ready-made garment (RMG) accounting for more than 76% of total export earnings, Bangladesh is one of the top five RMG exporters in the world with Annual Export of RMG over US$ 7.50 billion. By 2010 the target of RMG export has been fixed at US$ 10.00 billions.

In the Private Sector there are 247 spinning mills having spindle capacity of 5.2 million, 356 waving mills having production capacity of 900 million metres of gray fabrics. Further 1137 million metres of gray fabrics are produced by semi mechanized/mechanized power looms and Hand loom units. The number of RMG factories exceed 4000 unit, employing over 4.5 million of the industrial workforce. Defying all projection as losers under the quota free regime, Bangladesh RMG export has shown an upward trend in year 2005 & 2006. Some American buyers are shifting their orders from China to Bangladesh mainly due to restrictions imposed on Chinese products under WTO safeguard mechanism. Moreover, Bangladesh enjoys the duty-free market access benefit under the “Generalized System of Preference (GSP)” & Everything But Arms (EBA) from EU. She also enjoys duty-free market access to Canada, Australia, Japan, Norway & other countries.