Bangladesh Textile Industry As Investment Destination

Bangladeshi textile industry's ambitious clothing trade cooperation prospects

In recent years, Bangladesh has become a laborer because of its low labor cost and abundant labor force.

Investment hot spots.

In November 21st, "China garment / home textile export enterprise annual meeting and Entrepreneur Summit Forum", Mr. FaruqueHassan, senior vice president of Bangladesh garment manufacturers and Exporters Association, introduced Bangladesh comprehensively.

Opportunities for development.

Overview of Bangladesh textile and apparel industry

General situation of development

The Bangladesh garment industry has been developing steadily since its start in 1978, and its total export volume has exceeded 5 billion mark in 2005, reaching 6 billion 400 million US dollars, breaking through the 10 billion mark in 2010, reaching 12 billion 500 million US dollars.

It is predicted that the export volume will reach US $50 billion in 2021, and we will achieve the goal of safe working environment, sustainable environmental protection and diversified products.

Major exporters

The main export markets for Bangladesh are the European Union and the United States.

Among them, France accounted for 22% of exports, the United States accounted for 21%, and Germany accounted for 17%.

Major contribution of garment manufacturing industry to Bangladesh economy

The garment industry exports $25 billion 500 million annually to Bangladesh, accounting for 81.7% of the country's total exports.

The garment manufacturing industry creates jobs for 4 million 400 thousand people, of whom 80% are women.

At the same time, the industry has created more jobs in the upstream and downstream industries to solve the employment problem of 20 million people in Bangladesh.

In 2014, garment manufacturing accounted for 13% of GDP in the whole country.

The continuous development of the industry helps countries to reduce their dependence on foreign aid.

Bangladesh has a good economic situation.

Bangladesh's overall economic situation is good.

Bangladesh has developed from a least developed country to a low-income country. Bangladesh has set a goal to enter the ranks of middle-income countries in 2021 and become a developed country in 2041.

2021 development goals

In 2000, Bangladesh's clothing exports accounted for 2.56% of the world's total, accounting for 5.09% in 2014.

Bangladesh surpassed Turkey and India in 2000.

If it continues to grow by 8%, Bangladesh

Exports will exceed the $50 billion mark.

Strengths and challenges

The advantages of Bangladesh's garment manufacturing industry include low prices, international standard products, young population structure, zero tariff export to major developed countries, and rapid development of printing and dyeing supporting industrial chains.

Among them, the demographic dividend advantage is obvious, Bangladesh has 56 million 700 thousand working population, 76% of which are below 40 years old.

There are about two million new jobs every year.

However, Bangladesh is also faced with a low labour rate, with labour rate of only 77% of China.

The challenges faced by the Bangladesh industry include the safety of working environment, financing, sustainability of industry development, training of skilled workers and managerial personnel.

Bangladesh China

Trade development prospects

Survey

As China's textile and garment industry continues to accelerate its pformation and upgrading, China will speed up the market shuffling, and will continue to eliminate backward production capacity.

Bangladesh can undertake the pfer capacity of China and promote the development of its own industry.

At present, 28.34% of trousers, 24.68% T shirts and 11.32% sweaters produced in Bangladesh are exported to China.

In the future, we can strengthen production cooperation in underwear, suit / suit, jacket, swimsuit, sportswear, tooling and other products.

Investment field

At present, the 80% garment products in Bangladesh are cotton products.

Therefore, in man-made fibers

In terms of production, it has sufficient investment potential.

Bangladesh has limited capacity to produce elastic fabrics, rayon and synthetic fibers and is in urgent need of foreign investment.

Bangladesh's own weaving factory can only provide 35% of woven fabrics, and imports about 4 billion dollars of fabric each year, and imports are increasing year by year.

Therefore, woven fabric is also an excellent area for Chinese enterprises to invest.