Bangladesh To Have 23 More Textile Industries
Bangladesh is one of the top country in the world which have the perfect and accurate raw materials for garments and textiles, i.e., Jute. This country has the principal source of foreign exchange earnings is the Export of textiles and garments. Bangladesh’s largest employment sector is Agriculture and Domestic consumption. In 2002, by the exports of different clothing, textiles and ready made garments, Bangladesh accounted for 77% total merchandise exports. As per the research, by 2013, around 4 million people, mostly women, worked in Bangladesh’s different textile, garments and ready-made garments companies.
Bangladesh is the Second only country in the world (First is China), and the world’s Second largest apparel exporter. 60% of Bangladesh’s export contacts of western brands are European buyers and 40% are American buyers.
State Minister’s Decision to have 23 textile institutes:
In Bangladesh, only 5% of textile industries are owned by different foreign investors. But most of the production in these companies are controlled by the local investors. In present Bangladesh have total 40 existing vocational textile industries, where a billion of workers get employment every year. As per the announcement of Minister of State for Textile and Jute, Mirza Azam, 23 more vocational textile industries would be added in many districts of Bangladesh.
After this huge decision, the state minister, Mr. Azam said that this would be a great profit to the country. Bangladesh earns a lion’s share of foreign exchange for the country. After the establishment of these 23 additional vocational textile industries with the 40 existing industries, the exports of garments, textiles and ready made garments would be double in next five years. The growth of the textile sector was progressing rapidly and it would reach to another high level of growth. Not a single unemployed person would be in country.
About Jute Diversification Promotion Center:
The State Minister was addressing a workshop at the Jute Diversification Promotion Center, which is in Dhaka. Jute Diversification Promotion Center (JDPC) was established in 2002. The main objective of this center was to improve the diversifications of different jute products in a greater scale and make this program more attractive and acceptable for different entrepreneur and private sectors. This objective of this project to make the perfect contribution in the economic development of the country through promotion of different jute diversifies industries.
Mr. Azam said the decision for establishment of 23 additional vocational textile industries had already taken to upgrade the Department of Textiles to the directorate. Directorate would would operate as the apparel authority of the country.
The Department of Textiles provides the technical training through its different educational institutions. This training is provided to fulfil the demand of a textile technician. This results a huge skilled manpower for the textile industries in Bangladesh. The Department of Textiles has six engineering colleges which provide courses of 4 years B.Sc in Textile Engineering. Another six textile colleges offer 4 years Diploma Course. More than 30 textile vocational educational institutes offer 2 years secondary school certificate equivalent courses to the students.
In a survey of Export Promotion Bureau (EPB), on July-April 2013, the garment exports from Bangladesh is increased by 15.39 percent to the US Dollar 19.97 billion. Bangladesh has done exports of $ 17.307 billion during the corresponding period of the previous fiscal year. In last fiscal year 2012-13, Bangladesh was exported $ 11.039 billion worth of woven garments. The worth of knitwear exported was $ 10.475 billion.
This huge step by the Bangladesh Government would take the country’s economic status in a high position. In the coming future, Bangladesh may be the no. 1 and the largest garment exporter in the world.