Bangladesh to invest in synthetic fibre for growth
Bangladesh wants to invest in synthetic fibre as its demand is rising in the international market. The country also wants to invest more in material to boost garment exports.
Bangladesh
Bangladesh is
reportedly planning to invest in synthetic fibre as its demand is rising in the
international market. The country also wants to invest more in material to
boost garment exports.
According to apparel exporters, synthetic fibre is the future. The
reputed brands are now leaning towards man-made and recycled fibre to achieve
sustainability due to which this sector has become more export-oriented. According to apparel exporters, many high-end
brands have stopped buying apparel produced from non-recyclable material.
As per BTMA, 99,345 tonnes of polyester staple fibre has been
imported by local spinners in 2020. As of now, 40 spinning mills have imported
PSF fibre for producing high-end garments. According to Fazlul Hoque, Vice
President, BTMA, the number of textile mills that are currently producing synthetic
yarns and fabrics is below 50 in 2016 and many textile mills will enter the
production of synthetic fibre within 2 to 3 years. He also said that Bangladesh
has the potential to produce synthetic fibre-based textile and apparel in order
to achieve greater per unit values.
According to Md Khorshed Alam, Chairman, Little Star Spinning
Limited, Bangladesh’s investment in the synthetic fibre
sector is growing because the buyers are opting for the fabric as a substitute
to cotton fibre for sustainability and environmental issues. He also said that
the use of man-made fibre has also increased due to an increase in the production
of value-added garment items.
Source – Dhaka Tribune
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