Importance of Textile Industry in Bangladesh

The importance of the textile industry within the economy of Bangladesh is extremely high for an extended time. There are many reasons for its importance. Most of the people don’t know which is textile industry and which is garments industry. Usually spinning, dyeing, printing, finishing, weaving industries are called textile industry. Garments industry, I mean readymade garments (RMG) industry includes knitwear and apparel industry. Textile industries also are called backward linkage of RMG industry.

List of Top Ten Textile Industries in Bangladesh

1. Beximco Textile

2. Square Textile

3. Sinha Group

4. Thermax Group

5. Noman Group

6. DBL Group

7. Fakir Group

8. Viyellatex Group

9. Knit Concern Group

10. Sunman Group

The readymade garments industry acts as a catalyst for the event of Bangladesh. RMG helps effectively to vary the economical scenery of Bangladesh. The "Made in Bangladesh" tag has also brought glory for the country, making it a prestigious brand across the planet . Now Bangladesh is that the 2nd largest RMG exporting country within the world but the question to know Garment factory in Bangladesh? Here is the list of Top ten Garment factory in Bangladesh

Top ten Garment factory in Bangladesh

1. Ha-meem Group

2. BEXIMCO Fashions Ltd.

3. Square Fashions Ltd.

4. Opex Sinha Group

5. Fakir Group

6. DBL Group

7. Epyllion Group

8. Standard Group

9. Asian Apparels Ltd.

10. Givensee Group of Industries Ltd.

Textile and clothing sector employs about 5 million workers of whom 80% are women.Until FY 1994, Bangladesh’s RMG industry was mostly hooked in to imported fabrics- the first textile sector (PTS) wasn't producing the required fabrics and yarn.

It is essential to spot and analyze the issues of primary sectors. RMG sector and printing and packaging sector are referred to as forward linkage industries. From study of textile sectors; it had been found that:

• Maximum of the textile mills are running with poor capacity planning and its utilization.

• We are always hooked in to the foreign machinery also as technicians.

• We need to borrow engineers/ experts from other countries; but this can't be an extended tern solution for the economic and technological growth of our country.

• It is that the documented to all or any folks that Bangladesh lacks of necessary adequate research and development facilities.

Importance of Textile Industry in Bangladesh:

The textile has been a particularly important a part of socio-economic development for a really while for variety of reasons:

• The textile industry is connected with meeting the demand for clothing, which may be a basic necessary of life.

• It is an industry that's more labor intensive than the other in Bangladesh, and thus plays a critical role in providing employment for people.

• It has contributed to employment creation, poverty reduction also as women empowerment.

• More than 81% of export income comes from textile industry.

• Contributes over 13% of GDP, 40% industrial value generated through the textile sector.

• Provide 55 lakh of employment where 80% are women in gender

• 150 lakh of peoples in support industries depend upon this trade.

• Provides 2 lakh jobs in waste recycling industry associated with textiles.