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Exporters of Tailor Made Garments and Stocklots

EPB sets export targets to $18.5 billion for fiscal year 2010-11.

According to the Export Promotion Bureau, the growth in exports of Bangladesh exceeded 40.31 percent in the nine months of the current fiscal year exceeding $ 16 billion dollars and exports of March alone grew 40.56 per cent compared to last year.

Sectors experiencing a significant rise in exports included knitwear, woven garments and cut and sewn garments, jute and jute goods, frozen food, shrimp, leather goods etc.

The readymade garment Industry accounted for 80% of the entire export earnings whilst non apparel textile products earned around 6%.

Significant growths have been seen in the knitwear sector, up 44.36% from last year, jute and jute products, up 44%, home textiles, up 98%, frozen foods, up 57% percent and footwear up 50%.

Unfortunately a few products experienced a decline in exports, too, of which the terry towel sector experienced a 10.23% decline in exports and tea a 46% decline.

The Export Promotion Bureau has set an export target of $18.5 billion for the current fiscal year, but many export sector insiders are predicting that it will exceed $22 billion.

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