Textile & garment sector accounts for approx 50% of all investment proposals
According to the Board of Investment, BOI, the textile and garment sector accounts for approximately 50% of all investment proposals to Bangladesh for the period Jan 2009 to March 2011. A total of 1198 textile and garment projects were registered during that time, indicating the strength of the sector in Bangladesh. The garment sector accounts for 80% of the overall export revenue of the country.
Presently the readymade garment exports is rising rapidly as many countries shift from China into Bangladesh including many nontraditional buyers, The knitwear sector increased exports by 43.93% whilst exports of woven garments increased by 37.95% over the first 8 months of the fiscal year 2010-2011.
