Investment in artificial fibre still low thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Growing demand in denim item has created new opportunity thedailynewnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailynewnation.com Daily Mail and Mail on Sunday newspapers.
The highly promising home textile sector of Bangladesh is losing its lustre in the export market as the lingering gas crisis, the volatile exchange rate and the higher production cost are forcing many factories to go out of business.
Bangladesh has conquered the global denim market by becoming the top supplier of the popular garment item to both the EU and US, with local investors continuing to pour in funds to capitalise on further growth in global markets.
The export of cotton waste from Bangladesh is rising rapidly on the back of higher demand for recycled garments globally amid growing consumer awareness and their lower prices in the domestic market.