The level of integration of the textile and apparel sectors in Bangladesh is varied differently for knit and woven sub sectors. Knit sub sector is significantly integrated in building production capability to meet almost 95% of the requirement of the knit garment sector. In fact, knit garments industries are usually composite industry, i.e., having knitting, dyeing, finishing and garment manufacturing facilities in the same premises or same owner but different premises. The primary reason behind the faster and longer integration in the knit sub sector was due to relatively low investment requirement and simpler manufacturing and processing technology that could be adopted easily.
Though Bangladesh is exporting huge quantity of woven garments, it is not self reliant for fabrics. Bangladesh imports woven fabric from other Asian countries to meet the quantity and quality of the garments. Around 75% woven fabrics are imported from other countries. Woven garments industry is not integrated in Bangladesh. Weaving, dyeing and finishing factories are usually in different premises and owned by different owner. The main reason behind the non-integration and lower numbers of weaving, dyeing and finishing unit was that requires relatively higher investment. For Example, a knit manufacturing dyeing and finishing unit of a minimum economic size could be set up in Bangladesh at a cost about US$ 3.5 million while investment requirement for establishing a woven fabric manufacturing plant of minimum economic size with appropriate dyeing and finishing facilities would cost at least ten times higher than a knit project.
The textile sector in Bangladesh is dominated by RMG industries. In Dec 2009, the sector consists of about 4500 RMG units exporting US$ 13 billion, 324 spinning mills to produce yarn and 420 fabric manufacturing units, 205 dyeing, printing and finishing units that offer quality products for RMG. Investment in the sector is increasing day by day. Fabric consumption is increased by 20% per annum.[1] This offers a tremendous opportunity for further investment.
Total Investment in the Textile sector is € 4 Billion.
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