The Bangladesh Textile Mills Association (BTMA) has cautioned that if the government does not ensure continuous gas and electricity supplies, the scheduled textile investment may be postponed or canceled.
Textile mills operate around the clock, thus uninterrupted power and electrical supply are essential. Already, the sector has received investments worth Tk 6,060 crore in 2021 and Tk 4,048 crore in 2022.
In 2023, the worldwide textile and clothing market will be valued at $1.7 trillion, with the apparel sector accounting for $700 billion of that total. However, Bangladesh accounts for only $45 billion of the market.
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