As per the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), the country bagged USD 35.42 billion from exports of apparel goods in the first 10 months until April of the present fiscal year. Ti has surpassed FY22’s target of USD 35.14.
After getting higher orders, Team Group, Urmi Group, Chattogram-based RDM Group and the real estate giant Sheltech, are now setting up new facilities to increase their production capacity to grab the opportunity.
However, the industry insiders say, 160 big and small factories enjoying BGMEA and BKMEA memberships for setting up new facilities injected approximately Tk 4,000 crore in constructing knit, woven and denim factories. Besides, the current investments in garment and textile industries amount to Tk18,000-Tk20,000 crore.
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