Chairman's Message

The growth of our Garments Export is largely dependent on the growth of Knit wear which is rapidly increasing at a rate of 30% per year .

Our Group turnover is also increasing  at the same rate which is mainly focused in the  Knit sector with the combination of dyed yarn manufacturing  for LIGHT & HEAVY KNIT WEAR and  manufacturing of  HEAVY  KNITWEAR ie. Sweaters, cardigans & Pull overs.

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BD now 2nd largest knitwear exporter in world after China

Bangladesh has become the world's second largest knitwear exporter after China, replacing India from where the country imports most raw materials, mainly yarn, at a higher cost, traders said on Saturday.

"We are now the second largest exporter in the world after China," AKM Salim Osman, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) told the FE.

However, the BKMEA president could not give immediately the exact figures of Bangladesh's present share in the world export market.

The achievement was remarkable as the industry worked hard despite erratic supply of power and labour unrest that often temporarily disrupted production, traders said.

Knitwear exports rose 46.25 per cent to $9.48 billion in fiscal year (FY) 2010-11, when the total apparel exports rose 43.35 per cent to nearly $18 billion, a data of Export Promotion Bureau (EPB) said.

The export target for the apparel sector has been set at $20.29 billion for the current FY 2011-12 with the country's annual aggregate export target being projected at $26.3 billion for the year against $18.5 billion in the last fiscal.

The exports surged the target by 41.5 per cent to reach $22.92 billion in 2010-11.

The overall exports of woven and knitwear already started showing an upward trend as India recently has given access for Bangladesh's 46 garments products, traders said.

Meanwhile, the potential knitwear industry in India based on inherent strength of strong raw materials, blamed high cost of labour, power and water as the main causes for being beaten by its tiny neighbour Bangladesh, the Confederation of Indian Textile Industry (CITI) said.

Stringent labour laws and disruptions in power and water supplies were the other problems being faced by the Indian knitwear manufacturers and exporters, industry sources in India said.

Bangladesh knitwear exports presently exceeded those of India in meeting the global demand for knitwear, the CITI said.

China with its annual exports worth $53.8 billion continued as the biggest knitwear exporter meeting some 33.5 per cent of the global needs, said CITI.

According to CITI, both India and Bangladesh had a share of 2.5 per cent in the global knitwear market in 2005. Bangladesh, however, enjoyed an edge over India in exports of t-shirts, pullovers, cardigans and baby garments.

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