Apparel producers expect $10.7b exports in FY08
Thursday, 19 June 2008
Apparel exports are expected to grow faster this fiscal year (2007-08), reaching around 10.7 billion US dollars with increased demand for local apparel items on the international market, reports UNB.
A delegation from Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) expressed the hope at a meeting with Chief Adviser's (CA's) Special Assistant for Industries Ministry Mahbub Jamil at his ministry.
The expectation still remains a little bit below the official target of about 11 billion dollars for the outgoing fiscal year. However, the expected exports would be 1.5 billion dollars or 16 per cent higher than the exports of 9.2 billion dollars in 2006-07.
During the July-March period of the outgoing fiscal year, knitwear exports increased by 17 per cent to about 4.0 billion dollars while woven garments by about 8.0 per cent to 3.8 billion dollars.
The BGMEA delegation, led by its president Anwar-ul-Alam Chowdhury, sought government cooperation in keeping up the growth trend of the sector.
A delegation from Bangladesh Garment Manufacturers and Exporters' Association (BGMEA) expressed the hope at a meeting with Chief Adviser's (CA's) Special Assistant for Industries Ministry Mahbub Jamil at his ministry.
The expectation still remains a little bit below the official target of about 11 billion dollars for the outgoing fiscal year. However, the expected exports would be 1.5 billion dollars or 16 per cent higher than the exports of 9.2 billion dollars in 2006-07.
During the July-March period of the outgoing fiscal year, knitwear exports increased by 17 per cent to about 4.0 billion dollars while woven garments by about 8.0 per cent to 3.8 billion dollars.
The BGMEA delegation, led by its president Anwar-ul-Alam Chowdhury, sought government cooperation in keeping up the growth trend of the sector.