Bangladeshi home textile has been emerging as top most preferable destination for the international buyers thanks to better quality, competitive prices and diversity of products, sector insiders said.
For fulfilling the increasing demand of the international buyers most of the home textile mill owners are going to increase their production capacity.
"Demand for country's home textile goods have been increasing significantly in recent times and as a result we see a bright future for this sub-sector", president of Bangladesh Textile Mills Association (BTMA) Jahangir Alamin told The Financial Express (FE) Tuesday.
He said a large number of global buyers are shifting here from China and Pakistan creating a fresh opportunity for Bangladesh.
The state-run Export Promotion Bureau (EPB) data show that during the July-April period in current fiscal year 2013-14 the country exported home textiles worth $ 649.69 million to traditional and non-traditional markets including the EU countries, the UK, USA, Canada, Mexico, Australia, Japan and Dubai.
The exports of such home textiles like bed sheets, bed covers, blankets and travelling rugs, bed, table, toilet and kitchen linens, curtains, drapes, interior blinds, furnishing articles, sacks and bags used for packing of goods, tents, camping goods, tarpaulins etc.
According to BTMA, Noman Group, Alltex, ACS Textile, Saad Musa, Regent, JK Group and Classical Home are the major manufacturers and exporters of home textile in the country.
The Board of Investment (BOI) data showed a total of 1197 fresh investment proposals were registered from the local investors in 2013 and most of them had shown their interest in investing in textile sector despite frequent factory disasters.
It's also learnt that a total of 284 industrial units for textile sector got registered with an investment worth Tk 100.1 billion.
Shaikh Hasan Zaman, director of Saad Musa, a leading home textile manufacturing group, said home textile sector has great potential.
"But the sector has failed to make progress due to lack of support in such critical moment right now," he said.
He said from the very beginning the sector was not booming for inadequate supply of power and gas and the production cost is rising day by day.
He said the situation can be improved if initiatives are taken properly and in time.
Abdul Hai Sarker, former president of Bangladesh Textile Mill Association said buyers are turning to Bangladesh from China and Pakistan where production cost is higher.
In recent times new export orders have increased significantly as a result most of the companies are going to increase production capacity, he said.
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