[🇧🇩] India Out Campaign in Bangladesh

[Krishna with Flute]

Teaching India a lesson is not the objective of the campaign. The objective is more far-reaching, meaning local companies becoming more self-sufficient is producing FMCG products, for which the amount of goods imported from India is too high.

We can't keep importing toothpaste and shampoo from another country - it is embarrassing for a country of 175 Million.

Then it should be Make in BD campaign and not boycott India campaign. You are not importing something you produce locally, and you are not going to produce the things which you intend to boycott which you currently buy from India. So this Al Takia is not useful.

Anyway, we shall be more than happy if BD boycott Indian goods, Cotton and other textile Material, Food grains and medicines. It has a global market everywhere and it is rising like anything. You must continue the campaign.

 

[Vsdoc]

@Lulldapull what is the technical meaning if Al Takia?

The pillow?

 

[Lulldapull]

@Lulldapull what is the technical meaning if Al Takia?

The pillow?

Taqia means coming to an agreement under duress to save yer neck!

 

[Krishna with Flute]

@Lulldapull what is the technical meaning if Al Takia?

The pillow?

It means deception. Lying when you are weak to fool the other people till you become strong to make the nation Darul Islam.

 

[Bilal9]

And what about the other synthetic Material?

Bangladesh produces mostly Cotton apparel, Synthetic fiber (Rayon or Polyester, namely for Viscose Staple Fiber VSF and Polyester Staple fiber PSF) import is negligible but growing as percentage of Synthetic apparel produced is also growing.

See story below for import figures of VSF and PSF for last two years.

Spinning spindle capacity locally is sufficient to meet most local weaving needs. Bangladesh has 430 yarn manufacturing mills with total 13.17 million spindles and 0.23 million rotor heads as of 2019. These mills can produce 2,950 million kg of yarns per year. recently in the last two years, textile entrepreneurs have invested Tk 5,970 crore in 26 new spinning plants, adding more than 745,400 new spindles to their combined capacity.

So total spinning capacity stands at 14 Million spindles altogether which have mixed and all sorts of fancy yarns as products. To compare - total spindle capacity in India hovers around 50 Million spindles.

BD apparel sector should focus on MMF shift to boost export​

ByTextile Focus
March 27, 2024

Mohammad Nurul Alam

Bangladesh’s apparel sector aims to reach the USD 100 billion milestone by 2030 but to achieve a new mountain peak an overall diversification of products requires to focus on value addition. MMF (Man Made Fiber) products can help to multiply the value in exports and to grab a new marketplace. The various common and special synthetic fibers include acrylic, polyester, nylon, carbon fiber, spandex, and rayon. Almost half of all apparel exports worldwide are of MMF products while 42% are cotton-based garment items so no doubt, this a good opportunity for Bangladesh to step forward to earn more from the export of MMF products.

Worldwide MMF market size:

Data Bridge Market Research analyses show that the global synthetic fibers market, which was USD 65.53 billion in 2022, is expected to reach USD 93.91 billion by 2030, growing at a CAGR of 4.60% during the forecast period of 2023 to 2030. Some other sources said the global synthetic fibers market size is estimated at USD 69.81 billion in 2022 and it is expected to reach around USD 118.68 billion by 2032. Sources said Bangladesh exports only 24% of its apparel export in MMF quality and 76% is exported based on cotton-based garments.

Why is MMF quality gaining popularity:

The demand for synthetic fibers is growing because the quality is comparatively durable, cost-effective, and easy to wash. This quality product could provide a high comfort level during outdoor sports events and workouts. It has low absorbing rates and hence they are preferred over cotton for fabric production, and this has provided new growth opportunities for the global manmade and special fiber fabrics market.

In addition to this manufacturers are trying to produce fabrics with UV-protecting and moisture-resisting features. The growing demand for furniture and growing emphasis on home furnishing, automotive, clothing, and filtration is also increasing.

Polyester staples are used as a filling material in soft toys, sofas, and pillows because they can provide resilience and firmness. The category of home furnishing is anticipated to cast a share of around 14.5% in the years to come and so the boost up of the synthetic fibers market is being forecast to be bigger by manifold.

Bangladesh MMF import surge due to increasing demand:

Bangladesh local spinners imported 1.10 lakh tonnes of PSF at a cost of about Tk 1,243 crore in the year 2022 and 1.34 lakh tonnes of PSF were imported for around Tk 1,280 crore in 2023. According to data from the Bangladesh Textile Mills Association (BTMA) between January and April of the year 2023, Bangladesh imported 30,653 tonnes of PSF worth roughly Tk 330 crore.

Last year in 2022 the country also imported 92,898 tonnes of VSF worth about Tk 1,734 crore and 73,230 tonnes for Tk 1,265 crore in 2021. The data showed in the first four months of 2023 a total of 48,431 tonnes of VSF worth Tk 931 crore were imported. During the January- November period of 2023, Bangladesh imported 0.21 million tonnes of polyester and viscose fibers. As per data, the import was 13.39 % higher than the 0.18 million tonnes bought during the corresponding period of 2022.

Bangladesh’s situation in the MMF yarn production:

In the spinning sector, Bangladesh has around 430 mills that are operating various yarn out of which only around 27 mills are producing man-made yarn based on polyester quality. The production facilities for other man-made fibres like polypropylene, nylon, acrylic, etc. are yet to be established in the country or have a small phase of the facility. The yarn produced by the local mills can meet around only 20% of the country’s demand for the product of synthetic quality. Industry insiders believe if Bangladesh can invest in the backward linkage of the man-made textile value chain as well as improve technical expertise, the opportunity to capture the remaining 80% of the demand can be met and could save foreign currency.

Bangladesh Garment Manufacturers and Exporters Association President Faruque Hassan said at the event of Bangladesh Business Summit 2023 “Bangladesh’s apparel industry needs more investment in the backward linkage industry to develop a strong artificial fiber base as the global demand has been changing towards non-cotton and circular fashion products.”

In the same event Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association, said “Clothing made of synthetic materials, technical textiles, and other diversified sustainable items could play a significant role in achieving $100 billion in export earnings from RMG by 2030.”

BGMEA wants cash incentives for the MMF-based garment:

To boost apparel export value BGMEA wants a 10% cash incentive for garment exporters who are making goods out of man-made fibers. Because the price of garment items made from man-made fibres is higher than those made from cotton. The demand has been delivered to the government by the written letter several times. BGMEA wrote to the government last year to provide a special allocation for the incentive because global demand for man-made fiber-based garments was higher than that for cotton-based ones.

In this regard, the BGMEA president said, “If the government pays more cash incentives, more investment will come to the sector and the country will be more competitive globally.”

“It will be easier to face the graduation challenges and if it is possible to pay the direct cash incentive to the garment exporters up to 2026 focusing the graduation. By that time, the sector will grow further, and the incentive might not be needed after 2026” said Faruque Hassan with the news media.

In conclusion, global demand for MMF-based apparel items has been growing because of uncertainty in cotton prices and production. So, this is high time for Bangladesh to work more on non-cotton fiber and similar quality to boost the apparel business.

 

[Krishna with Flute]

Bangladesh produces mostly Cotton apparel, Synthetic fiber (Rayon or Polyester, namely for Viscose Staple Fiber VSF and Polyester Staple fiber PSF) import is negligible but growing as percentage of Synthetic apparel produced is also growing.

See story below for import figures of VSF and PSF for last two years.

Spinning spindle capacity locally is sufficient to meet most local weaving needs. Bangladesh has 430 yarn manufacturing mills with total 13.17 million spindles and 0.23 million rotor heads as of 2019. These mills can produce 2,950 million kg of yarns per year. recently in the last two years, textile entrepreneurs have invested Tk 5,970 crore in 26 new spinning plants, adding more than 745,400 new spindles to their combined capacity.

So total spinning capacity stands at 14 Million spindles altogether which have mixed and all sorts of fancy yarns as products. To compare - total spindle capacity in India hovers around 50 Million spindles.

BD apparel sector should focus on MMF shift to boost export​

ByTextile Focus
March 27, 2024

Mohammad Nurul Alam

Bangladesh’s apparel sector aims to reach the USD 100 billion milestone by 2030 but to achieve a new mountain peak an overall diversification of products requires to focus on value addition. MMF (Man Made Fiber) products can help to multiply the value in exports and to grab a new marketplace. The various common and special synthetic fibers include acrylic, polyester, nylon, carbon fiber, spandex, and rayon. Almost half of all apparel exports worldwide are of MMF products while 42% are cotton-based garment items so no doubt, this a good opportunity for Bangladesh to step forward to earn more from the export of MMF products.

Worldwide MMF market size:

Data Bridge Market Research analyses show that the global synthetic fibers market, which was USD 65.53 billion in 2022, is expected to reach USD 93.91 billion by 2030, growing at a CAGR of 4.60% during the forecast period of 2023 to 2030. Some other sources said the global synthetic fibers market size is estimated at USD 69.81 billion in 2022 and it is expected to reach around USD 118.68 billion by 2032. Sources said Bangladesh exports only 24% of its apparel export in MMF quality and 76% is exported based on cotton-based garments.

Why is MMF quality gaining popularity:

The demand for synthetic fibers is growing because the quality is comparatively durable, cost-effective, and easy to wash. This quality product could provide a high comfort level during outdoor sports events and workouts. It has low absorbing rates and hence they are preferred over cotton for fabric production, and this has provided new growth opportunities for the global manmade and special fiber fabrics market.

In addition to this manufacturers are trying to produce fabrics with UV-protecting and moisture-resisting features. The growing demand for furniture and growing emphasis on home furnishing, automotive, clothing, and filtration is also increasing.

Polyester staples are used as a filling material in soft toys, sofas, and pillows because they can provide resilience and firmness. The category of home furnishing is anticipated to cast a share of around 14.5% in the years to come and so the boost up of the synthetic fibers market is being forecast to be bigger by manifold.

Bangladesh MMF import surge due to increasing demand:

Bangladesh local spinners imported 1.10 lakh tonnes of PSF at a cost of about Tk 1,243 crore in the year 2022 and 1.34 lakh tonnes of PSF were imported for around Tk 1,280 crore in 2023. According to data from the Bangladesh Textile Mills Association (BTMA) between January and April of the year 2023, Bangladesh imported 30,653 tonnes of PSF worth roughly Tk 330 crore.

Last year in 2022 the country also imported 92,898 tonnes of VSF worth about Tk 1,734 crore and 73,230 tonnes for Tk 1,265 crore in 2021. The data showed in the first four months of 2023 a total of 48,431 tonnes of VSF worth Tk 931 crore were imported. During the January- November period of 2023, Bangladesh imported 0.21 million tonnes of polyester and viscose fibers. As per data, the import was 13.39 % higher than the 0.18 million tonnes bought during the corresponding period of 2022.

Bangladesh’s situation in the MMF yarn production:

In the spinning sector, Bangladesh has around 430 mills that are operating various yarn out of which only around 27 mills are producing man-made yarn based on polyester quality. The production facilities for other man-made fibres like polypropylene, nylon, acrylic, etc. are yet to be established in the country or have a small phase of the facility. The yarn produced by the local mills can meet around only 20% of the country’s demand for the product of synthetic quality. Industry insiders believe if Bangladesh can invest in the backward linkage of the man-made textile value chain as well as improve technical expertise, the opportunity to capture the remaining 80% of the demand can be met and could save foreign currency.

Bangladesh Garment Manufacturers and Exporters Association President Faruque Hassan said at the event of Bangladesh Business Summit 2023 “Bangladesh’s apparel industry needs more investment in the backward linkage industry to develop a strong artificial fiber base as the global demand has been changing towards non-cotton and circular fashion products.”

In the same event Mohammad Ali Khokon, president of the Bangladesh Textile Mills Association, said “Clothing made of synthetic materials, technical textiles, and other diversified sustainable items could play a significant role in achieving $100 billion in export earnings from RMG by 2030.”

BGMEA wants cash incentives for the MMF-based garment:

To boost apparel export value BGMEA wants a 10% cash incentive for garment exporters who are making goods out of man-made fibers. Because the price of garment items made from man-made fibres is higher than those made from cotton. The demand has been delivered to the government by the written letter several times. BGMEA wrote to the government last year to provide a special allocation for the incentive because global demand for man-made fiber-based garments was higher than that for cotton-based ones.

In this regard, the BGMEA president said, “If the government pays more cash incentives, more investment will come to the sector and the country will be more competitive globally.”

“It will be easier to face the graduation challenges and if it is possible to pay the direct cash incentive to the garment exporters up to 2026 focusing the graduation. By that time, the sector will grow further, and the incentive might not be needed after 2026” said Faruque Hassan with the news media.

In conclusion, global demand for MMF-based apparel items has been growing because of uncertainty in cotton prices and production. So, this is high time for Bangladesh to work more on non-cotton fiber and similar quality to boost the apparel business.

Do you read the article before you post or not? Infact, the article you posted Exactly supports what I say.

Read bellow from your own post.

The demand for synthetic fibers is growing because the quality is comparatively durable, cost-effective, and easy to wash.

Bangladesh local spinners imported 1.10 lakh tonnes of PSF at a cost of about Tk 1,243 crore in the year 2022 and 1.34 lakh tonnes of PSF were imported for around Tk 1,280 crore in 2023.

According to data from the Bangladesh Textile Mills Association (BTMA) between January and April of the year 2023, Bangladesh imported 30,653 tonnes of PSF worth roughly Tk 330 crore.

Last year in 2022 the country also imported 92,898 tonnes of VSF worth about Tk 1,734 crore and 73,230 tonnes for Tk 1,265 crore in 2021.

 

[Bilal9]

Do you read the article before you post or not? Infact, the article you posted Exactly supports what I say.

Read bellow from your own post.

Well good. I stand corrected then.

The PSF and VSF imported is not just from India, it represents the total imported for that year.

And cotton imported is far larger in volume compared to PSF and VSF.

I think we have a language disconnect because I don't understand what you are trying to put forth.

 

[Vsdoc]

Well good. I stand corrected then.

The PSF and VSF imported is not just from India, it represents the total imported for that year.

And cotton imported is far larger in volume compared to PSF and VSF.

I think we have a language disconnect because I don't understand what you are trying to put forth.

There is a disconnect for sure.

But I don't remotely think its language.

@Guru Dutt is actually from the industry.

And unlike you, he does not pretend to be a gyan baba on stuff he knows little of.

Guru, would you like to share the true story of Bangladeshi garment industry post their tinpot revolution for the membership of this august forum?

Thanks.