by Apparel Resources News-Desk
09-August-2018 | 1 min read
Bangladesh is doing well in making sweaters, a sub-sector of the readymade garments industry of the country, following technological upgradation.
Export Promotion Bureau (EPB) data shows, the segment of sweaters contributed to 12 per cent of Bangladesh’s total apparel shipment worth US $ 30.6 billion during the fiscal 2017-18. The growth in the sweater manufacturing has been impressive as well.
Data says, sweaters fetched US $ 3.6 billion during the fiscal, which is 9.3 per cent higher in a year-to-year (Y-to-Y) basis compared to the US $ 3.36 billion exports during fiscal 2016-17.
Industry insiders say, the rise in sweater exports can be attributed to two definite reasons – the technological upgradation that Bangladesh has been undergoing, aka automation, and the expanding winter season in the western hemisphere compelling increasing orders.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Vice President (Finance) Mohammed Nasir has reportedly attributed the increased earnings to upgraded machinery – which has increased production capacity as well as worker productivity.
The export growth could be even greater if there was enough logistical support at ports and in the transportation sector, he added.
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