Reuters :
Bangladesh, the world’s second largest cotton importer, has invited buyers and sellers to a two-day global summit from next Friday to help support its textile and clothing exports.
The sector accounted for $24 billion of Bangladesh’s $25 billion of goods exports in the fiscal year to end-June 2014.
“We plan to raise our ready-made garments and textile exports to $50 billion by 2021,” Tapan Chowdhury, the President of Bangladesh Textile Mills Association told a news conference on Wednesday.
Bangladesh has to import more than 90 percent, or 5.5 million bales of cotton annually.
Bangladesh, the world’s second largest cotton importer, has invited buyers and sellers to a two-day global summit from next Friday to help support its textile and clothing exports.
The sector accounted for $24 billion of Bangladesh’s $25 billion of goods exports in the fiscal year to end-June 2014.
“We plan to raise our ready-made garments and textile exports to $50 billion by 2021,” Tapan Chowdhury, the President of Bangladesh Textile Mills Association told a news conference on Wednesday.
Bangladesh has to import more than 90 percent, or 5.5 million bales of cotton annually.
