Wednesday, April 24, 2024
HomeNews & ViewsBusiness FocusBangladesh is focusing on technological advancement

Bangladesh is focusing on technological advancement

Bangladesh textile manufacturing is focusing on the technological advancement to meet the foreign buyers’ requirements. New investments by Bangladesh garment manufacturers are focused on compliance and technology to meet buyers’ requirement and workplace safety. Some are also concentrating on producing value added products. The latest technology and innovations are core in the investment as consumers’ behavior and taste are changing very fast in the fashion industry. As of now, Bangladesh has capacity in excess for some products and segments. So the new investment and expansion are focusing on new products having scope to grow. New ventures need more investments, modern technology, enhanced efficiency, productivity, compliance and environment-friendly measures to be sustainable and competitive in the global supply chain.

In 2019, many knitwear manufacturers in Bangladesh, mostly small and medium, shut down, making thousands of people jobless. Non-compliance and lack of implementation of the new wage structure are largely blamed for the closures. Other reasons are a lack of enough work orders and loss of competitiveness due to a rise in production costs. Units also complain of not getting banking support in improving compliance and meeting other necessary expenses.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Exhibition - spot_img
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Textile Sustainability: A Journey Towards a Greener Fashion Industry

Padmanaban Pasuvalingam Introduction In recent years, the rapid growth of the fashion industry has faced increasing scrutiny over its environmental impact. One of the critical areas...

Mimaki launches environmentally conscious two-step textile transfer printing solution TRAPIS

Mimaki’s new textile pigment transfer printing system, named TRAPIS, makes significant savings on wastewater compared to conventional methods Latest innovation also broadens application possibilities for...

Bangladeshi exhibitors and visitors to attend most important Technical textile expo

"Techtextil and Texprocess 2024 have commenced today in Frankfurt am Main. Techtextil, renowned as the leading international trade fair for technical textiles and nonwovens,...