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Garments & Textiles – MH (1)

  /  Garments & Textiles – MH (1)

Bangladesh is the largest exporter of apparel products in the world along with China and Vietnam, there is a huge investment opportunity in the textile and garment industry. The available workforce at a reasonable wage, duty-free market access in major export destinations, preferential location in the heart of the Asia-Pacific region and government policy support acted as a catalyst to attract foreign investment in the textile and apparel industry, stakeholders opined. In the RMG industry demand for fabric significantly exceeds local supply and it is currently being met by imports. Backward linkage is a significant trading opportunity and supported by a government backed incentive: 15% cash subsidy of the fabric cost to exporters sourcing fabrics locally.