The contribution of knitwear sub-sector in Bangladesh’s readymade garment (RMG) export earnings is gradually increasing over the years even if it emerged the top foreign currency earner in FY ’22.
According to reports, an analysis of data from the Export Promotion Bureau (EPB), Bangladesh Bank and the apparel trade bodies maintained Bangladesh fetched US $ 21.51 billion from RMG exports in FY ’12 even if of the amount, 38.76 per cent came from knit items.
Industry people, reportedly, attributed this growth to the strong backward linkage, Government policy support, capacity to make quick delivery, amongst others.
Speaking to media, knitwear exporters, reportedly, claimed Government’s policy supports (cash incentive and utility) have helped the entrepreneurs to invest in the sub-sector including in backward linkage (yarn, fabric and dying).
