Local apparel entrepreneurs have invited businessmen from India and other Asian countries to explore investment opportunities in the Bangladesh textile industry based on non-cotton fabric and man-made fibre as the country needs huge investment in this sector.”There is still 15% shortfall in knitted fabrics, and 60% in woven fabrics which Bangladesh needs to import,” said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), in the inaugural session of “Intex South Asia Bangladesh”, an international apparel textile sourcing show in the capital’s International Convention City Bashundhara on Thursday.Faruque Hassan said the textile industry in Bangladesh still does not have various raw materials like spandex, rayon, viscose, and other man-made fibres, so there is a huge investment opportunity in this sector.He also pointed out some of the government steps – such as allowing four more land ports to import cotton and yarn from India, and partial shipments – to promote trade between the two countries.
