BANGLADESHI CLOTHING MANUFACTURERS EXPANDING FAST, DESPITE GLOBAL RECESSION
December 1st, 2008
BY PAUL COCHRANE
BANGLADESH'S clothing and ready made garment sector is undergoing unprecedented expansion, registering an average growth of 20% year on year, and with plans to be one of the top three exporters globally by 2013.
In the first four months of Bangladesh's fiscal year, from July to September 2008, the sector reported 45% growth in exports of woven and knitwear to US$3.35 billion, according to the Bangladesh Garment Manufacturers and Exports Association (BGMEA). Last year, growth averaged 20% compared to 2006. Woven wear grew 36.67% in the first ...
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