Man-made fibre (MMF) based-apparel growing in popularity globally, Bangladesh garment makers want to increase their market share in the same even as it is evoking interest amongst the textile manufacturers in the country to invest in MMF to cash the opportunities on offer.
Speaking to the media, the President of the Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon has reportedly underlined entrepreneurs involved with textile making need around eight to ten economic zones with speedy completion to set up new units to manufacture MMF even as he opined there has been lot of discussion pertaining to broad usage of MMF and investments in the country’s primary textile sector with focus on MMF.
The BTMA President further reportedly added considering the prospects in MMF-based apparel as the amount of MMF being used in Bangladesh is still insignificant.
Reports further claimed within the next two or three years, the global MMF clothing demand will exceed 70 per cent even if Bangladesh only has a stake of US $ 10 billion in the US $ 700 billion market.