More than US $ 23 billion has been invested in spinning, weaving and processing capacity, taking utilisation to over 100% for cotton-based knit yarn and around 80% for woven yarn. However, BTMA said conditions have worsened steadily over the past year, with the situation deteriorating sharply in the last three months.
Manufacturing News
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The IBFB welcomed Bangladesh Bank’s circular, which introduced relief measures for businesses facing financial stress. Under the circular, companies seeking to reschedule their loans are required to submit applications by 31st December 2025.
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Factory owners warned that if current conditions persist, nearly half of the country’s textile manufacturers could shut down by 2026, potentially cutting overall manufacturing capacity by around 50%.
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Managing Director Moinul Islam Mukul formally informed the authorities of the closure through a written application submitted to the Deputy Director General of the Department of Inspection for Factories and Establishments.
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Speaking at a conference hosted by Hyosung at the BGMEA Complex in Dhaka, Inamul Khan-Bablu, Senior Vice President, BGMEA underlined that in order to ensure the industry's long-term success, more attention must be paid to diversified clothing production based on synthetic fibres and other non-cotton materials.
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Demand in the United States, Bangladesh’s largest export market, has weakened amid persistent inflation and reduced consumer spending.
