Faruque Hassan, President, BGMEA signed a deal with Varun Vaid, Business Director, Wazir Advisors to launch a study on ‘Fiber Diversification of Non-Cotton Textile and Apparel for Bangladesh in the global market’. The study aims to identify potential scope for non-cotton textile and apparel by Bangladesh in the global apparel market and formulate a strategy to develop the country's overall competitiveness and strengths in the area.
It will identify key challenges for Bangladesh to capture a significant pie of non-cotton apparel market. The study will also analyze non-cotton product categories for their complexities, resources and trade volumes while economic, demand and sustainability rationale of non-cotton apparel will be looked upon.
It will assess the competitiveness of products, technologies, skill, cost and availability of other resources besides identifying challenges restricting Bangladesh's growth as a non-cotton products supplier.
A roadmap for manufacturers, investors, policymakers, development partners and other influencers will be developed detailing approach and ways to establish a strong presence in non-cotton textile and apparel market.
