Innovations, Cost-management Will Raise Bangladesh Denim Sector

Although the Bangladesh denim industry has all backward linkage industries such as for example weaving, dyeing, finishing and washing, practically 50 % of its denim fabrics are imported. As per ‘Denim in Focus,’ survey Bangladesh is the major importer of denim fabrics. Even so, it is also the top exporter of skinny jeans to the environment. Bangladesh currently exports over $6 billion skinny jeans annually. However, it could increase its export earnings with the addition of more value to its denims.

Bangladesh has 400 factories that manufacture only jeans. It network marketing leads exports in the woven sector with half of the country’s wovenInnovations price operations will boost Bangladesh exports staying achieved by skinny jeans. Of the 400 factories, 32 with a potential of 450 million meters yearly, are vertically integrated facilities. That is also one major reason for Bangladesh exporting the highest amount of denim products through the pandemic while other manufacturers registered negative growth. The sector offers huge scope for expansion and value addition.

Companies need to upgrade their R&D establishments to introduce new products and finishes, and also diversify into other businesses. They need to increase capability of both their cloth and skinny jeans manufacturing. Denim mills have to get gas connections on priority basis and make sure compliance with various other energy regulations. This can help ease their utility costs.

The industry needs to motivate indigenous brands to market Bangladesh with new dimensions. It requires to seem beyond the EU and US to reduce dependency on both of these markets and explore other global markets.

The Bangladesh denim industry must also adopt a proper strategy and recruit skilled employees. It needs to rebrand the sector to make it more credible and get foreign investors. One method to accomplish that is by increasing productivity, cost-effectiveness and resilience. The sector may also introduce product and market innovations to make sure a bright future ahead.