শুক্রবার, ৩১ জুলাই ২০২৬, ০৭:০৮ অপরাহ্ন
DHAKA, July 31, 2026 (BSS) – Bangladesh has the potential to capture 12 percent of the projected US$375 billion global man-made fibre (MMF) apparel market by 2030 through policy reforms, investment promotion and industrial upgrading, Bangladesh Foreign Trade Institute (BFTI) Chief Executive Officer (Additional Charge) Dr Saif Uddin Ahammad said.
Talking to BSS, Dr Ahammad said the global apparel industry is rapidly shifting from cotton-based products to man-made fibre garments, creating significant opportunities for Bangladesh to diversify its export basket and strengthen its position in the international market.
“Bangladesh cannot afford to miss this transition. Capturing a meaningful share of the global MMF market is essential for sustaining export growth, strengthening competitiveness and securing the future of the country’s apparel industry,” he said.
Referring to a recent study, he said, the global MMF apparel market is expected to reach US$375 billion by 2030 and Bangladesh should set a target to secure a sizeable share of that market to support its long-term export growth strategy.
Dr Ahammad said the roadmap envisions transforming Bangladesh into a regional hub for MMF apparel through phased reforms, including removing policy barriers, attracting foreign and domestic investment, strengthening backward linkage industries and improving technological capabilities.
He said the government has identified tariff rationalisation on MMF raw materials, faster approval of foreign direct investment (FDI), expansion of domestic polyester staple fibre and synthetic yarn production, access to affordable financing and development of a skilled workforce as key priorities to accelerate the sector’s growth.
Despite being the world’s second-largest apparel exporter, Bangladesh’s export basket remains heavily dependent on cotton products, while global demand is increasingly shifting towards synthetic and blended fibre garments, he observed.
“Expanding MMF production is no longer simply an opportunity; it is an economic necessity as Bangladesh prepares for the post-LDC trading environment,” Dr Ahammad said.
He stressed that stronger policy support and coordinated implementation would enable Bangladesh to compete more effectively with leading MMF-producing countries.
The BFTI chief also emphasised the need to extend bonded warehouse facilities, introduce dedicated credit schemes for MMF manufacturers, encourage technology transfer and promote higher-value products such as activewear, sportswear and technical textiles to diversify the country’s export basket.
Expressing optimism, Dr Ahammad said timely implementation of the government’s roadmap and close collaboration between the public and private sectors would position Bangladesh as a major global supplier of man-made fibre apparel in the coming decade.
