Chowdhury also added that the government has initiated multiple programmes and projects such as Expansion of Cotton Cultivation Project (Phase-1) which was undertaken in financial year 2014-15 at an investment of Taka 105 crore.
Cotton is the essential raw material used in the textile industry of Bangladesh and needs to be imported from other countries to fulfil its demands, said a Bangladeshi news agency quoting Chowdhury.
There are around 5,000 garment factories in Bangladesh and over 450 spinning mills. The country aims to export readymade garments worth $50 billion by 2021. (KD)
ALCHEMPro News Desk – India
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