China tops Bangladesh raw material supply amid investor surge: Reports

The increasing demand for fabrics, yarns, chemicals, dyes, and machinery used in the Bangladesh textile and garment sector has led to China becoming Bangladesh’s largest supplier.

This is as per media reports, which added simultaneously, rising production costs in China, coupled with a scarcity of skilled workers, have prompted Chinese investors to turn their attention to Bangladesh even if this trend is particularly pronounced in the textile and garment sector.

According to industry insiders, Bangladesh imports nearly $20 billion worth of goods, including fabrics, from China as Chinese fabric sellers continue to target export-oriented garment factories in Bangladesh, experiencing a surge in orders from global retailers and brands.

This growing reliance on China is attributed to local weavers able to meet only 40 per cent of the demand for woven fabrics, while the remaining 60 per cent sourced through imports, primarily from China and India.

Meanwhile, speaking to the media, senior vice-president of the Federation of Bangladesh Chambers of Commerce and Industry, Amin Helaly, emphasised the significant opportunity for Chinese investors even as he added Bangladesh annually imports of over $10 billion worth of fabrics from China.

ALCHEMPro News Desk (DR)