Driven by textiles, Commerce Ministry sets ambitious export target
06 Oct '05
2 min read
He requested the Commerce Ministry to enhance the target that was later raise to $3,950 million (3.95 billion).
Knitwear sector target has also been raised to $3,600 million (3.60 billion) from the EPB's proposed $3,400 million (3.40 billion).
Against last fiscal's earning of US$ 96.19 million in footwear, target this year has been up to $ 120 million, while jute goods target was hiked to $400 million compared to last fiscal's $307.48 million.
BGMEA leaders have pleaded for uninterrupted electricity supply to the industrial units to ensure round the clock production.
As for knitwear sector, leaders sought reduction in cotton price to achieve export targets.
During fiscal 2004-2005, Bangladesh achieved a 14 percent export rise earning $8.65 billion in foreign exchange for the country.
Woven garment sector earned $3.59 billion against $3.85 billion worth target, even as knitwear sector reached $2.81 billion on a target of $2.50 billion.
marketing@alchempro.com
