In fiscal 2020-21, BD domestic textile exports are expected to increase

Despite the ongoing Covid-19 epidemic, Bangladesh's export profits from home textile goods increased by 49.17 percent to $1.13 billion in the fiscal year recently ended, up from $559 million in the same time a year earlier. According to statistics from the Export Promotion Bureau (EPB).

Bangladesh's overall exports rose by 15.10% to $38.75 billion in the year ending March. Of the total earnings, $521.33 million came from bed and kitchen toilet lines products. Experts and sector people opined that the demands of home textile products rose as people stayed at home due to the ongoing Covid-19 pandemic.

Bangladesh has more capacity than others to cater the bulk demands of goods, trade leader M Shahadat Hossain said. He urged the government to continue the present policy support and offer more incentives and low-cost funds for working capital. The government also urged the manufacturers to maintain health safety guidelines so that the workers' rights are ensured and production remains active.