Shortage of 4 lakh tonnes of yarn for readymade garments

Textiles and Jute Minister Jahangir Kabir Nanak said there is a shortage of 4 lakh metric tons of yarn compared to the demand of net yarn in terms of export of ready-made garments.

Parliament member Md. He said this in response to Zakaria’s written question. Speaker Dr. Shirin Sharmin Chowdhury presided over the parliament.

The minister said that in terms of exports of ready-made garments, the demand for woolen and denim fabrics is about eight billion meters. Of that, four billion meters are produced domestically and four billion meters are imported. In terms of export of ready-made garments, the demand of net yarn is about 16 lakh metric tons. 12 lakh metric tonnes of yarn is produced in the country and there is a shortfall of about four lakh metric tonnes, which is imported.

He said that the Department of Textiles under the Ministry of Textiles and Jute is registering the textile industry as a clothing authority. As a result of the simplification of services by the Garment Authority, industrial entrepreneurs are setting up new textile and yarn manufacturing industries in the country. As a result, the shortage of ovens for exports of ready-made garments and denims for exports will gradually decrease.

At present, the annual demand for textiles in the country’s local market is about 7 billion meters. There is no shortage of demand for textiles in the local market of the country.