Page 18 - July/August 2019

18
Bangladesh loses, Vietnam

gains global apparel export

market share

Despite having enormous scope to gain from Although China still retains its position as the top
US-China trade war, Bangladesh suffers loss. In exporter of apparel products with $158bn, its
2018, Bangladesh has lost its global market share market share slid to 31.3pc in 2018 from 34.9pc in
in apparel exports by 0.1pc point to 6.4pc whilst its the previous year. India's market share came down
closest competitor Vietnam has gained new market to 3.3pc from 4.1pc, while Turkey’s share fell to
share. In FY 2018-19, Bangladesh apparel sector 3.1pc, which was 3.3pc a year before.
export earnings showed an 11.49pc growth to hit
$34.13bn from $30.61bn in previous FY.
Experts attribute the slid to lack of delivery capacity
According to the World Trade Statistical Review and higher appreciation of taka against the US
2019, out of the global apparel export market of dollar, which affected Bangladesh’s apparel
$421bn, Bangladesh grabbed $32bn in 2018, which manufacturers’ competitive edge in the
was $29bn in 2017. global market.

State of the art facility for AD

compressed air engineering at N.T.U

Dr Tanveer Hussain, Rector National Textile University,
Faisalabad.

The talk was followed by presentation of Prof Dr
Arshad Ali (CEO, Asian Institute of Industrial Air) on
Textile 4.0, the fourth industrial revolution. Mr Imtiaz
Ali Rastgar, founder and Chairman of Rastgar Group,
delivered a small talk on Cost Driver on Textile
Productivity and Competitiveness. A representative
MoU signing ceremony was held between NTU and from Gardner Denver, Mr John Fyfe, gave his
the Asian Institute of Industrial Air. This partnership remarks on Invisible cost drivers: compressed air.
signifies the unique model where the best German
international compressor brand will provide Rastgar Group will support the installation and
compressor equipment. Seminar on Fostering optimization of the facility for encouraging the
University-Industry Partnership Supporting Textile Univ-Industry partnership. The Lab will be used for
Industry was held at Circle Club, Faisalabad in teaching the compressor related courses, Industry
collaboration with the Asian Institute of Industrial Air. need-based training, and research related to
advancement in compressor air technology. Asian
The event was attended by distinguished CEOs from Institute will provide funding support for applied
Textile Industry. A welcome address and a research. The Pakistan Textile Sector has the
presentation on NTU Textile Innovations was given by opportunity to benefit from this state of the art facility.

July/August 2019