Related Keywords: attract new investment, Bangladesh government, development in local, double existing production, drafted textile policy 2014, existing textile policy failed, export oriented garment sector, Global textile market, high value added products, new policy initiated, raise domestic production, use modern technology
The Bangladesh government has drafted the 'Textile Policy 2014’, the move to prepare a new policy was initiated as the existing textile policy of 1995 has failed to address the developments in local as well as global textile market, officials said.
The new textile policy drafted plans to raise the domestic production to 14,036 metres by the fiscal year 2019-20 that is double the existing local textile production.
