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Related Keywords: apparel export, Bangladesh textile imports, garment exports, Hamid Fabrics, imports of textile machinery, textile production capacity

Bangladesh’s imports of capital machinery by the primary textile sector increased about 54 percent year-on-year in fiscal 2014-15 on the back of higher demand for raw materials from garment exporters.

According to data from Bangladesh Textile Mills Association, $445.7 million worth of capital machinery was imported by the sector in the last fiscal year. A BTMA certification is required for importing machinery for the textile sector.

Related Keywords: Ayka Textile, textile production capacity

Ayka Textile, a vertically integrated textile manufacturer, covering spinning, knitting, dyeing and sewing originally from Turkey moved to Ethiopia to stay competitive on the global market with an investment of 140 million dollars and build a vertically integrated subsidiary the Ayka Addis Group, which is operational since 2010. The group has planned one billion Birr investment plan to expand its textile production capacity and thus boost its exports.