Imported yarn costs cheaper. Really?
In 2024, Bangladesh's cotton yarn imports soared by 39%, reaching an all-time high of $2.28 billion, according to National Board of Revenue data. Simultaneously, knitwear factories ramped up their fabric imports by 38%, spending another $2.59 billion. A staggering 80% of these imports came from India, a country emerging as a formidable competitor in the ready-made garment (RMG) sector.
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