SANGSAD BHABAN, June 10, 2018 (BSS) – A bill styled “The
Textile Law, 2018” was placed in the Jatiya Sangsad keeping the
provision of some specific rules to ensure the sustainable
development of the textile sector, one of the key driving factor
of the country’s economy.
State Minister for Textile and Jute Mirza Azam placed the bill in
the House with Speaker Dr Shirin Sharmin Chaudhury in the
chair.
In the proposed law priority has been given to the various
sustainable development activities of the textile sector
including realizing the domestic demands of the products,
increasing export income and creating more job opportunities.
The state minister said the aim of the newly proposed law is to
maintain quality of textile products as Bangladesh is earning
huge foreign currency from this sector.
About 83.95 percent of the country’s total export earnings
came from the textile sector in the 2016-17 financial year, he
said, adding that apparel products worth over US$ 29.26 billion
were exported in the last fiscal.
Referring to the present government’s “Vision-2021” where the
export target is US$ 60 billion within 2021, the state minister
said only textile sector took a target to realize US$ 50 billion.
Later, the bill was sent to the concerned parliamentary
standing committee for scrutiny and report back to the House
within 15 working days.
Earlier, the cabinet on February 26, with Prime Minister Sheikh
Hasina in the chair, gave its final approval to the draft law,
considering importance of huge apparel exports from
Bangladesh.