Do you know that synthetic fabric accounts 70% of the entire fashion industry? Man made fiber of synthetic fiber is the most used materials for fabric manufacturing and it is highly likely to become more popular in the near future. But this man-made fiber was way behind in 1990s. At that moment synthetic fiber accounted for very less and total valuation was 100 million dollars. Synthetic fabric has a very good connection with Bangladeshi RMG sector and they are highly likely to support the growth of Bangladesh in the international market. When Bangladesh is the fastest growing garments manufacturer in the world, synthetic fabric is becoming popular in the RMG sector every day. It is believed that manmade fibers are the future of textile and garments sector because they are safe and can be made out of a lot of waste materials. Though Bangladesh is not that significant synthetic fiber manufacturer in the world but Bangladesh is using a lot of manmade fibers and fabrics. Synthet
India is a very progressive country regarding the development of the clothing and textile industry. Though this country relapsed for couple of decades but it is expected to grow as the largest manufacturers in the world. There is a prediction, that if India progresses this way, it will be beating China and Bangladesh soon. India also has some largest fabric manufactures and fabric suppliers in the world who are helping rebuilding the image of the entire industry. According to recent report by CITI, Indian Industry will reach $350 billion by 2015. What The Report Says About Indian Textile and Clothing Industry? In recent years, Indian government has taken some initiatives to reform many industrial sectors including textile and clothing industry. And they see much better progress possibility than another industry. As stated by CITI, “Indian economy enters into a very important phase with the new NDA Government taking charge after the 2019 elections”. He also stated that the