Ritz Textiles Limited, a local home textile producer, will invest Tk 7 crore this year to double its production as the company is getting increased export orders, an evidence of the country's booming home textile sector.
� cannot take new export orders as my factory has already received orders worth $1.5 million for 2007-08 fiscal. I need to expand production capacity to accept new orders,?said Chief Executive Officer of Ritz Textiles Shahidur Rahman.
At present, Ritz Textiles, with an investment of Tk 15 crore, produces 1 lakh metres of home textile a month, Rahman said.
Home textile products include bedspreads, blankets, pillows and pillow covers, cushion and cushion covers, carpets and rugs, wall hangings, tablecloth and mats and kitchen linen.
With Bangladesh's home textile growing 20 percent a year, manufacturers exported home textile worth $211.25 million in July-March period of the current fiscal against $192.85 million during the same period a year ago.
The Export Promotion Bureau has set a target for home textile export of $310 million for the current fiscal. In 2006-07 fiscal, the total export of home textile was estimated at $256.97 million.
Rahman said Ritz exported home textile products worth $ 700,000 only in 2006-07 fiscal and in the span of one year in 2007-08 the company is set to export home textile worth $1.5 million.
Rahman said he would set up 58 new textile machines this year to double the production.
Sweden-based IKEA and UK-based Little Wood and Maurice Phillips are the major buyers of the factory, Rahman said.
Rahman started his home textile production in 2004 in a small factory at Tarabo, Narayanganj.
Noman Group, Alltex, ACS Textile, Sad Musa, Regent, JK Group and Classical Home are the major manufacturers and exporters of home textile in the country.
Market operators said the size of domestic bed sheet market is worth Tk 100 crore.
� cannot take new export orders as my factory has already received orders worth $1.5 million for 2007-08 fiscal. I need to expand production capacity to accept new orders,?said Chief Executive Officer of Ritz Textiles Shahidur Rahman.
At present, Ritz Textiles, with an investment of Tk 15 crore, produces 1 lakh metres of home textile a month, Rahman said.
Home textile products include bedspreads, blankets, pillows and pillow covers, cushion and cushion covers, carpets and rugs, wall hangings, tablecloth and mats and kitchen linen.
With Bangladesh's home textile growing 20 percent a year, manufacturers exported home textile worth $211.25 million in July-March period of the current fiscal against $192.85 million during the same period a year ago.
The Export Promotion Bureau has set a target for home textile export of $310 million for the current fiscal. In 2006-07 fiscal, the total export of home textile was estimated at $256.97 million.
Rahman said Ritz exported home textile products worth $ 700,000 only in 2006-07 fiscal and in the span of one year in 2007-08 the company is set to export home textile worth $1.5 million.
Rahman said he would set up 58 new textile machines this year to double the production.
Sweden-based IKEA and UK-based Little Wood and Maurice Phillips are the major buyers of the factory, Rahman said.
Rahman started his home textile production in 2004 in a small factory at Tarabo, Narayanganj.
Noman Group, Alltex, ACS Textile, Sad Musa, Regent, JK Group and Classical Home are the major manufacturers and exporters of home textile in the country.
Market operators said the size of domestic bed sheet market is worth Tk 100 crore.
