The home textiles sector an emerging industry in Bangladesh

The home textiles sector, an emerging industry in Bangladesh, has also seen a decline in export earnings. During the initial eight months of FY 2022-23, the exports of home textiles decreased by 22.53 per cent to $769.86 million compared to $993.76 million in the last fiscal. The downward trend can be attributed to the ongoing global economic crisis, which has led to a decrease in the number of export orders. Moreover, the countrywide gas and electricity crisis has compelled the industry to cut down on production by almost 40 per cent. This is largely due to the country's over-reliance on imported sources of energy such as oil, gas, and coal.