Bangladesh’s textile and apparel industry has bounced back with volumes of work orders pouring in with the reviving of clothing stores in the EU and the USA.
As a result, like many other leading factories, Pran-RFL Group’s Chorka Textile Ltd will increase its capacity to attain export worth $200 million lingerie and readymade garment (RMG) items within the next two years.
Chorka Textile Ltd exported $90 million worth of lingerie in FY2020-21.
“The factory has extended its production capacity and started production in double shifts to achieve its target in the next two years,” said Ahsan Khan Chowdhury, Chairman and Chief Executive Officer (CEO) of Pran-RFL Group to an assembly of journalists at his factory recently.
The recent shift of consumer preference to manmade fiber has led local RMG factories to focus more on high-end apparel. Chorka recently diversified into bras, panties, t-shirts, sweatshirts, polo shirts, leggings, bodysuits and hoodies.
Chowdhury stressed that the lingerie markets have been growing every year globally. We have a lot of potentials to grab more lingerie markets.
“The global market size of lingerie is $42 billion and 30 to 35 local companies have been exporting $4 billion-worth worth of lingerie over the last three years,” said Chowdhury.
Since its inception in 2013, Narsingdi-based Chorka Textile has invested $70 million. It sources 50% of raw materials from the local market and imports the rest like yarn, fancy laces, synthetic fabrics, elastic and sewing thread.
Chorka largely exports its lingerie items to the EU, the US, China and India.