The textile sector is the most important one in Bangladesh. It is the largest manufacturing sector in the country. The study focuses the present situation of this country’s warrants a new vision to accelerate and sustain growth, alleviate poverty, take advantage of new opportunities, threats and meet challenges of the future and how to play its rightful role in a competitive global market. The study was based on primary and secondary data followed by the statistical test like mean value, standard deviation, coefficient of variance, t-test etc. The textile sector, whose contributions to industrial GDP and employment are the highest in Bangladesh. DDMCL (Dacca Dyeing and Manufacturing Company Limited) has excellent production, sales and financial performance due to favourable local and foreign sales and satisfactory earning profit. The bright future of the garment sector has created a good demand for our yarn and fabrics and taps this opportunity; we need congenial business environment and backward linkage industries for the survival of our textile sector. In spite of that, in this study attempts has been made to find out some problems and identifying the challenges, opportunities and threats of DDMCL for the global market. This might be a good lesson for other Textile Industries of Bangladesh.