Monday, 25 September, 2023

Bangladesh strives to be high-value RMG exporter

  • Staff Correspondent
  • 23 June, 2023 12:00 AM
  • Print news
Bangladesh strives to be high-value RMG exporter

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Bangladesh is working to enhance its status as one of the leading garment exporters in the world by focusing on high-value products and value addition.
BGMEA President Faruque Hassan expressed optimism about achieving this goal through partnerships with global brands, technology providers, and international organisations.
They also aim to develop Bangladesh as a hub for manufacturing man-made fibre-based products and technical textiles, while emphasising recycling.
"We are seeking every possible opportunity to unleash the potential of the RMG industry and take it to the next level with a strategic shift from volume-based production to high-value garments and value addition. The prospect is bright for Bangladesh, and we are highly optimistic about attaining our goal," he said.
"We are developing partnerships with global brands, technology providers, industry associations, international organisations, and other stakeholders to collaborate on building the capabilities of the industry in manufacturing high-value garments, especially products made from man-made fibre and technical textiles. Also, we are working on developing Bangladesh as a global hub for recycling," he remarked.
"We have also taken initiatives to develop fashionable garments, linking the rich culture and heritage of Bangladesh with fashion. With the support of the government, BGMEA is providing training to Bangladeshi fashion professionals and designers so that they can develop fashionable garments using homegrown heritage materials like Muslin, Jamdani, Khadi, Silk, Monipuri etc." he further said.
Faruque Hassan came up with the observations while addressing the opening ceremony of the 11th Intex Bangladesh Trade Expo organized by Worldex India in Dhaka on Thursday.
Mohammed Hatem, Executive President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA); Rajesh Bhagat, Managing Director, Worldex India; Sunil Patwary, Chairman, Cotton Textiles Export Promotion Council (TEXPROCIL); and Mahesh N Sanil, Executive Director at Powerloom Development and Export Promotion Council, also spoke at the event.
In his address as a special guest, the BGMEA President said Bangladesh and India have a huge scope to complement each other in the apparel and textile trade.
He said avenues of cooperation might include expanding business opportunities for garment exports, raw material supply, and the exchange of knowledge, expertise, and technologies that would benefit both Bangladesh and India.
Bangladesh is making all-out efforts to move to manufacture non-cotton apparel for sustainable growth of the RMG industry, he said, while inviting investors and businessmen from India to explore the investment opportunities in Bangladesh’s non-cotton textile industry.
So our relationship isn’t competitive, rather it’s complementary, Faruque Hassan said.