Bangladesh, for the first time, organised an apparel summit this year with a view to finding better ways to reach $50bn export target of the sector by the year 2021.
Named as “Dhaka Apparel Summit-2014,” it also tried to brand Bangladesh to the global market.
On December 7, BGMEA organised the three-day event.
It outlined a road-map to meet the 2021 garment export target as in that year the nation will celebrate golden jubilee of independence.
In a number of sessions, the local and global experts, economists, exporters and buyers identified key challenges. Ensuring better infrastructures, such as availability of power and gas, was found a major challenge towards the target.
By the year 2021, the government aims to make the country a middle-income nation.
For this, the country will require having a large number of skilled workers and managers, keeping politics stable, raising safety awareness among workers and managers and access to low cost finance for remediation and relocation of factories for safety issue.