Monday, May 20, 2024


Dhaka Tribune

Apparel manufacturers demand action to achieve $100B in exports by 2030

There are concerns about covert individuals attempting to destabilize the apparel industry and incite workers to engage in demonstrations

Update : 26 Oct 2023, 08:22 PM

Despite the ongoing global economic crisis, the country's ready-made garment sector is performing well, according to Bangladesh's apparel manufacturers. However, certain non-tariff issues are impeding the sector from fully capitalizing on its opportunities.

They have also raised concerns about covert individuals attempting to destabilize the apparel industry and incite workers to engage in demonstrations and it is imperative for the government to identify these individuals and ensure they face legal consequences, taking into account the nation's economic stability and law enforcement.

These statements were made during the 7th BIGTEX - Bangladesh International Garment and Textile Industry Exposition, which commenced on Thursday at the International Convention City Bashundhara in Dhaka.

The expo is open to both general and trade visitors from 10:30 am to 7:30 pm daily. The event features nearly 160 stalls from 12 countries across Asia and Europe, showcasing the latest machinery, technologies, dyes/chemicals, yarn, and fabric available for Bangladesh, with manufacturers and suppliers from around the world accessible to the industry.

During the inauguration ceremony, Mohammad Hatem, the executive president of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), emphasized Bangladesh's significant potential in the RMG sector and expressed a desire to leverage it. He also called for an investigation into the instigators behind the labor demonstrations, which have persisted despite the formation of a new wages board by the government.

Ahmed Imtiaz, CEO of Redcarpet, emphasized the need to maintain the industry's growth in light of the high demand for "Made in Bangladesh" products. He stressed the importance of a consistent supply of machinery, raw materials, yarn, fabric, dyes, and chemicals at competitive prices, pointing out that participants in the expo have the opportunity to establish valuable business contacts for future negotiations.

Shahidullah Azim, vice-president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), acknowledged the overall health of Bangladesh's apparel industry amidst the ongoing global economic crisis but highlighted several challenges hindering business operations. These include harassment by some customs officials, inadequate cargo handling capacity at Chittagong Port, and disruptions in gas supply, despite multiple price hikes by the government. He urged swift resolution of these issues to achieve the ambitious $100 billion export target from the apparel sector by 2030.

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