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Tuesday, 23 April, 2024

Bangladesh now the best in the global RMG sector: Faruque Hassan

Express Report
  29 Dec 2023, 02:00
Faruque Hassan, President, BGMEA.

Currently, 'Made in Bangladesh' clothes are being exported to 167 countries of the world. Bangladesh is now the world's best in ready-made garments. Bangladeshi clothing is at the top of Europe-America in terms of category, quantity and money.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan said this at a function at BGMEA Complex in Uttara on Sunday, December 24th.

He said, despite going through challenging times, garments made in Bangladesh are currently being exported to 167 countries in the world. At the same time new markets are also being sought.

According to the BGMEA president said, challenges are being considered as opportunities. At present five categories of products are being exported from the country. But there is scope for product diversification. The garment sector of Bangladesh is moving forward with reputation in the world.

He said, by 2030, a target of $100 billion export earnings has been set. But at the moment the export income is $47 billion. We are emphasizing on manufacturing high quality garments to achieve this export targets.

Faruque Hassan also said that efforts are being made to increase the amount through the export of high-priced clothes. He said, BGMEA wants to reduce foreign dependence at the management level of the country's manufactured garment sector.

Presently, Bangladesh has the world's most eco-friendly clothing factory, he said, Bangladesh is the second largest exporter of clothing in Europe. But first in terms of quantity. 84 percent of the export earnings are coming from garments.

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Bangladesh now the best in the global RMG sector: Faruque Hassan

Express Report
  29 Dec 2023, 02:00
Faruque Hassan, President, BGMEA.

Currently, 'Made in Bangladesh' clothes are being exported to 167 countries of the world. Bangladesh is now the world's best in ready-made garments. Bangladeshi clothing is at the top of Europe-America in terms of category, quantity and money.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan said this at a function at BGMEA Complex in Uttara on Sunday, December 24th.

He said, despite going through challenging times, garments made in Bangladesh are currently being exported to 167 countries in the world. At the same time new markets are also being sought.

According to the BGMEA president said, challenges are being considered as opportunities. At present five categories of products are being exported from the country. But there is scope for product diversification. The garment sector of Bangladesh is moving forward with reputation in the world.

He said, by 2030, a target of $100 billion export earnings has been set. But at the moment the export income is $47 billion. We are emphasizing on manufacturing high quality garments to achieve this export targets.

Faruque Hassan also said that efforts are being made to increase the amount through the export of high-priced clothes. He said, BGMEA wants to reduce foreign dependence at the management level of the country's manufactured garment sector.

Presently, Bangladesh has the world's most eco-friendly clothing factory, he said, Bangladesh is the second largest exporter of clothing in Europe. But first in terms of quantity. 84 percent of the export earnings are coming from garments.

Comments

Lack of transparency hinders the growth of the insurance sector: B M Yousuf Ali
AL places pragmatic, comprehensive & inclusive manifesto: Dr Atiur
Bangladesh Lighting the Path Through Dedication to Power: Power Chief
To keep economic growth, we must reduce road accidents: BARVIDA leader