Hundreds and thousands of non-textile industries are needed to develop the country to the quite a high stage of economic development. We should not put all our eggs in only one textile basket. Many different primary, secondary and tertiary industries involving steel and oil/gas based petrochemical shall have to be built. To concentrate in textile will backfire because many of the underdeveloped countries are coming up with RMG which will squeeze the profit.
Although there is much scope of improvement,but we are already undertaking some very necessary steps to diversify our export goods.Govt. has set goal of making operational 100 exclusive economic zone all over the country by 2030.But works are moving very rapidly and many predict 100 EEZ may be completed before 2025.Already 25-30 EEZ under construction.These EEZ will create 10 million jobs and will produce hundreds of billions of dollar industrial goods for local consumption and export.
There is a Hi tech park under construction in Gazipur.Our IT sector export expanding at good pace in past years now at more than 400 million dolllar,not much but if you compare with just 5 years ago you can see the rise .Our leather industry already started shifting in Savar leather industrial park.Leather goods export suppressed 1 billion dollar mark and rapidly expanding.Pharmaceuticals and ship building also showing promises.There is a LNG terminal under construction in Chittagong,which can meet the growing need of energy by LNG import.And there is electronics sector.Even 5 years ago most of our household electronic goods were imported from abroad.Now Bangladeshi electronics brand like Walton,MyOne,Marcel,RFL,Jamuna are providing most of the household electronic goods in BD.They are already making strides to penetrate developing countries in Asia and Africa.With time and continued refinement,they may expand many fold in abroad in near future.
But there are also drawback,Our higher education and R&D is not getting the necessary fund it should.Govt. is still mainly focused on primary and secondary education,although primary and secondary education is clearly the priority and we are doing better at spreading education to the grass root level,but the time has come to invest in higher education and R&D.Another drawback is transport infrastructure,we have started taking necessary big infrastructure project only for last 4-5 years,but things are moving very rapidly in this sector too.30 billion dollar upgrade scheme of railway,Padma bridge,Metro rail.underwater tunnel,thousands of km 4 lane highway,expressway project,flyovers are coming very rapidly.I think by 2025,we will see a vastly improved infrastructure in BD.It is true that we are late in infrastructure building but there is a sign that we will be able to gap this void rapidly.There is now a rush to develop infrastructure in the country.