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RMG export may triple to $ 44.66b by 2020
. Business Reporter
http://thenewnationbd.com/newsdetails.aspx?newsid=59903
Apparel exports from Bangladesh may triple to US $ 44.66 billion by 2020 if the new opportunities are properly utilized, experts and businesspersons said at a seminar on Sunday.
Implementation of compliance rules by the factory owners and mitigation of labour unrests in the sector is imperative to achieve this goal, the speakers also observed.
BGMEA president M Shafiul Islam Mohiuddin chaired the seminar titled 'Opportunities and Challenges in the Changes in Global Sourcing Scenario' at Westin Hotel in the capital on Sunday.
Foreign Minister Dipu Moni, distinguished fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya, director of Brac Business School (BBS) Prof Mamun Rashid and general manager of Intertek Consumer Goods Karthik.N.D.
They said the export growth of country's garments even could exceed that target if the emerging markets are fully explored in the next 7-8 years. The mentioned that garments export fetched the country US $ 17.91b last year.
Senior Research Fellow of Bangladesh Institute of Development Studies (BIDS) Nazneen Ahmed and senior adviser of Promotion of Social and Environmental Standard in the Industry (PSES) Sarwat Ahmed presented two 'key-note' papers at the seminar, organised by Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
In her presentation, Nazneen Ahmed said, the country's RMG export`s share in non-traditional markets has increased significantly over the last three years and its growth is likely to double by 2015.
The speakers laid special emphasis to explore the new markets for the development of the RMG sector.
Bangladesh is the world's biggest exporter of clothing after China. Readymade garments make up 80 percent of the country's $24 billion in annual exports. The garments manufacturing sector earned $19 billion in the last fiscal year.
. Business Reporter
http://thenewnationbd.com/newsdetails.aspx?newsid=59903
Apparel exports from Bangladesh may triple to US $ 44.66 billion by 2020 if the new opportunities are properly utilized, experts and businesspersons said at a seminar on Sunday.
Implementation of compliance rules by the factory owners and mitigation of labour unrests in the sector is imperative to achieve this goal, the speakers also observed.
BGMEA president M Shafiul Islam Mohiuddin chaired the seminar titled 'Opportunities and Challenges in the Changes in Global Sourcing Scenario' at Westin Hotel in the capital on Sunday.
Foreign Minister Dipu Moni, distinguished fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya, director of Brac Business School (BBS) Prof Mamun Rashid and general manager of Intertek Consumer Goods Karthik.N.D.
They said the export growth of country's garments even could exceed that target if the emerging markets are fully explored in the next 7-8 years. The mentioned that garments export fetched the country US $ 17.91b last year.
Senior Research Fellow of Bangladesh Institute of Development Studies (BIDS) Nazneen Ahmed and senior adviser of Promotion of Social and Environmental Standard in the Industry (PSES) Sarwat Ahmed presented two 'key-note' papers at the seminar, organised by Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
In her presentation, Nazneen Ahmed said, the country's RMG export`s share in non-traditional markets has increased significantly over the last three years and its growth is likely to double by 2015.
The speakers laid special emphasis to explore the new markets for the development of the RMG sector.
Bangladesh is the world's biggest exporter of clothing after China. Readymade garments make up 80 percent of the country's $24 billion in annual exports. The garments manufacturing sector earned $19 billion in the last fiscal year.
