Prime Minister Sheikh Hasina has urged all concerned to expand Bangladesh’s export market with diversified products in the world market, which will accelerate export earnings.
“We’ve to diversify our products in order to boost export earnings alongside learning how to add value to products and increase the RMG share,” the Bangladesh premier said on Saturday while inaugurating the second edition of ‘Dhaka Apparel Summit 2017′ at a Dhaka hotel.
The Summit aims at opening dialogue on framing strategies to secure a more sustainable apparel supply chain from local and global perspectives to achieve the target of earning USD 50 billion from RMG sector marking the country’s Golden Jubilee of Independence.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in collaboration with Bangladesh Apparel Exchange (BAE) organized the event.
The Prime Minister mentioned that the list of export items of the country is short and is heavily dependent on RMG sectors while Bangladeshis products’ export destinations are also limited.
PM Sheikh Hasina urged the exporters to take necessary initiatives in the export sector as the government is ready to extend all-out support to boost the export.
About the government’s initiative to improve the working atmosphere in the RMG sector, the Prime Minister said multiple steps have been taken at international level to make the RMG sector safe.
Under the initiative, 3,869 factories have been inspected, she added.
“Among those, faults have been found in only 39 factories and they were shut down. The remaining factories are being renovated to improve their safety,” she said.
However, the Prime Minister added that huge funds are required for refurbishing the factories and urged global brands and buyers to come forward and assist the factory owners, alongside government’s ongoing support.
PM Sheikh Hasina mentioned that the Readymade Garments of Bangladesh is now a role model in the world.
“The BGMEA, the government, domestic and international organisations and development partners–all together are working towards building a safe and sustainable RMG sector,” she added.
The premier said that the RMG sector can play a vital role in lifting Bangladesh’s economy to a middle-income status by 2021.
The Prime Minister said although Bangladesh stands at the second position in the RMG export market, its share is only 5.1 percent in the sector.
“We’ve to work on how to increase our share in the world market. We’ve to formulate short-, medium- and long-term plan in this regard,” PM Sheikh Hasina said.
The inaugural session was addressed, among others, by Finance Minister AMA Muhith, Commerce Minister Tofail Ahmed, Foreign Minister AH Mahmood Ali, State Minister for Labour and Employment Ministry Mujibur Huq, the EU Ambassador to Bangladesh Pierre Mayaudon, BGMEA President Siddiqu Rahman and BGMEA First Vice President Mainuddin Ahmed.
The Dhaka Apparel Summit is a prime event on textile and apparel industry in Bangladesh that brings together some of the world’s leading experts in their respective fields to share their experiences and visionary thoughts on issues pertaining to the apparel industry and ways in which the business can realize sustainable growth well into the 21st Century.
The Summit will feature three panel discussion sessions, offering an open and inter-active environment, and allowing full audience participation and the opportunity for a valid exchange of ideas.
The seminars will be attended by representatives of the government, international organisations, economists, brand representatives, development organisations, employers, workers’ representatives, civil society members, academics, and media from home and abroad.