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26 November, 2021 09:10:47 AM

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RMG to play pivotal role in next phase of Bangladesh's dev: BGMEA President

BSS, Dhaka
RMG to play pivotal role in next phase of Bangladesh's dev: BGMEA  President

The RMG industry is not only making  contribution to the socio-economic development of Bangladesh, but also  bringing glory for the nation, said Faruque Hassan, President of the 

Bangladesh Garment Manufacturers and Exporters Association (BGMEA). 

  "The apparel industry is carrying the "Made in Bangladesh" trade mark  across the world and we are all proud of it. The industry belongs to all  people of this country -- development of the sector means development of  Bangladesh and betterment of its people," he said. 

  Faruque also said the next phase of Bangladesh's economic growth would  hugely depend on the industrial sector where the apparel industry would play  the pivotal role.

"So it's the responsibility of all people to protect the  industry for the greater interests of our country," he said. 

  The BGMEA President came up with the observations while speaking at an  event titled "Sustainability of the Apparel Industry of Bangladesh: Policies,  Scopes and Constraints" organized by Solidaridad Network Asia and ESTex  Foundation held at a hotel in the capital today.

  The program aims to provide a platform to policy makers and sectoral  stakeholders for highlighting the policy gaps and needs and constraints, 
exploring new opportunities and initiating pathways for implementing  solutions to the environmental, social, and economic issues to achieve  sustainability of the apparel industry of Bangladesh. 

  In his address, Faruque called on brands and retailers to be rational in  terms of pricing to make the supply chain resilient and sustainable. 

  "There is a sharp disconnect between sustainability and pricing mechanisms.  Our factories are increasingly investing for safety and sustainability.  Besides, in prices of yarn, chemicals and other raw materials in the global  supply chain has pushed up production costs in garment manufacturing. But,  prices are not being offered in line with the context. The gap is needed to  be closed," he said. 

  Mohammad Hasan Arif, General Manager, Bangladesh Economic Zones Authority  (BEZA), Selim Reza Hasan, Country Manager, Solidaridad Network Asia, Syed  Naved Husain, Group Director, BEXIMCO Limited and Dr Mohidus Samad Khan,  EStex Foundation also attended the programme. 

HM

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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