Bangladesh's monthly RMG production capacity to reach $8 bn: BGMEA

10 Jan '22

1 min read

Pic: Andrejs Klapovskis | Dreamstime.com

Bangladesh’s readymade garment (RMG) industry is capable of handling monthly orders worth $7 billion to $8 billion soon, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan, who recently said the country earned $4 billion exporting apparel in December last year, the highest-ever monthly record.

The BGMEA president was addressing a dialogue organised by the Economic Reporters Forum (ERF) in Dhaka.

“We’re getting huge orders from our regular buyers and a large number of new buyers rush here with apparel supply orders as production strength of Bangladesh has gained a trust among global buyers to supply products in all weather,” he said.

He stressed on the need to sign preferential trade agreements and free trade agreements to face the situation after the country’s graduation from the least developed country (LDC) group for better preparation of the sector, according to Bangla media reports.

Regarding repayment stimulus loans, the BGMEA president said the businesses want the duration of loan repayment to be extended so that they can run factory expenditure as well.

Fibre2Fashion News Desk (DS)

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