Home / Knowledge / News / Apparel/Garments / Bangladesh garment sector yet to reach peak level: Expert
Bangladesh garment sector yet to reach peak level: Expert
22
Feb '14
The garment manufacturing industries in Bangladesh have not yet reached the peak level where they would need to shift to another level of industrialization to avoid decline, Dr. Ludovico Alcorta, Director, Development Policy, Statistics and Research Branch (DPR), United Nations Industrial Development Organization (UNIDO) has said.
 
Dr. Alcorta said this while participating in a dialogue titled “Bangladesh’s Garments Sector: Upgradation and Structural Transformation” convened by Centre for Policy Dialogue (CPD), in association with the DFID-ESRC Growth Research Programme (DEGRP) in Dhaka.
 
Dr. Alcorta drew attention to the fact that as GDP per capita rises, industries grow and reach a peak level before they decline. In view of the global growth prospects of textile industries, Bangladesh’s manufacturing industries still have the potential to grow before reaching the aforesaid peak level before shifting to another level of industrialization, he added.
 
Participants at the dialogue were of the opinion that Bangladesh’s garment and textile sectors were in need of human resource development, infrastructural upgradation, and significant policy impact in order to take a journey towards raising productivity for structural transformation of the country.
 
During the discussion, one of the Panel Presenters Dr. Dirk Willem te Velde, Head of Programme, International Economic Development Group, ODI, UK, recommended favourable changes in public policy, and incentives for Bangladesh’s readymade garment industry which has an export value greater than the individual GDP of some 90 countries.
 
Another Panel Presenter Dr. Christopher M Woodruff, Professor, Department of Economics, University of Warwick, UK, pointed out that the positive impact of mid-level management training has been reflected in areas such as substantial variation in quality of management, and decline in defect rate over time. He added that the production process in factories require innovation as goods become more complex.
 
In his capacity as Chief Guest, Bangladesh’s Minister of Commerce Tofail Ahmed said the current Government has prioritized investment and industrialization. In this regard, he called for preparing a comprehensive plan of action in cooperation with policymakers and business leaders.
 

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search