“Selling price is dropping with each passing day is the biggest concern, however, quality and compliance issues are gaining importance in the industry, which is the most significant shift observed in the garment manufacturing sector in the past few years”, said a top official of a renowned textile group of Bangladesh.
In a free-wheeling interview with fibre2fashion, Syed Nurul – CEO of Well Group, one of the biggest industrial groups in Bangladesh, employing around 18,000 people discussed about importance of textile industry to the economy of Bangladesh, current scenario of Bangladesh textile industry and many other issues.
On the importance of textile industry to the Bangladesh economy, Mr Syed said, “Our clothing industry is the back bone of our economy. But the main hurdle to the further growth of the garment sector is infrastructural limitation.”
He added, “If our government can improve all these limitation, such as power crisis problems, gas shortages, roads, railways and water ways communication, we will post remarkable growth. This will surely foster the growth of the sector.”
He is of the opinion that the Bangladesh textile industry can be brought on the winning track if the government and other individuals take serious actions in removing or normalizing these hurdles.
“Our entrepreneurs are smart, hard working, innovative and top of all, we have a disciplined work force”, he observed.
According to him many issues have had a negative impact on the Bangladesh apparel industry, among which are global recession, unfavourable trade policies, internal security concerns, high cost of production due to increase in energy cost and different safety issues, especially fire safety related.
On the steps taken by the industry to improve the working condition of textile and garment factories, after collapse of the Rana Plaza factory, he replied by saying that along with the Accords and Alliances, Bangladesh government has taken comprehensive action plans to improve the condition of workers.