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SEZs can help in growth of Bangladesh RMG sector: Expert
Sep '14
courtesy: The Daily Star
courtesy: The Daily Star
Building special economic zones (SEZs) can help in growth of readymade garment (RMG) sector in Bangladesh as such zones can effectively meet the challenge of poor infrastructure in the country, Zahid Hussain, lead economist at the Dhaka office of the World Bank, said at a discussion.
Speaking at the first ever Bangladesh textile and apparel forum ‘TexApp Bangladesh’ in Dhaka, Mr. Hussain said long-term political stability is also necessary for continued growth of apparel exports.
TexApp Bangladesh was jointly organized by CEMS-Global USA and The Daily Star, on the sidelines of the 15th TexTech Bangladesh 2014 International Expo. Attended by several international retailers, machinery suppliers, policymakers and entrepreneurs, the forum discussed several issues related to the Bangladesh apparel industry and also deliberated on how to further take the industry forward in the coming years.
Speaking at the forum, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam said foreign investment is not required anymore in the basic garment sector, but it is welcome in backward linkage industries.
He mentioned the lack of availability of skilled manpower in the country’s garment sector, and added that a pool of skilled manpower is needed. However, he was optimistic of good business flowing to Bangladesh in the coming years.
Naming Japan as a particularly promising market, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) first vice president Mohammed Hatem said solving the gas crisis is essential to keep up the business growth.
Mr. Hatem also raised the issue of financing, and said that banks are not helping new entrepreneurs who intend to set up backward linkage industry for the garment sector.
National Board of Revenue member Aminul Karim said Bangladesh’s apparel sector has reached a certain maturity and it now needs to go for value-added production. (RKS)

Fibre2fashion News Desk - India

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