Home / Knowledge / News / Apparel/Garments / Bangladesh PM requests buyers to raise prices of RMG
Bangladesh PM requests buyers to raise prices of RMG
Dec '14
PM Hasina inaugurating the Dhaka Apparel Summit
PM Hasina inaugurating the Dhaka Apparel Summit
Bangladesh Prime Minister Sheikh Hasina has requested buyers to raise the prices of readymade garments (RMG) so that RMG workers could lead a more comfortable life.
The Prime Minister said this while inaugurating the first-ever ‘Dhaka Apparel Summit’ at Bangabandhu International Conference Centre (BICC) in Dhaka earlier this week.
She also opened the International Trade Expo for Building and Fire Safety 2014. Both the Dhaka Apparel Summit-2014 and the International Trade Expo for Building and Fire Safety 2014 were organised by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Hasina assured RMG exporters that the Government would remain beside them, and urged them to explore new markets to further boost exports.
She said the European Union has relaxed the rules of origin of the GSP, due to her Government’s efforts. She added that Bangladesh is getting duty-free access of 46 products to India and duty-free access of 98 per cent goods to China. She urged garment exporters to fully utilise these opportunities.
She said diversification in design is necessary, along with expanding markets, in order to sustain in the competitive global market.
She further said, “We will have to boost share of our garment products and we have that capability. To materialise it, we will have to execute short, middle and long-term plans.”
Stating that there is no alternative to research and development, she stressed on the need for conducting more research to further strengthen the RMG sector.
Hasina said her Government is taking steps for development of the RMG sector and wants to ensure security and safety of the workers at garment factories. “That is why the Government with the support of the BGMEA as well as local and international organisations ensured setting up of safe, sustainable and compliant factories in a coordinated manner,” she said.
She mentioned that the minimum wage for garment factory workers has increased by 220 per cent in last five years. She added that a Taka 50 crore fund has been set aside to enhance efficiency of the workers. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search