Home / Knowledge / News / Apparel/Garments / Policy support required to boost RMG export earnings
Policy support required to boost RMG export earnings
Dec '10
According to Abdus Salam Murshedy, President of Bangladesh Garment Manufacturers and Exporters Association, the apparel sector can bring in over $20 billion to the country's economy within a span of three years if the country manages to improve its unstable infrastructure and extend policy support.

He mentioned about the spot orders worth $65 million that the country has grabbed in the BATEXPO this year. The three-day long textile and apparel fair held at the Dhaka's Bangabandhu International Conference Centre, concluded on November 27.

Around 55 percent more export orders were booked at the fair this year, as compared to last year's figure of $42 million.

Though, the country contributes not more than three percent to the world's apparel exports, the demand for domestic items is on an upsurge, Murshedy said.

As revealed by the data, RMG exports surged by over 37 percent during the July to October period this year, which is mainly attributed to the rise in global demand and surfacing of new markets.

He even emphasized that the hurdles coming in the way of infrastructure development should be eliminated, mainly by surmounting energy constrains like scanty power and gas supply, by improving the efficiency of Chittagong port and by slashing the bank lending rate, so as to boost the competitiveness of the garment industry.

Fibre2fashion News Desk-India

Must ReadView All

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kai Poehler
Voith Paper GmbH & Co. KG

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search