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B'desh RMG accessories sector attains self-sufficiency

04
Jan '12
Bangladesh is no longer dependent on other countries for its readymade garment (RMG) accessories like buttons, zippers, hooks, elastic bands, etc. as these are now produced in sufficient quantities in the country.

The Bangladesh RMG accessories sector has come a long way since early 1990s, when it was completely import dependent, to its present day capacity of being able to meet local demand.

Speaking to fibre2fashion, Mr. Safiullah Chowdhury, Chief Advisor to Bangladesh Corrugated Carton & Accessories Manufacturers and Exporters Association (BCCAMEA), said, “Almost 96-97 percent garment accessories are now manufactured locally, and this is supporting the RMG industry of our country. Several international buying houses like JC Penny, H&M, Wal-Mart, Pierre Cardin, etc. are nominating the local accessories manufacturers for their products. So, it can be said that Bangladesh has become self sufficient in production of RMG accessories.”

Explaining the growth of RMG accessories sector in Bangladesh, Mr. Rafez Alam Chowdhury, President of BCCAMEA, says, “We had very few members when our association started its operation in 1989. But today, we have about 1000 members who represent a US$ 2 billion industry. About 80 percent of our turnover is related to the garment industry while the remaining caters to other sectors like food, etc.”

“BCCAMEA members produce about 30-35 items like buttons, elastics, etc. and we are no longer dependent on any imports of accessories. The RMG accessories sector contributes about 12-15 percent to the country's garment sector,” he informs.

Talking about future of the industry, he says, “As RMG exports rise, our sector would also perform well. We have set a target of about US$ 12 billion by 2018 for RMG accessories sector. So, growth will be definitely there.”

However, the RMG accessories sector can get a further boost if the Government takes steps to support the industry. “We need policy support from the Government which will help the sector to grow more. The Government should give incentives as we are also an industry now and the market is also very competitive. The high bank interest rates and the rising cost of gas and electricity are also deterring the growth of our industry. Government support will make our industry more competitive and it will help us increase our exports,” says Mr. Safiullah Chowdhury.

Ending on a bright note, the BCCAMEA Chief Advisor avers, “I expect 2012 to be a very good year for us, as garment exports will grow and automatically accessories sector will also develop. We are hopeful that in 2012 we will get a good response from the buyers.”

Fibre2fashion News Desk - India


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