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Home / Knowledge / News / Apparel/Garments / RMG units seek govt security to achieve export targets

RMG units seek govt security to achieve export targets

05
Jun '08

Garment sector of Bangladesh has fared pretty well in terms of its export revenues this year. However maintaining a 20 percent annual growth for the next five years will require a lot more than increasing the production capacity.

Ensuring security for garment manufacturing units is also one of the crucial issues that need to be given a consideration.

The recent rummaging made by some vested quarters and NGOs in garment factories has aroused serious concerns and if the trend continues, it is difficult to say how the country would manage to display its real potential in terms of meeting export targets.

In the current fiscal the export earning from the garment sector might reach $10.6 billion against a target of $11.9 billion.

Nearly 99 percent of the garment manufacturing units have enforced the minimum wage payment policy but despite this, factories have been constantly facing labor unrest.

Rising cost of production, frequent power outages and errant gas supply has also played its part in forcing 203 production units to close down since November 2007. Bangladesh Garment Manufacturers and Exporters Association (BGMEA) also confirmed that in the meanwhile, about 83 new units have also sprung up.

The association strongly feels that a special government force should be set up to provide protection and bring an end to these sudden ransacking of garment producing units.

More Bangladesh Garment Manufacturers and Exporters Association (BGMEA). News... More Apparel/Garments News - Bangladesh...