Bangladesh's FBCCI urges entrepreneurs to focus on high-value garments
10 Mar 22 1 min read
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Mohammad Jashim Uddin recently urged garment and textile entrepreneurs to diversify their investments and brand Bangladesh in a new way. Most entrepreneurs are interested in investing in cotton-based garments and the spinning sector, but the demand for man-made fibre clothing is rising across the world, he said.
Jashim Uddin made the call at the first meeting of the standing committee on readymade garments (RMG), knitwear and sweaters at the FBCCI office.
Exporters are gradually losing the advantage of cheap power, energy and labour, he said.
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Despite being the second-largest exporter of RMG, Bangladesh mainly exports cheaper garments, he was quoted as saying by a news agency.
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As prices of raw materials keep rising, exporters must focus on exporting high-value garments to continue the industry’s growth, he said.
Fibre2Fashion News Desk (DS)
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