Bangladesh’s textile garments business has been struggling a lot throughout this pandemic scenario. It has mostly influenced get lower thanks to the COVID-19 outbreak. Previous 12 months the industry survived with some fantastic initiatives and governing administration aid. As the nation is mostly afflicted by the second wave of COVID now it is really a very challenging time for this market. A short while ago the BGMEA election has been concluded and new BGMEA committee with the management of Mr. Faruque Hassan has taken cost for 2021-2023.
Textile Concentrate has been speaking with BGMEA members’ enterprise owners with regards to the expectation from the new board. One of the youthful entrepreneur, Eazaz Mohammed Director of Orchard Sweaters & Orchard Group expressed the would like to the new BGMEA board.
Eazaz Mohammed Director of Orchard Sweaters & Orchard Group:
The Honorable Prime Minister has been incredibly form and responsive for the survival of our Garments sector. I believe that rather of searching for any a lot more subsidies from the Authorities, all the Clothes Entrepreneurs ought to get the job done together for the potential of this sector. In actuality, we ought to be more dynamic and proactive in buy to expand our scope in clothes sector, the two in phrases of backward linkage as nicely as ahead linkage industries.
Although Bangladesh is the 2nd greatest in conditions of Clothes Export, we are nonetheless incredibly low in conditions of value addition. We can easily improve our contribution to the economic climate of Bangladesh only by investing in backward/forward linkage factories. If we import considerably less raw materials from other international locations, this will not only enable us to keep our international currency in the nation but it will also help us open new doorways for enterprises in just this sector.
|For this reason, my ask for to the recently elected younger and dynamic leaders would be to search for new scope within this sector and rebrand our nation not only for producing garments but also for great fabric components and so on.|
In the midst of Pandemic, we are forgetting 1 very important element that is getting area in the international provide chain. The full world is shifting their offer chain dependency from China. This features our Garments sector as perfectly. This is yet another explanation why I assume we should really be focusing more about submit pandemic financial state than the present-day unavoidable condition.
For this reason, my request to the recently elected youthful and dynamic leaders would be to search for new scope within just this sector and rebrand our country not only for producing clothes but also for fantastic cloth products and so on. It is a key time for us to get a huge chunk of this Chinese offer chain moved to our nation. Or else, our rivals will transfer forward of us and we will drop our posture as the 2nd major Garments exporter in the entire world.