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Bangladesh garment industry sees sloth in investment

Bangladesh Garment Industry
Image Courtesy: washington.edu

Manufacturers are seeing a sloth in investment in Bangladesh’s apparel industry and they have identified the crisis of gas, power and scarcity of land asset as the prime reasons behind it.

Bangladesh Textile Mills Association (BTMA) acting President Mohammad Ali Khokan said, “There has been much improvement in the power sector but not enough for a large industry like RMG.” He was speaking at the inauguration ceremony of the 15th edition of a major machinery exhibition ‘Dhaka International Textile & Garment Machinery Exhibition 2018’ at Bangabandhu International Conference Centre on February 8, 2018.

The BTMEA Chief called upon Bangladesh Government for cordial assistance in industrial planning and overall support to the blooming garment industry of the country, which occupies over 82 per cent of the country’s total export share.

State Minister for the Ministry of Finance and Planning MA Mannan, who chaired the event as the chief guest, said, “The apparel business in the mother of all industrialisation. Bangladesh currently stands second in global apparel export next to China.”

He added that in the near future, Bangladesh will be more innovative with our products. The country will improve its apparel quality and, at one point, it will surpass China as the biggest apparel exporter.

The fair is jointly organised by BTMA and Yorkers Trade and Marketing Company.