Liberalising its trade policies, Bangladesh is now welcoming FDI in garment sector outside of its 8 EPZs. Framed strategically, the amendment permits the investors to set up units that manufacture high-fashioned, non-traditional and value added garment items. The decision is backed by industry experts as it is set to promote skill development and rapid technology transfer. Other conditions mandate that the foreign investors export their makes to their respective countries and to the non-traditional markets like Russia, Brazil, China, South Africa, India, Australia and Mexico for an enhanced market base. Besides, the investors also have to ensure investment of a certain amount of foreign currencies which would later be fixed by the Government.
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