• Sunday, Jun 26, 2022
  • Last Update : 04:24 pm

ED: Keeping our RMG industry in shape

  • Published at 07:40 am April 22nd, 2021
RMG apparel industry
Apparel industry insiders fear that they will lose buyers if the factories remain closed Syed Zakir Hossain/Dhaka Tribune

The last thing that Bangladesh needs is for its primary export industry to fall into complacency

Bangladesh’s RMG industry has long established our ready-made garments as the primary export product of Bangladesh, amounting to 83% of our total exports, a proportion that does not look to be reducing any time soon.  

As such, it is imperative that the industry take whatever steps necessary to ensure that it continues to function in the best way possible. 

In a recent webinar, which discussed the findings of a study conducted by the Centre for Policy Dialogue (CPD) and Institute of Policy Studies, Sri Lanka (IPS), experts opined that value-chain-based solutions that integrate all variables of the supply chain process -- suppliers, manufacturers, buyers, brands, as well as governments of sourcing countries -- can help take the Bangladesh RMG industry to the next level. We need to be paying attention to these factors.  

Such dialogue is not only important, but necessary for future thinking; the Covid-19 pandemic has ushered a “new normal” where entire industries are being compelled to adapt and re-think their approach to business, and the last thing that Bangladesh needs is for its primary export industry to fall into complacency and be unable to keep up with the current trends. 

It is important to acknowledge that the country’s RMG industry has made efforts into improving safety, particularly in the wake of the Rana Plaza disaster, as Bangladesh boasts the most number of green RMG factories. Yet, certain barriers have always kept us from taking the next logical step and producing higher-end RMG products. 

Bangladesh eventually will need to diversify its export basket, a point that this newspaper has editorialized on numerous times, but the fact also remains that RMG is likely to continue to be our most important sector for a long time, and adding value to its existing nature is important for Bangladesh’s overall development.

40
Facebook 40
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail