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7. November 2012 3 07 /11 /November /2012 00:22

 


B’desh can become second biggest garment exporter
January 21, 2012 (Bangladesh)

The garment sector in Bangladesh has a great potential, and over the next three years, it can establish itself as the second biggest sourcing destination for overseas buyers, next to China, according to experts.

At a seminar on Bangladesh's projected ‘RMG leap: Uplifting its prospect in future’ and ‘Social compliance in RMG sector’, experts said that there are three big challenges that need to be addressed to make Bangladesh the second biggest apparel exporter in the world.

The main challenge is that of bridging the skill gap in the middle level management. Improving the logistic and infrastructure support and enhancing the productivity levels are the other two challenges, they said.

The seminar was organized by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) as a part of the Chittagong Apparel Fabrics Accessories Exposition.

Dr. Hossain Zillur Rahman, Former Advisor to the Government, said identity crisis in the readymade garment (RMG) sector is also one of the major problems, as the industry has failed to attract youngsters.

According to Dr. Rahman, it would need highly skilled middle-level workforce to reform and upgrade the domestic RMG sector, but unluckily there are not many institutions in the country which can produce such efficient workforce.

He lamented that the gap in skilled workforce is more often bridged by appointing foreign personnel, to the disadvantage of millions of jobless youth in the country.

In spite of all these challenges, the growth potential of the RMG industry in the country is immense and this should be recognized as a strategic opportunity, Dr. Rahman said.

Lastly, he pointed out that Dhaka remains the main production centre for garments in Bangladesh and hence, there is a growing need to develop more such hubs in other parts of the country in near future. 

 

Bangladesh garment exports to new markets surge in Q1
October 31, 2012 (Bangladesh)

A strong growth was observed in apparel exports from Bangladesh to new markets during the first three months of Bangladeshi fiscal year 2012-13 that began on July 1, 2012.
 
From July to September 2012, Bangladesh exported US$ 4.29 billion worth of garments, of which, US$ 527.61 million of exports were towards new markets, showing a rise of 28.65 percent year-on-year, according to the statistics with the Export Promotion Bureau (EPB).
 
Australia, China, India, Japan, Malaysia, New Zealand, Russia, South Africa, South Korea and Turkey are the new markets where Bangladeshi apparel manufacturers started exporting their goods in their effort to diversify the markets due to falling demand during global economic crisis of 2007-08.
 
The cash incentive offered by the Government to apparel exporters is also considered a reason for rise in exports to new destinations.
 
Traditionally, Bangladesh exports its garments to the US, Europe and Canada, which together absorb over 90 percent of knitwear produced in Bangladesh.
 
During the three-month period, readymade garment (RMG) exports from Bangladesh to Europe accounted for US$ 2.88 billion, while those to the US contributed US$ 1.14 billion. Apparel exports to Canada and other countries fetched US$ 265.55 million in foreign exchange for Bangladesh.
 
Thus, Bangladeshi RMG exports to traditional markets still continue to be high in terms of value compared to exports to new markets, in spite of a huge growth witnessed during the first quarter.
 
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