RMG sector earning may reach $30-35b in 4-5 yrs

The earning from garment sector may be taken up to US$ 30-35 billion in the next 4-5 years by ensuring power, infrastructure and port facilities, and maintaining law and order situation, said FBCCI President A K Azad.The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) chief said the local RMG industry’s growth was 40 per cent last year, and it will start increasing significantly within a short time. For this the government has to ensure logistic supports for the sector.

He said these at the inaugural ceremony of International Apparel Machinery, Fabrics and Accessories Tradeshow of Bangladesh at Bangabandhu International Conference Centre in the city Wednesday.

The three-day fair was jointly organised by Zakaria Trade and Fair International and ASK Trade and Exhibitions Pvt Ltd. It will continue from January 12 to 15, and as many as 150 companies from 24 countries will display their products at the 10th edition of Garmentech Bangladesh and IFA Sourcing Fair.

Industries Minister Dilip Barua was present as the chief guest of the programme.

Source: thefinancialexpress-bd.com