Garment manufacturers of Bangladesh see a potential to export US $100 billion worth of clothing by the end of 2030.
“But this is subject to that they are ensured an adequate supply of gas and electricity and benefit from simplified business regulations,” Mahmud Hasan Khan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said.
According to Khan, reaching $100 billion in exports is not a formal target but a realistic possibility as global demand for apparel continues to grow and supply chains return to normal.
“Moreover, the BGMEA will work with the government to simplify customs procedures and reduce delays in export and import processes in order to enhance Bangladesh’s competitiveness in the global supply chain,” Khan stated while speaking with The Daily Star on the sidelines of a BGMEA AGM.
The government has already allocated Taka 20,000 crore for reopening closed factories, and the BGMEA has been collaborating with the government by providing information on shuttered production units so that they can access the fund.
At the AGM, members also raised concerns about faulty clauses in the Bangladesh National Building Code, which have created difficulties for many factories.
BGMEA leaders expressed their willingness to work with the government to find a solution to these problematic clauses.
Image courtesy: Inqalab
