GLOBAL RETAILERS: $50BN RMG EXPORT TARGET ACHIEVABLE


GLOBAL RETAILERS: $50BN RMG EXPORT TARGET ACHIEVABLE 

garments_6353Tribune Report

‘The Summit has opened our eyes for the future of Bangladesh’s RMG sector after participating in the event and having visit to several factories’

Bangladesh’s target for $50-billion export by 2021 is possible to achieve as the country has capacity to embrace global demands with its huge workforce, said leading global retailers.

The retailers that participated in the three-day “Dhaka Apparel Summit 2014” expressed their opinion in a feedback to Bangladesh Garment Manufacturers and Exporters Association through emails, BGMEA Vice-President Shahidullah Azim told the Dhaka Tribune.

“The Summit has opened our eyes for the future of Bangladesh’s RMG sector after participating in the event and having visit to several factories,” Azim said, quoting retailers and participants.

rmg_chinaRana Plaza and Tazreen Fashions do not depict the real picture of apparel industry, there is something unique in the sector, which can meet the global demands for quality products, Azim said, referring to retailers.

BGMEA organised the summit to draw a roadmap to reach an apparel export target of $50bn by the year 2021 when the nation will celebrate the golden jubilee of the country’s independence.

“The export target for $50 billion set by the BGMEA could be achieved by 2021,” said Prof Arnold Marshal Zack of Harvard Law School through an email.

“The apparel summit has put forward the impeccable story of Bangladesh’s RMG sector before the world community. It has also helped develop interrelation that would bring positive change among the people in the sector,” Zack added.

He said Bangladesh would top the list of RMG manufacturing countries in Southeast Asia if the country works in combine with all.

“I am waiting to see how the plans and recommendations are implemented maintaining a sustainable and ethical standard,” said Jean Lambert, European Parliament for London Green Member, who was overwhelmed with the ambitious future plans and recommendations that came from the apparel summit.

“BGMEA has lifted retailers, stakeholders and participants to a new height through the summit and it is totally impossible for any single individual to go beyond the benchmark,” said Thomas A. Nelson, Vice President, Supply Chain- Global Product Supply, VF Corporation in his email.

VF Corporation would continue its support to expand business in Bangladesh and financing with low interest for factory remediation, added Nelson.

Thomas A Kochan, Professor, Work and Employment Relations, Sloan School of Management, MIT, Boston assured the RMG entrepreneurs that they would work together with the entrepreneurs to ensure safety and develop working environment in the factory.

Avedis H Seferian, President and CEO of Worldwide Responsible Accredited Production (WRAP), said he firmly believed the $ 50-billion export target set by the BGMEA would be implemented by 2021.

Rachel Heath, Assistant Professor of Economics, University of Washington, Seattle, Rick Darling, Executive Director, Government and Public Affairs, Li & Fung (Trading) Ltd, Ms Sarah Labowitz, Co-Director, New York University Stern Center for Business and Human Rights, also sent separate emails to BGMEA, praising the event and expressing their high hopes on the bright future of the country’s RMG sector

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DECEMBER 19, 2014

DHAKATRIBUNE

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An aware citizen..
This entry was posted in ACHIEVEMENTS - SUCCESS, CHALLENGES, CURRENT ISSUES, ECONOMY, GLOBAL INDICATORS & BENCHMARK, GROWTH & TARGET, INDUSTRIES, STRATEGY & POLICY and tagged , , , . Bookmark the permalink.

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