Bangladesh’s RMG to enter Brazil, Russia
Business Live: Commerce Minister Tipu Munshi today said that the Bangladeshi RMG export items would be able to enter the markets of Brazil and Russia within the next one and a half years. “Efforts are on to enter into new markets to boost the country’s export earnings and we’ll have to sustain the competitive global market through competition,” he said.
The minister was addressing at the inaugural ceremony of a discussion meeting and three-day machineries exposition titled “Sustainable development of apparel industry: prospects and obstacles” held at the Bangabandhu International Conference Center (BICC) in the city, said a ministry press release.
Organized by Export Exhibition and supported by Sustainable and Renewable Energy Development Authority (SREDA), the function was addressed, among others, by former FBCCI President Shafiul Islam Mohiuddin, Founder of Innowell Engineering International Private Ltd Ferno Susai, former BKMEA President M Fazlul Haque, Bangladesh University of Textiles Prof Dr M Julhas Uddin and Managing Director of Apples Global Ltd Birendra Goyal.
Tipu said the unexpected Rana Plaza Building Collapse incident had showed the path to the RMG industry to make a turnaround and that is why the number of modern and green factories in the country is on the rise. “Bangladesh is now much strong in the RMG industry.”
Noting that despite various successes, the RMG producers are not being able to realize the just of their produces, he said:”We’ll have to enhance our bargaining capacity and try to reduce the production cost,”
Dhaka 18 July (campuslive24.com)//MIH