The whole world has been suffering a lot from the COVID-19 pandemic. Every sector of the industry has been affected. The textile industry is the main remittance earning source for Bangladesh. This industry has been affected a lot due to lockdown everywhere and a shortage of orders. As everywhere vaccination has been started and the COVID-19 infection situation is better now. Fortunately, Bangladesh is receiving plenty of orders now. Team Textile Focus talked with industry stakeholders to know about their business in 2021 and furcating for 2022.Subael Sarwar, Director, Penta Group Bangladesh shared his views-
Textile Focus: How are you observing 2021 for your business?
Subael Sarwar: 2021 is the year we are ready to take off and overcome the crises. A huge inflow of orders has been noticed . Some previous customers have come in contact with us to begin afresh. During this new start price has been a significant aspect to look into. A rise in price of raw material has inclined making it difficult for us to set a fair price.
Textile Focus: What is your expectation and planning for 2022?
Subael Sarwar: 2022 could be a new fresh start. We have overcome the image crises which occured due to unavoidable circumstances. RMG entrepreneurs a good practice and behaving responsible through out the time. We claim to have more than 150 green factories which is the highest in the world. I believe by implementing proper strategic plan we can achieve 100 billion dollars of export milestone with in a very short time.
Our company Penta Group will focus on reducing lead time. We are carrying production in small quantities. We are specialize in making critical sewing products and value added products. I believe Bangladesh has huge potential to grab larger market share. We tend to look for the fair price not high price. We should hold up to the buyers who are shifting the production to Bangladesh. There are huge untapped market which we are still not focusing.