Bangladesh’s textile garments industry has been suffering a lot during this pandemic situation. It has largely affected order decrease due to the COVID-19 outbreak. Last year the industry survived with some good initiatives and government support. As the country is largely affected by the second wave of COVID now it’s really a very hard time for this industry. Recently the BGMEA election has been completed and new BGMEA committee with the leadership of Mr. Faruque Hassan has taken charge for 2021-2023.
Textile Focus has been talking with BGMEA members’ company owners regarding the expectation from the new board. One of the young entrepreneur, Eazaz Mohammed Director of Orchard Sweaters & Orchard Group expressed the wish to the new BGMEA board.
Eazaz Mohammed Director of Orchard Sweaters & Orchard Group:
The Honorable Prime Minister has been very kind and responsive for the survival of our Garments sector. I believe instead of looking for any more subsidies from the Government, all the Garments Owners should work together for the future of this sector. In fact, we should be more dynamic and proactive in order to expand our scope in garments sector, both in terms of backward linkage as well as forward linkage industries.
Although Bangladesh is the second largest in terms of Garments Export, we are still very low in terms of value addition. We can easily increase our contribution to the economy of Bangladesh only by investing in backward/forward linkage factories. If we import less raw materials from other countries, this will not only help us to keep our foreign currency within the country but it will also help us open new doors for businesses within this sector.
|Hence, my request to the newly elected young and dynamic leaders would be to look for new scope within this sector and rebrand our country not only for making garments but also for fine fabric materials and so on.|
In the midst of Pandemic, we are forgetting one very important part that is taking place in the global supply chain. The whole world is shifting their supply chain dependency from China. This includes our Garments sector as well. This is another reason why I think we should be focusing more about post pandemic economy than the current unavoidable situation.
Hence, my request to the newly elected young and dynamic leaders would be to look for new scope within this sector and rebrand our country not only for making garments but also for fine fabric materials and so on. It is a prime time for us to get a large chunk of this Chinese supply chain moved to our country. Otherwise, our competitors will move ahead of us and we will lose our position as the second largest Garments exporter in the world.