Need to focus more on price and manufacturing efficiency, Stakeholders said at Dhaka Apparel Summit

  • Opening Plenary set the tone and our respected industry leaders shared their valuable insights from their experience.
  • Ranjan Mahtani, Chairman of Epic shed light on how fashion is changing and where should we focus to adapt with the changed scenario.
  • Honorable State Minister, Mr. Shahriar Alam praised the price efficiency and manufacturing efficiency in Bangladesh last decade. He shared the clear road map of government to improve the obstacles and make the overall process simpler and more efficient.

  • We had the pleasure to have Ms. Anne-Laure Descours among us. She put emphasis on the fact that the future direction will be heavily dependent on data and 4th IR. She also touched on a very important point, that sustainability and care for the environment are imperative and it can only be done through collaboration and hand holding approach between manufacturers and buyers.
  • The first session of the day, ‘RMG Sector to Roadmap: Towards a transparent and prosperous future” was full of experienced and enthusiastic panels. Moderated by Miran Ali, Vice president, BGMEA; this session focused on the current struggle faced by the manufacturers, as well as charted out a roadmap for improving the overall business environment of Bangladesh. Emphasis on transparency and traceability was also got focused on in this session. Industry academia partnership through collaborative research initiatives between development partners and industry was also emphasized.

  • The second session of the day, “Logistics infrastructure to take Bangladesh to next level of economic growth” identified areas that can be done to the logistical infrastructure to propel the growth of the economy and the apparel industry. Government initiatives like ‘industrial policy’ were highlighted where logistics is included as one of the export diversification factors. 10 ministry and 24 agencies are working on this strategy and it will definitely smoothen the overall procedure. The fact that we need to focus on logistic efficiency, especially time efficiency, and improving the capacity of sea and land ports were also discussed in this session.
  • The third session titled “ From Global to Local value chains – strategic alliance and collaborative capacity building for a diversified industry” focused on the important fact that Bangladesh should focus on diversification both in terms of fiber and markets. Nasir Ezaz Bijoy, CEO, of Standard Chartered Bank Bangladesh, highlighted how the financial sector can assist in this journey of diversification. Bangladesh’s graduation from LDC status and preparation for ensuring a smoother transition was also highlighted in this session. The importance of the Bangladesh industry’s digital presence in the virtual marketplace was nicely interpreted through Lightcastle’s presentation. The importance of skill development and capacity building was also highly emphasized by the panelists.
  • The last session of today’s event “Co-creating Sustainability + shared risks and rewards” was a session combined with people from Govt, Industry and strategic partners. Co-creating Sustainability + shared risks and rewards shared Beximco’s journey towards circular economy and sustainability, their excellence in these areas as well. How we can engage buyers in our strides towards sustainability and ensure a fair price was also highlighted. Bangladesh Govt’s committed effort towards achieving SDGs and meeting the NPIs was stated by Zuena Aziz, Principal Coordinator, SDG Affairs, Prime Minister Office. The demand for a unified code of conduct from the manufacturers was emphasized throughout the discussion. Last of all, ensuring well being of our workers in this process was also discussed.