Saturday, April 19, 2025
spot_img
spot_imgspot_img
HomeConversationsRMG Needs to Diversify its Core Products for Sustainable Business

RMG Needs to Diversify its Core Products for Sustainable Business

Fifth Alliance Global Trading Ltd. is a dynamic and innovative company committed to offering top-tier trading solutions across various sectors. With a strong presence in the global market, Fifth Alliance specializes in importing and exporting goods, ranging from fashion and textiles to industrial products. Its vision is to bridge the gap between diverse international markets, ensuring seamless trade and fostering long-term partnerships.

By leveraging cutting-edge technologies and strategic industry insights, Fifth Alliance consistently delivers high-quality products and services to clients. With a dedicated team of professionals, they focus on creating value, maintaining transparency, and exceeding expectations. Commitment to sustainability, ethical practices, and customer satisfaction sets Fifth Alliance apart as a leading player in the global trading landscape.

Rehnuma Chowdhury
Figure: Rehnuma Chowdhury, Managing Director, Fifth Alliance Global Trading Ltd.

Team Textile Focus met and had an Exclusive Conversation with Rehnuma Chowdhury, Managing Director of Fifth Alliance Global Trading Ltd. FIFTH ALLIANCE is a Proud Member of the Bangladesh Garments Manufacturing and Owners’ Association, Bangladesh Garment Buying House Association and is listed as an “A” category company with the Government of Bangladesh Department of Textiles.

Rehnuma Chowdhury said, “After August, the situation our country went through led to a revolution, and we directly and indirectly witnessed a student and public movement. The discussion here is about the merits and demerits of this movement, particularly in our garment sector. Following the movement, an interim government was formed, comprising many competent individuals, and our expectations from them are high. Since Dr. Mohammad Yunus became the Chief Adviser, he has taken several initiatives that have significantly increased our remittance flow and boosted the country’s foreign reserves. However, we also faced challenges in the garment sector. A sudden outbreak of worker unrest created a negative image of us abroad. As a result, significant pressure was exerted on garment owners, leading to a 50%-60% increment in gross salaries. This period, from August to December 2024, was extremely challenging for us.”

She further added, “After December, we started reorganizing our business. Although our exports increased slightly, profitability remained lower than before. After the new government took over, exports to the USA increased, which is a positive sign, especially for 2025. During the interim government, our country faced an unstable situation. Our buyers were not very supportive due to delays in orders, administrative inefficiencies, and worker unrest. However, after the change in the USA government and global conditions stabilizing in 2025, our country’s situation also normalized, and orders began returning. 

Now, to ensure profitability, we need to shift our focus beyond essential fashion and towards mid-range and high-end products. Transitioning into high-end fashion is essential to sustain worker salaries and maintain this growth. I am optimistic about 2025 and believe we can achieve our business targets, In Shaa Allah.”

YOU MAY ALSO LIKE
- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

Recent policy developments in Germany and the EU

I would like to inform you about the recent policy developments in Germany and the EU in relation to the German Supply Chain Act...

New industrial, captive gas users to pay 33% more

New industrial and captive gas consumers will have to pay about 33 percent more than the current rates. From now on, new industrial connections will...

BTMA Hosts Strategic Roundtable to Address U.S. Tariffs on Bangladeshi Exports

Dhaka, April 12, 2025 — The Bangladesh Textile Mills Association (BTMA) convened a high-level roundtable today titled “U.S. Tariffs on Bangladesh’s Exports: Reciprocal Strategies...