Our competitors are edging just ahead in the race, but Bangladesh is pushing up the competition to Vietnam, being ahead of India and Sri Lanka in absolute terms. This is what our RMG sector boasts in the first half, H1 of 2015, growing 9.47% to $2.68 billion from $2.45 billion last year’s corresponding period to the US market, however the growth being
trailing compared to the competitors. Still, this is a strong comeback, overcoming the economy’s two major RMG disasters and exporters are feeling an air of confidence.
trailing compared to the competitors. Still, this is a strong comeback, overcoming the economy’s two major RMG disasters and exporters are feeling an air of confidence.
With $50billion target by 2021 and a bold claim of no child labor already achieved, Bangladesh are doing all they can to boost RMG. In the 3 day expo in Chittagong ending August 8th, commerce minister Tofail Ahmed urged all delegates to extend a caring hand, amongst seminars covering innovation, productivity and introduction to technology to provide our RMG the competitive standard. Thus, it was a sunshine when Planning minister Mostafa Kamal announced the creation of specialized banks for RMG sector. It would allow favorable interest rates and an industry-friendly financing policy, helping small and medium factories for relocation.
Hoping for the best for our RMG and more discussion in the links.
RMG export earnings from US rises by 9.47pc in H1 (NewAge)
Investment in RMG manpower training key to branding: seminar (NewAge)
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