In an effort to diversify market and further boost garment exports from Bangladesh, the Government is making efforts to ensure that apparel items could make their way to Russia and Brazil in next one and a half years.
This was stated by Bangladesh Commerce Minister Tipu Munshi recently.
“Efforts are on to enter into new markets to boost the country’s export earnings and we’ll have to sustain the competitive global market through competition,” maintained Munshi while addressing a discussion and inaugural ceremony of three-day machineries exposition titled “Sustainable development of apparel industry: prospects and obstacles,”held at the Bangabandhu International Conference Center (BICC) in capital Dhaka.
The Commerce Minister further said that the unexpected Rana Plaza Building collapse incident had showed the path to the RMG industry to make a turnaround and that is why the number of modern and green factories in the country is on the rise.
“Bangladesh is now much strong in the RMG industry…We’ll have to enhance our bargaining capacity and try to reduce the production cost,” maintained Munshi while noting that despite the successes, garment makers are not being able to get fair prices for their offerings.