The Federation of Bangladesh Chambers of Commerce and Industry (FICCI) hosted a lunchtime meeting that highlighted the energy sector’s significant prospects and challenges, with a focus on the ready-made garment (RMG) sector. business leaders, decision-makers, and scholars convened to deliberate on sustainable energy solutions relevant to this crucial business.
The Ministry of Power, Energy, and Mineral Resources adviser, Chief Guest Muhammad Fouzul Kabir Khan, reiterated the government’s commitment to a sustainable energy future. He described a number of projects meant to improve energy efficiency and diversify energy sources, with a focus on how they will benefit the RMG sector, which is highly dependent on reliable and reasonably priced energy.
The former dean of Bangladesh University of Engineering and Technology (BUET), Dr. Ijaz Hossain, offered a thorough examination of the changing energy scene. He emphasised the need to sustain natural gas production levels while pointing out the trends of rising electricity demand in the industrial sector, especially in RMG. Dr. Hossain warned that if nothing is done now, the industry would become heavily dependent on LNG imports by 2030, which might have a negative impact on competitiveness and production costs.
Dr. Badrul Imam and Dr. M. Rezwan Khan were among the distinguished panellists who contributed to the conversation, which was facilitated by Nowshad Ali, Country Manager of GE Vernova Bangladesh. Particularly for the energy-intensive RMG sector, they emphasised the need of geological considerations and the use of renewable energy sources in attaining sustainability.
Dignitaries like FICCI President Zaved Akhtar, FICCI Board members, diplomats, and other stakeholders attended the event. They were all united in their commitment to promoting sustainable energy solutions that will benefit not only the RMG industry but Bangladesh’s whole economy.