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Saturday, February 24, 2024

$100bn garment export target, Bangladesh has to double denim exports

At the Bangladesh Denim Expo held last week, speakers stressed on the need to double the country’s denim exports to attain the target of exporting US $100 billion worth of garments by 2030. “Denim and related products currently account for 25 percent of our country’s clothing exports. So to reach the target, we need to double denim export by 2030,” Siddiqur Rahman, former BGMEA President said.

“Since the industry has made exemplary progress in workplace safety and sustainability, global brands and retailers will consider Bangladesh as a preferred destination,” Rahman observed in his inaugural address.

“Although we are second largest in global apparel exports, we are the biggest worldwide exporters of denim products to the EU and the US,” Tipu Munshi, Bangladesh Commerce Minister informed “We have 200 LEED-certified green garment factories, which is proof of the clothing industry’s commitment to sustainability,” Faruque Hassan, BGMEA President also said. Hassan also told the delegates that among the world’s top 10 green factories in the garment industry; at least 8 are located in Bangladesh.

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