We set a big and attainable goal to keep us in right track
The global economy is going through a tough time. The heat of global economic slowdown is also affecting Bangladesh. The country’s biggest industry –the textile and apparel industry — is observing order slowdown and some other problems including power and energy crisis. In these circumstances, how Bangladesh can attain its $100 billion export target and remain competitive—is a common concern roaming around the industry.
Textile Today was in a conversation with Shahidullah Azim, Vice President, Bangladesh Garment Manufacturers & Exporters Association (BGMEA) to learn how the industry can attain the target and remain competitive in the global market.
Textile Today: The $100 billion readymade garment (RMG) export by 2030 – how realistic is this target?
Shahidullah Azim: in FY 2021-22, Bangladesh’s RMG export growth was 34% – the export goal was set based on this growth – if the calm global scenario persists and local challenges like energy crisis eases. The RMG industry is optimistic as for the last few years our growth was continuously more than 20%. So, Bangladesh apparel industry has the capacity to persist this growth rate. Meaning, the export target is within our reach.
On top of it, we are focusing on diversifying our garment export market – till now Bangladesh RMG’s main export destination was EU and the USA – like the South East Asia, japan, Korea, Latin America, etc. We are focusing on conventional and non-conventional markets.







