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Bangladesh: RMG accessories sector clocks in positive growth

Bangladesh's readymade garment (RMG) accessories sector is now seeing a sound growth globally for its competitive price and standard. Global buyers are attracted by Bangladesh companies for their spirited prices, global standards and improvements in workplace environment. The sector is growing 10 to 15 per cent on a year-on-year basis for the last 10 years. Local businesses fetched export worth $ 3.5 billion in the last financial year (FY'16) a 25 per cent growth compared to FY'15.

President of Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) Abdul Kader Khan says for better quality and competitive price, many buyers are shifting to Bangladesh from China, India and other countries. Hence, demand for local garment accessories is growing in the international market. Meanwhile, the BGAPMEA has set a target of exporting apparel accessories and packaging products worth $4 billion billion in FY'17.

Proprietor of Zerin Tex, suppliers of fabrics, yarn and accessories Juber Alam says currently more than 96 per cent demand for garment accessories is being met from local production and the rest 5 per cent is being imported. Plastic accessories being manufactured locally are corrugated cartons, poly bags, buttons, zippers, and labels etc which are an integral part of RMG export.

 
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