Bangladesh feels by building its image as a green industry in the global market the country’s export earnings can see growth. But the country faces problems of poor awareness on environmental sustainability and inadequate funds. Lack of technical expertise, limited availability of resources, scarcity of land and poor data management at the factory level are other factors.
But efforts toward green initiatives in the readymade garment sector are unstinting. Buyers the world over are attracted to green factories because of their commitment towards the environment. Green industrialization can play a vital role in increasing product diversification, price competitiveness and cost competitiveness.
Since 2011, 67 Bangladesh readymade garment factories have received Leadership in Energy and Environmental Design (LEED) certification from the US Green Building Council (USGBC), one of the top green building rating systems in the world. Out of the 67 factories, 13 have been rated platinum, 20 gold, and five silver. At least 222 more factories have been registered with the USGBC for the LEED certification.
The world is moving toward green industrialization. Green initiatives in the apparel industry attract global brands and retailers. Indonesia has 40 green factories, followed by India with 30 and Sri Lanka with 10. Bangladesh’s readymade garment sector is a $28 billion dollar industry.
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