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Speeding up remediation to help Bangladesh garment sector, say experts

At a recent round table conference in Dhaka diplomats, economists and officials of the International Labour Organisation (ILO) were of the view that despite setbacks and odds, the country’s garment sector has performed well. And expectations from the burgeoning sector are high. Many felt the sector has the capacity to achieve a $50-billion apparel export target by 2021. The attendees of were optimistic and said adequate foreign direct investment (FDI) flow in the sector, completion of the ongoing remediation program for factories and ensuring workers' rights in the industry, can help achieve the target easily.

However, analysts were of the opinion that the target of $50 billion export set by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is consistent with the overall economic growth of the country but completion of the ongoing remediation program in garment factories appear to be a big challenge. There was, however, a loud appeal to the government to arrange foreign funds worth $200 million so that factory owners could be able to complete the remediation task at their units. They opined there was a need to double investment in the next five years to achieve the $50-billion export target by 2021. The fact remains that the required investment will not be possible without FDI. As far as remediation is considered, it is going on at snail’s pace. The slow process is attributed mainly to the lack of expertise, government vigilance, funding and unwillingness of factory owners.

Many factories are located in rented or shared buildings that accommodate other establishments and the row among the factory and building owners as to who will carry out the necessary flaw-fixing work is also to blame for the slow progress.

 
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