New RMG markets under exploration

http://www.theindependentbd.com/business/others/82359-new-rmg-markets-under-exploration.html

New RMG markets under exploration
Author / Source : STAFF REPORTER

DHAKA, NOV 29: Apparel makers have started diversifying their markets in view of alarming recession in Europe and America.

“We’re firm to fight off the looming crisis eventually,” Md Shafiul Islam Mohiuddin, president of Bangladesh Garments Manufacturers and Exporters Association (BGMEA) said on Tuesday while speaking to members of the Overseas Correspondents Association of Bangladesh (OCAB), a group of stringers of overseas media. The news briefing was attended by Md Siddiqur Rahman and SM Mannan Kochi — vice presidents — and all BGMEA directors.

The apparel sector trade body chief said Bangladeshi readymade garment (RMG) entrepreneurs are resilient and have overcome all obstacles, thanks to the positive taken by the government.

“We’re determined to surpass even the last year’s earnings of $18 billion,“ Mohiuddin said, adding that the target is achievable, given the present hectic moves by the BGMEA in exploring new markets. BGMEA has found huge markets in India and Latin American countries.

The BGMEA chief, who has just returned from a trip to India, said the neighbouring country holds out great promise for Bangladeshi garments. He said all the Indian stakeholders, including the central textiles ministry officials, have assured the BGMEA of all-out cooperation in facilitating duty- and quota-free access of 46 apparel items from Bangladesh to the huge Indian market.

Mohiuddin further said his organisation will organise  four big exhibitions in four major cities of India soon.

He also pointed out that Latin America too has a very big market for Bangladeshi garments. “Initiatives are being made to explore it,” he added.

The BGMEA president announced the holding of the 22nd three-day BATEXPO in Dhaka from December 10 which both Prime Minister Sheikh Hasina and opposition leader Khaleda Zia will attend.

Last year, the BATEXPO found spot orders to the tune of $65 million.    There will be 142 stalls in this year’s exhibition while 25 have been allotted as foreign stalls. Arrangements have been made by the BGMEA at the Hazrat Shahjalal Airport to receive foreign participants in the 22nd BATEXPO. Shafiul Islam Mohiuddin said the recession in Europe and America has its severe effects on Bangladesh. “Orders have been squeezed with prices being offered are cut. Against this, we have to move forward with the help of all.”

He said that he is happy over the progress being made in the field of electricity as the present government has added 2,000 megawatts to the national grid. “But I am worried over the gas situation,” he said. Moreover, infrastructures have to be improved for quick movement of garments up to the port, he suggested.

“The thrust of this year’s BATEXPO will be on Branding Bangladesh,” he said, laying emphasis on projection of Bangladesh potentials.

“We’re not involved in exploring our markets alone; we care for our workers who toil day and night for what we achieved and what we aim to attain. They’re our heroes”, the BGMEA president said.  The BGMEA has set up 12 clinics in Dhaka, Narayanganj and Chittagong to ensure RMG workers’ healthcare. Each of the BGMEA member-factories has its own doctors to address the health needs.

Two full-fledged hospitals in Chittagong and Dhaka will provide round the clock healthcare facilities to RMG workers.

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