$50b RMG export needs more investment in technology: Experts

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Staff Reporter :
To attain US$50 billion export goal by 2021 of the country’s apparel sector needs more investment in technology for its modernization, speakers at a seminar said.
It needs to make the RMG sector modernization by technology for more competitive, sustainable and profitable towards the target, they said.
Besides, infrastructure bottle necks and capacity constraints, which are the threat to prosperity, needs to be removed to attract more investment in industry, they observed.
Their observations came after an intense brainstorming panel discussion at a seminar on “Bastra Shilper Adhunikayan (Modernization of Apparel Industry)” in a city hotel Tuesday, a press release said on Wednesday.
The objective of the seminar is to iron out a solution for making the dream of earning additional US$ 22 billion from garment exports in next five years into a success.
The panel comprises from different sectors, including high government and non-government, banks, RMG industry, think tanks and IT officials.
Senior Commerce Secretary Haydayetullah Al Mamun, BGMEA President Siddiqur Rahman, Senior Research Fellow, BIDS, Nazneen Ahmed, Chairman & Managing Director, Amber Denim Showkat Aziz Russell and Mansij Ganguli, Co-founder & CEO ThreadSol were the discussants at the seminar.
Mohammad Zahid Hossain, special affairs editor of Independent TV moderated the panel discussion.
Speaking at the panel discussion, experts said globalization is widely forcing textile producers to use technology that improves productivity through process improvement, product innovation and new worker skills, and helps serve the customer more efficiently.
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