Target to earn $50b by 2021: Dhaka Apparel Summit-2014 kicks off in city today

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BSS, Dhaka :
The first ever ‘Dhaka Apparel Summit 2014’ begins today at Bangabandhu International Conference Center (BICC) aiming at preparing a roadmap to fetch $50 billion by 2021 from apparel export.
Prime Minister Sheikh Hasina is expected to inaugurate the three-day mega event of the country’s prime export earning sector.
Organized by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the event is bringing together the garment manufacturers and exporters, leading global brands, investors, experts and policymakers at a platform where they would find the way of expediting the immense prospect of apparel sector.
There would be several panel discussions on topics like environmental sustainability, products and market diversification and global tariff structure, which will benefit local apparel makers to be enriched and knowledgeable about latest apparel technologies and fashion.
“The major objective of organising this event is to branding Bangladesh and developing an effective roadmap to help increase earnings from RMG export to $50 billion by 2021 when the country will be celebrating golden jubilee of independence,” BGMEA President Atiqul Islam told a press conference today.
Besides the major focus on the way of increasing of export earnings, the three-day summit will address the environment and safety of the garment industry and its employees and workers. The issues, related to get greater access of local apparels to the global market, will be heighted in three particular programmes to be held during the event.
On the sideline of the event, a safety expo styled ‘Bangladesh Building and Fire Safety Expo, 2014’ will also be held, where safety equipment producers will display their products to make it familiar to the factory owners.
Brands, fashion designers, sourcing executives and experts from home and abroad are expected to attend the summit to share their experiences and gather knowledge about Bangladesh’s apparel industry.
A number of international experts including Tyler Gillard, legal expert at the OECD Investment Division; Wilma Wallace, deputy general counsel and vice president Gap Inc; Congresswoman Ellen Tauscher; Prof Arnold M Zack, arbitrator and mediator, Prof at Harvard Law School; Avedis H Seferian, president & CEO of Worldwide Responsible Accredited Production are participating in different sessions of the summit.
According to Export Promotion Bureau (EPB), the export earnings from RMG sector crossed $30 billion-mark for the first time at the end of the past 2013-14 financial year.
BGMEA expects that the earning would increase substantially in the coming years with coordinated efforts to develop further the country’s premier export earning sector.
Alliance for Bangladesh Worker Safety (a group of north American apparel companies), GTZ (German Technical Co-operation) and American Apparel and Footwear Association (AAFA) will be providing necessary support to BGMEA to organise the event.
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