RMG like industries key to diversify footwear export

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Business Desk :
The country needs to encourage joint venture investments in multiple sectors by dedicating special economic zones (SEZs) to promising industries such as footwear to acquire higher skills and diversify exports, a business gathering was told on Thursday.
Business leaders also called for equitable treatment for other sectors like readymade garments (RMG) in policy and fiscal supports to smoothen Bangladesh’s transition to the status of a developing economy.
“RMG benefits should be given to other sectors… We all should be on the same page,” noted industrialist and former caretaker government adviser Syed Manzur Elahi said at a webinar on ‘LDC Graduation of Bangladesh: Transformation and Preparedness’, organised as part of the weeklong Bangladesh Trade & Investment Summit 2021, by the Ministry of Commerce and Dhaka Chamber of Commerce & Industry (DCCI).
Dr Ahmad Kaikaus, Principal Secretary to the Prime Minister, addressed the event as chief guest, and emphasised strengthening the private sector’s further engagement in order to ensure sustainable graduation from the LDC status.

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