Home Apparel Government urged to resolve energy crisis for RMG sector

Government urged to resolve energy crisis for RMG sector

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They made the call at an inaugural ceremony of the two-day Denimsandjeans.com Bangladesh Expo held in the capital yesterday. The show ends today. The sixth edition of Denimsandjeans.com Bangladesh show began at Radisson Blu with the aim of sharing information about the latest fashion trends in denim products and bridging a relation between buyers and manufacturers. The exhibition provides a platform for the global denim manufacturers, buyers and retailers to assemble with the objective to share, interact and establish business ties with the suppliers of Bangladesh. “In the country, there is a good number of green and global standard RMG factories complied with safety issues. If the present export growth continues, Bangladesh will be able to fetch $50 billion exporting apparel products by 2021,” said Bangladesh Textile Mills Association (BTMA) vice-president Fazlul Haque. He suggested that the government resolve gas and electricity crisis and ensure that gas prices do not increase. If these issues are addressed properly in line with political stability, Bangladesh will make tremendous progress, added the BTMA leader. “Bangladesh has made a lot of progress in denim products and manufacturing quality products,” Turkish Ambassador to Bangladesh, Devrim Öztürk, said while addressing the programme as the chief guest. “There are some good factories in the country and I hope the export of denim products from Bangladesh would see a big jump in the next few years.” In the expo, Bangladeshi participants have shown strength of denim industry, which is growing very fast with innovation and quality products and also with on-time delivery. The booming denim industry has great potential, the market of which is expected to reach $64.1 billion by 2021. 70% of the amount could come from Asia. The country has become the key manufacturing and sourcing hub among Asian countries. Nurturing this hope, the show has come into being and it would help bring global denim buyers land here. Some 28 companies from across the world participated in the expo with their latest trendy denim fashion products.