Bangladesh aims to expand its garment exports to $100 billion by 2030. To achieve this, the sector plans to shift towards producing high-value, fashionable clothing.
Traditionally known for basic items, Bangladeshi apparel exporters are now focusing on producing more complex and stylish garments, like jackets, lingerie, sportswear, and suits.
Leading this transition is the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which is spearheading the initiative to facilitate the shift towards high-value items. Faruque Hassan, President, BGMEA recently visited factories to see firsthand the production of these high-end items.
During these visits to companies like Universal Menswear, Suad Garments Industries, Yunusco, UHM Ltd, and Remi Holdings, he engaged with factory management and officials to gain insights into the prospects of such garments in global markets.
He discussed ways to support manufacturers and boost Bangladesh's capabilities in this area. Hassan also underscored the opportunities presented by non-cotton fiber products for diversification, stating, by shifting towards non-cotton and the high-end segment, Bangladesh can not only seize the opportunity but also position itself as a key player in the global fashion industry.
As more and more garment factories move towards manufacturing high-end and value-added products, more brands need to step up investments in innovation and technological upgradation, opined Hassan. He urged factories to embrace this trend and manufacture diversified high-end products to capitalise on the opportunities in the global market.
