Speakers from the readymade garment (RMG) sector, participating in a seminar in Dhaka, said the RMG industry in Bangladesh will be driven by technology and have competitive advantage over other regions. New techniques of management and human resource development will also be required to further improve the scope of the RMG sector, opined state minister of foreign affairs, Shahriar Alam.
PricewaterhouseCoopers (PwC) Bangladesh had organised the seminar titled 'Taking Bangladesh Apparel Sector Forward' where Alam was the chief guest. The minister claimed that all the factories have been made compliant in the recent past. The global market was expanding and it was the need of Bangladesh to diversify its products and markets and lead the garments sector.
He further said that achievements in the RMG sector of Bangladesh are example for many countries and they have been trying to reach this position. The RMG sector in Bangladesh has scope to improve further by applying new techniques of management, human resource development and using the latest technologies and these are essential for achieving the target of $50 billion export earnings from this sector by 2021.
Industry leaders participating in the seminar were of the opinion that technology will be the key enabler to help increase productivity in Bangladesh's labour intensive RMG sector. It would need to innovate to remain competitive as countries like Africa and Myanmar enter the RMG mix. Access to finance and financial tools will also is the key to drive the sector's growth.
