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According to the local newspaper, The Daily Star, panelists at the consultation argued that the innovations Bangladesh has achieved in quality, product diversity and compliance require foreign clothing buyers to offer fairer and more moral prices.
The panelists, who included Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), Mohammed Hatem, said foreign buyers and brands consistently pay less than the global average to garment suppliers in Bangladesh.
Hassan told Just Style exclusively: “With exemplary progress in occupational protection and environmental sustainability spaces, Bangladesh has positioned itself as a preferred garment sourcing selection for global buyers.
He explained that Bangladeshi garment factories have made massive investments in protection while investing more and more money to make production sustainable.
He said: “The industry is taking on many projects for staff rights and welfare. In addition, emerging costs of yarn, chemicals and other unfired fabrics in the global supply chain have higher production costs in garment manufacturing. In addition, production costs have risen due to emerging interest rates, energy shortages, and emerging costs. He continued, “It’s great to see our achievements appreciated, but the costs presented through buyers don’t reflect that. Buyers want to be more rational in their pricing and purchasing practices in order to build a more resilient and sustainable supply chain. This will gain advantages not only from suppliers, but also from contracted personnel in the industry. Fair costs would allow factories to invest more in sustainability and staff well-being.
Meanwhile, The Daily Star quoted Hatem as saying, “Buyers communicate lightly on the issue of fair product prices,” and also explained that Hassan added that the country’s apparel sector intends to pioneer environmentally friendly production and is ready for its next growth. phase.
BKMEA had responded to Just Style’s request for comment at the time of publication.
Minister of Textiles and Jute, Golam Dastagir Gazi, said: “Our textile sector has met foreign criteria in operating environment, chimney protection, construction protection and others. But because of the Covid pandemic, like many countries, we now face difficult responsibilities ahead. “
Last November, the BGMEA said it was looking to increase its 8% market share in apparel with an export target of $100 billion through 2030.
Hassan said at the time: “Bangladesh’s garment industry has progressed over the past decade. In addition to innovations in fitness and safety, steady progress has been made in sustainability. With Made in Bangladesh Week, we invite everyone to witness progress and play. a role in discussions that will continue to drive improvement across the industry.
In an exclusive interview with Hassan at Made in Bangladesh Week 2022, which took place the same month, he explained that the main goal of the collection is to demonstrate Bangladesh’s functions and get rid of the outdated symbol that its brands can only produce “fast fashion”. . .
He is also willing to say that Bangladesh has the highest number of green factories and makes them 8 of the 10 most sensible green factories in the world.
Click here to read the first and most important research of Just Style Made in Bangladesh week.