November 22, 2024
Industry

Bangladesh Needs To Double Denim Exports To Reach $100bn Target

Speakers at the Bangladesh Denim Expo said that Bangladesh needs to double its denim export to achieve US $100 billion apparel export target by 2030.

This was said by Siddiqur Rahman, former President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in his inaugural address.

“Denim and denim related products accounts for about one fourth of Bangladesh’s total clothing export. So, to fetch the $100 billion apparel export target, the country has to double its denim export by 2030,” Rahman informed

“It’s possible, because we believe that brands and retailers will choose Bangladesh as their preferred destination, since we have made exemplary progress in workplace safety and sustainability,” he added.

“Bangladesh is the second largest apparel exporting country in the world; but in denim we are the largest exporter, both to the EU and USA and are ahead even of China,” Commerce Minister Tipu Munshi also said.

“The presence of 200 LEED certified green garment factories is a testament to Bangladesh’s apparel industry’s commitments towards sustainability,” BGMEA President Faruque Hassan also added

“Among the world’s top 10 green factories now at least 8 are located in Bangladesh,” he stated.

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