‘Unit cost economics key to reaching $50b goal in RMG’

Unit cost economics is the key to garment export growth in Bangladesh and to ensure the target for $50 billion by 2021 is met and Bangladesh will need to be more competitive in terms of cost. 

Anas Shakil, country head (Bangladesh), ThreadSol, made the statement while addressing a seminar on the second-day of the recently ended Garmentech Bangladesh-2017 at the International Convention City Bashundhara - ICCB in Dhaka from January 18 to 21, a press statement said.  “Cost per garment determines the profitability of the garment business. And this cost per garment will have to be lowered or maintained,” Anas Shakil added. 
At present, Bangladesh is the second largest RMG manufacturer and exporter. This year the nation exported garment worth $28 billion, however the aim for Bangladesh Garment Industry is to reach $50 billion worth export by 2021, the year the country marks its 50 years of independence.

Unit cost economics key to reaching $50b goal in RMG

Unit cost economics is the key to garment export growth in Bangladesh and to ensure the target for $50 billion by 2021 is met and Bangladesh will need to be more competitive in terms of cost. Anas Shakil, country head (Bangladesh), ThreadSol, made the statement while addressing a seminar on the second-day of the recently ended Garmentech Bangladesh-2017 at the International Convention City Bashundhara - ICCB in Dhaka from January 18 to 21, a press statement said. Cost per garment determines the profitability of the garment business. And this cost per garment will have to be lowered or maintained, Anas Shakil added. At present, Bangladesh is the second largest RMG manufacturer and exporter. This year the nation exported garment worth $28 billion, however the aim for Bangladesh Garment Industry is to reach $50 billion worth export by 2021, the year the country marks its 50 years of independence.