There are over 164 million people living in the southern Asian nation of Bangladesh. Agriculture plays a significant role in Bangladesh’s economy. But the fact is that Bangladesh’s garment industry is now the nation’s top foreign currency generator. This industry boosts the Economy tremendously and generates roughly 4.2 million new job possibilities. It is driven by youthful, enthusiastic employees, the majority of whom are women.
There are currently more than 5000 garment factories in Bangladesh, employing more than 12 million workers, of which 85% are women. Bangladesh has a much higher capacity for ready-made clothing than other South Asian suppliers, which is excellent news for the natives of Bangladesh. The industry exported garment items for $45.7 billion in the just-ended 2022, up from $35.41 billion in the previous year, a gain of 27.64%. Exporters predicted that 2023 would be a pivotal and difficult year for Bangladesh’s garment industry as the effects of the COVID-19 would still be felt.
This is why; this edition focuses on the challenges, and potential in the apparel sector in Bangladesh. So, let us present Mr. Shahidullah Azim, the Vice President of BGMEA, who is optimistic about the garment sector in Bangladesh. He also shared his thoughts and ideas about the current challenges in the apparel industries. Thus, this time, the edition introduces Prawma Tapashi Khan, the Country Manager of The Association of Chartered Certified Accountants (ACCA), a professional with great enthusiasm and drive. Also, I recommend reading the majestic journey of Mahfuzur Rahman, the Director of Labib Group, the journey of Md. Sohel Rana the Chief Financial Officer of Hosaf Group, and the journey of Redwan Rezvi the Category Head of Daraz.
InCAP Ranking has already gained massive popularity among readers, so in this edition, we have released the ranking of the Top 10 Green Garments Factories in Bangladesh – 2023. Sincere thanks to the Research and Development team of the International Corporate Association of Professionals (InCAP). Without their help, this work could not have been accomplished. So don’t miss that reading.
In this edition, our InCAP team honors and pays tribute to the liberation warriors, as well as the victims of the Liberation War of Bangladesh. Bangladesh has earned the respect of the international community for successfully making the transition from the position of a least developed country to a developing country.
Even in the eventful March of Bangladesh, Bangabandhu Sheikh Mujibur Rahman, leader of the nation, was born on March 17, 1920, in Tungipara. Humble respect and gratitude for the Father of the Nation on his birthday.
I sincerely thank our publisher – InCAP, beloved readers, well-wishers, and advertisers whose love and support we can reach out to worldwide today.
Happy Reading!
