Bangladesh's apparel industry is increasingly focusing on product diversification, innovation, technology upgradation and skill development to enhance its capabilities and competitiveness in the global market in the coming days, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Vice-President Shahidullah Azim said.
He was speaking at a 16th senior basic intelligence course 2022 event organised by the National Security Intelligence Training Institute in Dhaka Sunday.
The readymade garments (RMG) industry is focusing on diversifying products, especially man-made fibre-based products as part of its strategy of shifting from volume to value and quantity to quality, the BGMEA vice-president said.
"Globally the share of cotton textile and clothing consumption is 25 percent only, but 75 percent of Bangladesh's RMG product is concentrated on cotton. This means we have tremendous opportunities in this segment."