Speakers at a panel discussion stressed the need for collaborative approach of the industry stakeholders, innovative business model, and financial support mechanism to foster a circular industrial ecosystem in order to drive transition of Bangladesh’s RMG industry to circular economy.
The discussion was as a part of a dialogue titled “Switch to Upstream Circularity: Pre-consumer Textile Waste in Bangladesh”.
This event was organized under the Switch to Circular Economy Value Chains project (SWITCH2CE), co-funded by the European Union and the Government of Finland. SWITCH2CE is led by United Nations Industrial Development Organization (UNIDO), in collaboration with Chatham House, Circle Economy, and European Investment Bank, and supports the switch to circularity in selected global value chains.
Dishan Karunaratne, Chief Representative of Bangladesh and Pakistan at BESTSELLER, Dr. M. Masrur Reaz, CEO of Policy Exchange, Mohammed Zahidullah, CSO of DBL Group, Md. Shahidullah Azim, Vice President of BGMEA and Syed Mahbubur Rahman, Managing Director and CEO of MTB, BD took part in the panel discussion on “Enabling a circular industrial ecosystem by an innovative business model”.
Moderated by Shams Mahmud, Managing Director of Shasha Denims, and also the Chair of BGMEA Standing Committee on Foreign Mission Cell, the panelists discussed circularity scenarios and possible solutions to successfully transform Bangladesh’s garment and textile industry to integrate circularity into the value chain.