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PwC’s seminar recommends eco-friendly apparel factories in Bangladesh

PricewaterhouseCoopers BD and the BGMEA recently organised a seminar on ‘Driving Transformation in Bangladesh’s apparel industry’ in Dhaka. It was inaugurated by Mamum Rashid, Managing Partner, PwC Bangladesh, who made the welcome address. This was the first ever PwC-organised seminar in the port city. Experts at the seminar were positive about achieving the target of $50 billion apparel exports by 2021. They believe there is no significant change in the market share of RMG exports in the EU countries over the last few years and export diversification to non-traditional markets including India and Russia can provide a big opportunity for growth.

Experts at advised the Bangladesh government to establish environment-friendly apparel factories by ensuring 9.0 per cent interest on loans. These loans will be disbursed to entrepreneurs who intend to establish green factories, raise local textile plants with modern machinery, management practices, infrastructure development and enhance port facilities for efficient logistics in this fiscal year.

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