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Sustainability doorway to $100b apparel, textile industry

Staff Correspondent
12 Mar 2023 14:37:25 | Update: 12 Mar 2023 22:03:54
Sustainability doorway to $100b apparel, textile industry

As Bangladesh’s readymade garment (RMG) sector aspires to become a leader in sustainable manufacturing, the industry is preparing itself for the next growth phase.

To expedite the green revolution, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has taken a series of initiatives under its sustainability vision 2030, which aims to reduce 30 per cent carbon emission and 50 per cent use of sustainable raw materials.

It also aims for a 50 per cent reduction of groundwater usage, 100 per cent use of ZDHC chemical usage, 30 per cent reduction of energy usage, 20 per cent use of renewable energy and 30 per cent reduction of deforestation.

BGMEA President Faruque Hassan made the disclosure in his keynote speech titled “Towards a $100 Billion Apparel & Textile Sector: Leveraging Sustainability, Competitiveness and Investment Opportunities,” at the Bangladesh Business Summit session on Sunday.

The BGMEA has set these targets in accordance with “Race to Zero” GHG emission campaign, SDG-12 on “Responsible consumption and production” and National Priority Indicators of the Government of Bangladesh.

Faruque also congratulated the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for celebrating 50 years of their establishment.

BKMEA to reach $100b export mark by 2030

Meanwhile, in a note for Bangladesh Business Summit, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Executive President Mohammad Hatem said they are hopeful about their target to reach the $100 billion export mark by 2030.

“Sustainability and ensuring continuous improvement of the garment industry in Bangladesh requires a concerted effort from all stakeholders, including buyers, manufacturers, suppliers, retailers, and the government. By addressing its challenges, the industry can become more competitive, profitable, and sustainable in the long run,” he said.