13 December 2023, Mumbai
Poised for LDC Graduation and Beyond
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- Local value addition in Bangladesh's RMG industry reaches a record 70.78% in Q1 FY24, marking significant progress.
- Investments in greener facilities, diversified products, and vertical integration are driving the industry's transformation.
- Preparing for LDC graduation by strengthening backward and forward linkages is crucial for long-term competitiveness.
- Government support and buyer appreciation for local materials are essential to accelerate value addition.
- The RMG industry's impact extends beyond exports, fueling growth in ancillary industries and contributing to the broader economy.
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