Bangladesh-December 2022 marks 51 years of its independence

 01 December 2022, Mumbai

As Bangladesh celebrates 51 years of its independence this December having won this milestone under the unprecedented & remarkably outstanding leadership of the father of its nation Bangabandhu Sheikh Mujibur Rahman and the indomitable spirit & supreme sacrifices of 3 million martyrs whom the nation can never forget.

Momentous event

Historically December is not only the symbol of its national pride but also an envious inspiration making the nation what we know today brimming with confidence marching forward hitting new milestones as the country is soon expected to be robbed of the tag of LDC (Low developed country), as 'Bangladesh is scheduled to graduate on 24 November 2026 (states the General Assembly resolution)'. BGMEA's latest statement also echoes the mood mentioning that this is what makes us indomitable as a nation, underlining the nation's commitment and the spirit to devote all of us in letter and spirit better to our economic freedom. Furthermore, on the first day of this great month of victory, the nation throws back with serious respect and revere making Bangladesh world-ready and world Bangladesh-ready commemorating the memorial of all the heroes who valiantly sacrificed lives to help our great country earn independence/sovereignty.

Contextualizing in the run-up to the recently concluded maiden celebrated weeklong event of the famed Apparel industry namely ‘Made in Bangladesh Week 2022’ with the theme “Care for Fashion” demonstrating the true spirit of the nation called Bangladesh.

BGMEA in their official communiqué underpinned that the underlying aim of this humongous exercise was to create imagery and branding of the country's famed apparel industry and through the platform/forum let the wider stakeholders assemble, ideate, deliberate/interact through storytelling and chalk out the envisioned future roadmap/road ahead aligning the vision 2030 harmoniously.

The event was inaugurated by none other than Honorable Prime Minister Sheikh Hasina, M.P. who was the Chief Guest on 13 November 2022, and placing it on record the spirited event was the first public in-person event in previous over 2 years she attended. The No-brainer garment/RMG/apparel industry always takes prominence in Bangladesh's economic history given that the nation sees a lot of headroom in the apparel story in coming years.

Bangladesh's tryst with the apparel industry

Bangladesh is the second-largest apparel/clothes supplier to the EU and the world. The business environment thus far is optimistic and the fact of the matter is they are looking at seizing the emerging opportunity of "China Plus One Or Friend Shoring" evolving world's geopolitics landscape presents in the efforts to make the supply chain resilient. Placing it on record, the nation exports ‘Made in Bangladesh’ apparel in excess of 160 countries globally. The industry’s quest for excellence coupled with strong determination and concrete actions has earned Bangladesh glory as one of the safest, green, and ethical garment sourcing hubs in the world.

BGMEA: A vision for a sustainable future, a better future

According to BGMEA, Bangladesh's website," The readymade garments industry (RMG) has a catalytic action for the economic development of the nation and is a critical economic force multiplier since last few decades. The proud "Made in Bangladesh" tag has also brought fame, and glory to the country, earning it a prestigious place & stature connecting this brand across the global supply chains making it a credible partner to global brands, retailers, and wholesalers of repute through the years.

Furthermore, a nation, which was once termed by cynics a "bottomless basket" has now become a "basket full of wonders." The country with its limited resources in the textile supply chain and being dependant on key raw materials from other nations has incredibly been achieving a respectable 6% annual average GDP growth rate supporting it and bringing about remarkable social and human development in its changing economic and demographic landscape".

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