Bangladesh's economic diversification has remained a goal rather than an outcome for decades.
Costs have since climbed to Tk 1,264 crore, a 34 percent increase, according to planning ministry documents.
Non-garment exports struggle with quality standards and logistics bottlenecks
Bangladesh should widen its export base within and beyond the ready-made garment industry by moving into mid-tier technology sectors, said Aditya Gahlaut, head of Asia for Global Trade Solutions at HSBC.
Bangladesh's economy faces instability, inflation, and political unrest hindering growth.
For other sectors to expand as much as RMG has, they must be given better policy support.
By limiting ourselves to these two markets, we are missing out on a whole world of opportunities.
Commerce ministry should fast-track project to help in export diversification
A Tk 9.95 crore project of the commerce ministry aimed at expanding the country’s export basket and reducing import dependency has failed to meet its deadline for a second time due to the slow pace of implementation.
By limiting ourselves to these two markets, we are missing out on a whole world of opportunities.
Commerce ministry should fast-track project to help in export diversification
A Tk 9.95 crore project of the commerce ministry aimed at expanding the country’s export basket and reducing import dependency has failed to meet its deadline for a second time due to the slow pace of implementation.
