The New Nation - Internet Edition

Staff Reporter

Bangladesh has achieved three per cent of the total garment market in the world that earns about Tk 63,000 crore per year. More than 70 per cent of the revenue of the garment sector is contributed by buying houses.

The officials of "Bangladesh Garment Buying House Association" (BGBA) disclose this in the annual conference in a city hotel yesterday.

In this connection a discussion meeting on "The Role of Buying House in RMG Sector, Problem and Prospects" was held.

Prof Imtiaz Ahmed, Department of International Relations of Dhaka University, presented keynote paper. "He said it's the age of globalisation and garment sector plays an important role in the process. We should make products of world standard. Without quality products it's impossible to survive in the international market."

He hoped that Bangladesh would manage to play a vital role to reverse the globalisation process through the garment sector. He also suggested BGBA to negotiate with Dhaka University authority to establish Department of Fashion and take initiative to introduce fashion TV channel.

Mohammad Abdur Rouf Chowdhuary, Member of the Regulatory Commission, said, "we should consult with non-resident Bangladeshis in UK and America to expand the market across the world."

He suggested BGBA to work with not only RMG sector but also with multi product sectors such as fish, leather, jute etc.

Prof Mustafizur Rahman, Executive Director of Centre for Policy Dialogue, said, "we should follow inter garment diversification and product diversification policies to develop buying house business."

SA Nasir, secretary general of BGBA, alleged that buying house had become the victim of serious harassment and the lengthy process as the Bangladesh Bank is compelling them to be registered through wrong application of the law. Due to lengthy process to give permission regarding L/C transfer, a number of orders are lost every year. He requested the authority concerned to take proper initiatives to solve those problems immediately.

Qayuum Reza Chowdhuary, President of BGBA and a number of officials were present.