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Vision 2021: Mission US $ 50 billion seems (im)possible?

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Apparel Online Bangladesh August, 2016

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All eyes are on 2021, the year when Bangladesh will celebrate the golden jubilee of its independence and the year earmarked to achieve a target of US $ 50 billion export earnings from garment. The figure, though appears overwhelming, is not impossible to reach! Going by earnings of around US $ 1200 way back in 1978, the country emerged as the second largest exporter of RMG globally, second only to China. It made RMG export of US $ 26 billion in 2015 making an average year-on-year growth of 13.05 per cent between 1996 and 2015 which helped Bangladesh account for 5 per cent share in the US $ 450 billion global garment market and well-positioned to reach the magical mark…

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Source: Apparel Online Bangladesh August, 2016
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