一 | By Mir Afroz Zaman
Dhaka, Oct 16 (UNI) Bangladesh and India do not compete with each other in the international market for export in the garment sector but complement each other, said Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Addressing media in Dhaka on Sunday, to announce the holding of the first ever branding event for apparel sector named ‘Made in Bangladesh Week’ between November 12-18, Faruque Hassan said exports from Bangladesh to other countries also boosts export from India as many of the inputs are sourced from India.
Faruque Hassan said the export of Ready Made Garments (RMG) showed almost 99 percent growth in the first two months of the current financial year in July and August. He said the RMG sector export to India is likely to cross USD 1 billion in the current financial year compared to USD 764 million last year. The BGMEA President said it is a win-win situation for both the countries as they cooperate in design development and value addition. He announced that BGMEA will soon take up events to promote ‘Brand Bangladesh’ for the apparel sector in India.
Faruque Hassan announced that during the ‘Made in Bangladesh Week’ next month, the apparel Industry of the country will showcase the groundbreaking innovations and compliance and sustainable developments of the RMG sector in the world market. The week-long event will showcase 17 physical events comprising summits, expositions, Photo-exhibition, conferences, fashion innovation among other events. The event is planned to be inaugurated by Prime Minister Sheikh Hasina on November 13.
Outlining the challenges for the RMG sector post 2026 when Bangladesh graduates from the LDC status, Faruque Hassan said it has initiated dialogues with major buyers like the European Union, Australia, UK and others to continue the preferential treatment for Bangladesh RMG products beyond 2026. Also, Bangladesh is diversifying its export basket into emerging markets whose share in total RMG sector export has gone up from 6.8 percent in 2009 to over 17 percent in the current financial year.
Bangladesh has also been working to diversify from natural yarns to synthetic yarns and its product basket from basic 5 RMG products which constitutes 82 percent of all its exports to more fashion oriented products. Bangladesh is also exploring the possibility of online sale of RMG products internationally in line with similar other ventures in the world. BGMEA President said Bangladesh is confident to achieve the export goal of USD 100 billion by the year 2030.
The Ready Made Garment export from Bangladesh was USD 42.6 billion in the year 2021-22. The exports from the RMG and textile sector contribute over 87 percent of the total exports from Bangladesh. Close to 10 million families are employed directly or indirectly in the RMG sector out of which 60 per cent are women.
UNI MAZ SY SHK1927。 After a slew of blockbusters like Master, Vikram and Leo, Logesh Kanagaraj became one of the hotshot filmmakers in the South. He was supposed to direct a Telugu superstar from a mass entertainer, but that was delayed. The filmmaker’s recent release Coolie, starring superstar Rajinikanth did not do well at the box office. But that did not deter his chances of collaborating with a top star in Tollywood.
Logesh to direct a Telugu film
Recently, it was widely speculated that Logesh Kanagaraj will direct Pawan Kalyan in a straight Telugu film. While the reports excited the fans for a brief time, the buzz died down quickly given Pawan’s political commitments. Pawan had already told OG director Sujeeth to develop a prequel to the gangster drama, and as a result of this, many believed that the film with Logesh may not happen. But according to the latest buzz, the filmmaker has reportedly approached Allu Arjun. Apparently, the director was spotted making multiple visits to the Pushpa star’s office in Hyderabad. This led to conjecture that Logesh may collaborate with Allu Arjun. Although the reports are yet to be confirmed, the reports have certainly excited fans of Allu Arjun. Fans have already started the guessing game, dropping hints like “Pushpa-style mass,” “pan-Indian hero” on social media. But a better picture is likely to emerge shortly and we’ll get to know who Logesh is collaborating with.
Logesh is keeping fingers crossed
Allu Arjun is presently shooting for director Atlee’s film in a specially built VFX studio in Mumbai. Pawan Kalyan recently wrapped up shooting for Ustaad bhagat Singh; he hasn’t taken up any film as of now. On the other hand, Logesh too hasn’t taken up any directorial venture after Coolie. He wanted to direct a star hero and is presently keeping fingers crossed as to how things unfold.Also Read: Allu Arjun, Ram Charan, Pawan Kalyan Bond at Kanakaratanam’s Prayer Meet。
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