Planning minister AHM Mustafa Kamal has suggested establishment of a specialised bank for the readymade garment (RMG) sector on the lines of Krishi Bank. The minister said he would try his best to set up a designated bank for the country's garment sector while participating in a discussion on financing apparel growth last week in Chittagong. Kamal said achieving the $50 billion export target by 2021 by the garment industry is possible but difficult. Setting up a specialised bank for the garment sector would ensure low-cost financing and attract more...

The Bangladesh government and the readymade garment exporters need to start necessary groundwork for availing the GSP plus benefit in the EU market as the country would lose generalised system of preferences in the market once it achieves middle-income country status. This was the message from member of the European Parliament Sajjad Karim. ‘Bangladesh garment industry needs a move from GSP to GSP plus and it is essential that we start the groundwork now,’ the visiting European Parliament member told mediapersons after a meeting with the Ba...