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BD RMG industry can be a role model for Africa

Historically, the path to wealth for nations has run through manufacturing. Manufacturing gives you a way to quickly move a lot of people from low-productivity farming to higher-productivity jobs without requiring that they pick up lots of new skills first. And the garment industry fits the bill admirably; it does not not require lots of expensive infrastructure or a skilled population that can supply and maintain fancy machines, and it does use lots of low-skilled labor. Once you get people through the factory gates, their higher productivity and earnings will support improvements in infrastructure, education and services, that can fuel further growth. Eventually, one hopes that your country will get too rich to support much garment manufacturing, because workers will be able to comman...

PRAN-RFL CEO passes away

The Chief Executive Officer (CEO) of PRAN-RFL Group, Major General (Retd.) Amjad Khan Chowdhury passed away today. He was 75. He had been suffering from cardiac ailments and diabetes since a long time and was admitted to Duke Medical of North Carolina, USA for treatment, said Kamruzzaman Kamal, the group’s director of marketing. PRA_RFL CEOAmjad Khan, who first took Bangladeshi brand abroad successfully and pioneered in establishing food processing in the country, was born in Natore in 1940. He was educated at Dhaka and graduated from Pakista...