The RMG industry is the lifeblood of Bangladesh’s economy, contributing significantly to the country’s growth and employment and has remained the single largest export earner by a wide margin for decades.
Over the years, the industry has evolved into a major global player, but it is important to note the rapid changes that are occurring and for the industry to remain on pace.
To that end, we agree with all the industry experts who note that the industry needs to adopt a sustainable and innovative business model to keep up with the changing global trends. As we look towards the future, it is high time for the RMG sector to undergo a transformative shift towards sustainability, while also striking a balance between economic growth and ethical responsibility.
Collaboration is key to achieving sustainability goals. Brands and retailers that source from Bangladesh must adopt a more transparent approach; while there has been demand for higher standards, they must do their part, not just by offering fairer prices, but assisting Bangladesh with upskilling its workers.
Equally important is the government’s role in creating a conducive regulatory framework that promotes sustainability and enforces compliance, while also creating an environment where workers find themselves updating their skills.
Embracing innovation and technology is instrumental in achieving sustainable development in the RMG sector. From adopting automation to reducing waste through data-driven production, leveraging cutting-edge technology will not only enhance efficiency but also minimize the industry’s environmental impacts.
Bangladesh’s RMG industry stands at a crucial juncture where it must embrace sustainability as a guiding principle. Only through collective efforts and a unified commitment to sustainability can the RMG industry continue to shine as a beacon of progress for Bangladesh.
Source: Dhaka Tribune.