At the Bangladesh Business Summit 2023, business leaders in the apparel and textile sectors called for fair and ethical prices for their products sourced by international buyers and brands.

They emphasized that Bangladesh has significantly improved in terms of quality, product diversity, and compliance compared to competing countries, but buyers still pay lower than the global average to garment suppliers in Bangladesh. The leaders demanded that buyers prioritize fair product prices and ensure sustainable growth in the industry by collaborating with all stakeholders, including suppliers and the government.

Despite achieving international standards in working environment, fire safety, and building safety, Textile and Jute Minister Golam Dastagir Gazi acknowledged the challenges the industry faces due to the Covid-19 pandemic, global political instability, and inflation. He emphasized the continuous growth in demand for yarn and fabric, buoyed by Bangladesh's garment exports.

The leaders concluded that sustainability and continuous improvement of the garment industry in Bangladesh require a concerted effort from all stakeholders, and by addressing its challenges, the industry can become more competitive, profitable, and sustainable.