From January 2022 to September 2022 Bangladesh’s exports of garments to Europe grew by 43 percent.

Amid a lingering fear of global economic slowdown and galloping inflation, this robust export growth to the European market is like a breath of fresh air.

Bangladesh apparel manufacturers’ huge investment in developing product quality, environmental sustainability and workplace safety is paying off. Today Bangladesh’s readymade garment sector is considered a leader in green manufacturing, having the highest number of green factories in the world thanks to an unprecedented progress in environmental sustainability and workplace safety. It has brightened the country’s image globally, and as a result export orders are pouring in despite uncertainties in the global market.The entrepreneurs’ firm commitment to upgrade their manufacturing practices and comply with various rules and regulations of international trade as well as adequate public policy support have been at the root of gradual and steady growth of the garment sector.

Diversification has taken place in terms of new destinations and new products. There has been tax and vat support to the sector. The policy support in terms of wage support and low cost funding support with sufficient interest rate subsidies to the sector for its speedy recovery from the pandemic challenges have been crucial in holding this industry in one piece.