Bangladesh Garment Manufacturers and Exporters Association (BGMEA) gave a presentation at a discussion on ‘RMG Industry: Green Growth’. Representatives from the International Labour Organisation, International Finance cooperation, buyers, economists and government officials attended the discussion. It was highlighted that global brands and buyers are gradually offering lower prices for readymade garment products to Bangladeshi factories although the number of green factories has increased considerably in the country in the last few years.
BGMEA president Rubana Huq said although buyers were not giving additional prices for products, the entrepreneurs were investing additional money to make their units green to create sustainable businesses. She also said government policy and incentive, buyers’ demand, consumer behaviour and availability of technology are the key factors that can enable the industry to become green.
Speakers emphasised on the development of a national standard for green industry and adoption of a comprehensive policy to support the industry. They also said that adoption of green technology was a must for sustainable economic growth and Bangladesh needs home-grown solutions to face the challenges faced in building a green industry.
Speakers said that it was easy for large-scale factories to arrange green funds but medium- and small-scale factories were not getting access to finance. They suggested that the government and its development partners should introduce guarantee schemes for the SMEs so that they could go green.