According to the Bangladesh commerce minister, the country will be able to export $100 billion worth of garment items by 2024 as the international apparel retailers are placing an increasing number of work orders. The country, by 2021, will export garments worth $50 billion.
According to data from the Export Promotion Bureau, the country’s garment shipments, last fiscal year, fetched $30.61 billion. It is now in the second position in garment exports globally after China. However, for expansion, entrepreneurs need bank loans at lower interest rate. The government has been developing 100 special economic zones across the country. The local and foreign investors are allowed to invest in them and contribute to export receipts.
