Bangladesh is building garment villages to double clothing exports.
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The rapid growth of Bangladesh’s garment industry has been a blessing and a burden to the country. Even as it has provided jobs to millions and helped Bangladesh cut its poverty rate, it has also exploited the nation’s poorest and most desperate, leading to the gratuitous and preventable deaths of thousands.
So invaluable is the industry to Bangladesh that the country is doubling down on the business, despite the repercussions. Already the world’s second largest exporter of clothing by some estimates, Bangladesh intends to double its apparel exports to $50 billion by 2021.
The country’s commerce minister, Tofail Ahmed, announced the plan last week, including the creation of a “garment village” in the southeastern port city of Chittagong — a major export hub — to help the country hit its goal. That village follows on one already under construction in the city of Bausia, being funded by a state-owned Chinese firm. The Bausia village is expected to house more than 200 factories and contribute up to $5 billion in export value. Read More … [/su_column] [/su_row]