RMG sector of Bangladesh is projected to reach $50 billion by 2021
Well Group is a group of 15 companies with fifteen thousand employees. The readymade garments unit of Well Group is one of the largest exporters in Bangladesh's RMG sector. Syed Nurul Islam, Chairman & CEO of Well Group, speaks to Fibre2Fashion about Bangladesh's growing RMG sector and the big role it is playing in the country's socio-economic growth.
What is the market size of readymade garments in Bangladesh? What is the projection for the next 2 years?
How important is the RMG sector in Bangladesh both economically and socially? How many people does the sector employ today?
Give us a background about when you started with your garments business and how has it progressed through the years.
Where are your production units based at? Where do you source the raw materials from?
What is your production capacity per month and annually? Please bifurcate in terms of woven and knit products?
Who are your major customers in and out of Bangladesh? Which markets do you cater to?
What kind of innovations are you trying to bring into your garment business?
The world today is focussed on sustainable garments. How are you achieving your sustainability goals?
What kind of challenges the RMG sector is facing in Bangladesh?
According to you, what are the major issues brands should focus on to strengthen the RMG sector of Bangladesh?
Has the US-China trade war has had any big impact on the country's RMG sector?
What is the revenue recorded by your garment business for the last fiscal? What growth are you expecting in current fiscal?
What are the 3 key government policies that have helped units like yours achieve size and scale?
What are the challenges that you face despite government support to the industry?
What are your future plans?
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.