Apparel Online Bangladesh Magazine January Issue 2019 | Seite 24

POLICIES & PERSPECTIVES - 2018 << Branding < < >> Branding Bangladesh – Target next for the Industry November 2018 When it comes to Bangladesh, the vibrant readymade garment sector of the country – the second biggest apparel exporter globally and the biggest foreign currency earner that not only provides employment to lakhs of people but is also the principal driver of the country’s economy – seems to be somewhat lacking in creating a distinctive identity for itself. So, what’s the industry’s take on this very important issue of branding Bangladesh for business growth? “Our industry now boasts of the second highest number of green factories globally besides the numerous state-of-the- art and compliant units. In the last five years or so, a lot has changed. After the tragic Rana Plaza incident, retailers were not keen to source from Bangladesh but the country did a miraculous turnaround to emerge as one of the favourite sourcing destinations for all the prominent global brands and retailers. Today we have the best of the factories, strongest possible backward linkages and abundant availability of manpower. Despite these advantages, we have not been able to hold before the global community the right image of the sector. In spite of all these improvements that we have achieved through hard work and investment, we are still forced to play the card of low-cost manufacturing destination to bag orders...,” rued Atiqul Islam, Former President, BGMEA and MD, Islam Garments. “At individual level, some companies have successfully built their brand images and are also reaping its benefits but the country as a whole is still lacking in building a strong image and projecting itself in the right perspective. We have been partially successful in changing the mindset of people that Bangladesh is no longer an impoverished and disaster-prone nation. Having done that, I think the time has come to take the next step and build a positive image of the country as a manufacturing powerhouse which can do any product no matter how complicated…,” suggested Mahmud Hasan Khan (Babu), Managing Director, Rising Group and Vice President, BGMEA. “We have upgraded our manufacturing units both in terms of remediation, technology and manufacturing practices as per the buyers’ requirements but when it comes to pricing, it is still the same old story; we aren’t getting the just prices…,” complained Inamul Haq Khan (Bablu), Managing Director, Ananta Companies & Director, BGMEA. 24 Apparel Online Bangladesh | January 2019 | www.apparelresources.com