Explore new mkts abroad, Tofail urges RMG owners

Commerce Minister Tofail Ahmed on Thursday said the government will take initiatives to establish a readymade garment (RMG) industrial park in the port city. Addressing the inauguration of the three-day Chittagong Apparel, Fabrics and Accessories Exposition 2014, the minister noted that most of the export-import in the country’s RMG sector is done through Chittagong sea port, and steps should be taken to build Chittagong as a major location for RMG manufacturing considering the comparative advantage. The Expo was organised by Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the Gymnasium adjacent to the MA Aziz Stadium. Tofail Ahmed advised the RMG owners to explore and create new markets abroad for their products, that would allow them to reduce their dependency on the European and US markets, according to a news agency.