Govt sets target to export $50b RMG in FY '21

The government has set a target of exporting $50 billion readymade garment (RMG) in 2020-21 fiscal year (FY '21), Secretary of Ministry of Textiles and Jute Lokman Hossain Mia said at a press conference in the capital on Tuesday, reports BSS.

He said the $50 billion RMG export target has been set in line with the government's commitment to enhance earnings from this sector which is also manifested in the ruling party's election manifesto.

He made the revealation at the press conference on the 'National Textile Day 2020 and Multipurpose Textile Fair' which will begin in the city on Thursday, at the Secretariat in the morning.

Prime Minister Sheikh Hasina is expected to inaugurate the three-day 'Multipurpose Textile Fair' as the chief guest on Thursdasy at Bangabandhu International Conference Centre.

Commerce Minister Tipu Munshi, State Minister for Labour and Employment Monnujan Sufian and Chairman of the Parliamentary Standing Committee on Jute and Textile Ministry Mirza Azam will also be present at the inauguration of the fair as special guests.