CHITTAGONG, Aug 6: Tofail Ahmed, Commerce Minister MP said, an industrial park for readymade garment (RMG) would gradually be set up in Chittagong to invite more investment.
He also said, the country's largest readymade garment (RMG) industrial park in Munshiganj is expected to be completed within next three years.
A Memorandum of Understanding (MoU) have already been inked between Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and China's Orient International holding company to set up the RMG industrial park at a cost of US$ 2.3 billion at Bawsiya in Munshiganj district, he added.
He also urged upon the local and foreign investors to invest in the two Economic Zones located at Mirsarai and Anowara upazilas in Chittagong.
The Minister declared this while inaugurating the three-day Bangladesh Apparel and Safety Exposition (BASEXPO-2015) as chief guest at Hotel Radisson Blue Chittagong Thursday noon.
Achieving the vision of $50 billion of RMG export by 2021, BGMEA has organised a three-day apparel safety and exhibition in order to present the readymade garments sector of Bangladesh to the foreign buyers.
"Out of 3081 factories inspected by the foreign and local experts, 3047 factories in the country have been found safe to be operated while only 34 units were found to be vulnerable", the minister said.
"Under the leadership of the Prime Minister (PM) Sheikh Hasina," Tofail said, "The government has successfully eliminated child labour in the RMG industries and there is not a single child labourer at any industry."
Recently World Bank declared Bangladesh as a lower-middle income country and our PM aims to turn it into a middle income country within next three years, he added.
Terming Bangladesh as a 'country of heroes', he also expressed his hope that Bangladesh would be able to achieve its vision of achieving US$ 50 billion export by 2021, the year of the golden jubilee of Independence of Bangladesh.
US Ambassador to Bangladesh Marcia Stephens Bloom Bernicat said, "Through ensuring workers' right and safety in every industry, US and other governments along with the brands are playing a significant role to strengthen the RMG sector of Bangladesh."
"Together with BGMEA, the other international partners and the brands, I am confident about building a better and more productive RMG sector and demonstrating to the world that business success goes hand-in-hand with workers' rights and safety," she added.
Presided over by BGMEA President M Atiqul Islam, the function was also addressed by AJM Nasir Uddin, Mayor of Chittagong City Corporation, Member of the European Parliament and chair of the European Parliament for Trade and Monitoring Group for South Asia Sajjad Karim, Ambassador & the head of delegation of the European to Bangladesh Pierre Mayaudon, and High Commissioner of Canada to Bangladesh Benoit-Pierre LaraMee and Nasir Uddin Ahmed Chowdhury, first vice president of BGMEA.