Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) on Wednesday announced a record export earning of $7.45 billion in the 2024-25 fiscal year, with around $1 billion coming from direct exports, reports UNB.
The figures were unveiled at the inaugural ceremony of the 15th GAPEXPO which opened at the International Convention City Bashundhara (ICCB) in the capital.
The four-day trade show will run until January 17.
BNP Standing Committee Member Amir Khosru Mahmud Chowdhury, National Board of Revenue (NBR) Chairman Abdur Rahman Khan, BGMEA Acting President Selim Rahman, BKMEA President Mohammad Hatem and Bangladesh Association of Banks (BAB) Chairman Abdul Hai Sarker, among others, attended the opening ceremony.
Industry leaders said the accessories and packaging sector has become a backbone of the country’s primary export earner, the ready-made garment (RMG) industry.
They noted that the sector currently employs more than 700,000 people and that BGAPMEA now represents over 2,000 member factories.
Association officials said Bangladesh has made major progress in import substitution.
Bd-pratidin English/TR
