At present global RMG market value is around 1000 billion USD. By exporting about 165 billion USD China is in top rank now. As you know, Bangladesh is holding 2nd position by exporting RMG products of 48 billion USD.

Alhamdulillah. We Bangladeshi are so grateful to almighty Allah. We have received following valuable gifts from Almighty Allah: –                             

1. Workforce:

Here in Bangladesh, there is abundant and cost-effective workforce.

• Position in world map:

Our mother land is at very favorable position in the world map having suitable sea ports & Bay of Bengal.                        

• Availability of raw materials:

Here necessary raw materials can be arranged from domestic sources & neighbor countries easily.  

Moreover, the highest number of LEED certified Green Factory is in Bangladesh. Beside this, there are a lot of fully compliance and semi compliance factories (around 8000) with many lacs skilled & trained employees. Despite of above-mentioned special & rare facilities we have captured only 11% of total RMG market. So, we have vast opportunity to expand our export business largely onward.     

• Actually, assigned so called in charges of our country do focus to take merely the taste of the cream of RMG business. But none of us think of making Merchandisers. A Merchandiser is a shadow of business owner in a word. He is the highest responsible personnel & the most important decision maker of the industry.  Around 84% export earning comes through RMG Sector. Factory managements want more and more RMG export orders for feeding of their production lines.          
• Kindly be noted clearly, only merchandiser can bring export orders from overseas customers. Each year Bangladesh needs a lot of merchandisers. Overseas buyers also need more and more high salaried brilliant merchandisers for taking care of their RMG programs. But sorry to say that there is no public university in Bangladesh which can teach & create Merchandisers. So, we are requesting University Grant Commission to include the subject “Merchandising” in IBA of DU, JU, RU etc. From so called private universities we are not getting knowledgeable freshers.

So same time we (group of experience merchandisers & buying house owners) are trying to build up a specialized university named BARC Business University (BBU). It will try to create international standard Merchandiser.

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“As Bangladesh prepares for its next phase of development, which will be knowledge-based and heavily reliant on industrial growth, the demand for graduates with market-oriented knowledge and adequate skills is rising,” he said while addressing an orientation event organized by the BGMEA University of Fashion and Technology (BUFT) for incoming students at its campus in Dhaka on March 24.

A. K. Azad MP, Managing Director of Ha-Meem Group and Professor Dr. S. M. Mahfuzur Rahman, Vice Chancellor of BUFT, also spoke at the event which was chaired by Md. Shafiul Islam Mohiuddin, Chairman of the Board of Trustees of BUFT.

In his speech, Faruque Hassan stressed the importance of bridging the gap between classroom education and real-world performance, emphasizing the value of practical experiences, internships, and interactions with professionals in students’ respective fields of interest.

He invited students to explore BGMEA Complex, where they can witness firsthand the organization’s initiatives in research and development, circularity, sustainability, market promotion, and design development, all aimed at advancing the ready-made garment industry.

At the program, Faruque Hassan handed over a donation of 50-lac taka to BUFT for the Shafiuddin-Tosrifa BUFT Scholarship.

Named after his parents, Shafi Uddin Ahmed and Tosrifa Khatoon, the scholarship aims to support meritorious students facing financial challenges in pursuing their educational aspirations and excellence. A. K. Azad MP, Managing Director of Ha-Meem Group, contributed 25-lac taka to the scholarship which will be used to nurture talent and foster educational excellence.

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Addressing a program organized by the Ministry of Finance under the Skills for Employment Investment Program (SEIP) at Hotel Intercontinental in Dhaka on December 26, he underscored the need for continuous adaptation to changes happening amid global trends such as automation, climate action, and digitalization.

He highlighted the significance of aligning the skills of the workforce with the dynamic demands of both domestic and international markets.

He also pointed to the rapid transformations in technology, climate change, and socio-economic shifts that impact labor market trends, saying strengthening skills development is essential for Bangladesh to enhance its resilience to changes in the job market.

Governor of Bangladesh Bank Abdur Rouf Talukder spoke at the function as chief guest with Finance Division Secretary and National Project Director of SEIP Dr Md Khairuzzaman Mozumder in the chair.

BGMEA President Faruque Hassan praised the Skills for Employment Investment Program for its pivotal role in creating a skilled workforce, particularly in the readymade garment industry.

Around 8 lakh skilled manpower has been created under the program since its inception in 2014.

Mentioning the influence of technological advancements on the industry, he stressed on the increasing necessity of skilling, reskilling, and upskilling to cope with these changes.

The BGMEA President urged for continued investments in skills development to harness the potential of the young population and contribute to economic growth.

The program was also addressed by Jiangbo Ning, Deputy Country Director, ADB-BRM; Md. Shahriar Kader Siddiky, Secretary, Economic Relations Division; Satyajit Karmaker, Secretary, Planning Division; Dr. Ahmed Munirus Saleheen, Senior Secretary, Ministry of Expatriates’ Welfare & Overseas Employment.

Additional Secretary and Executive Project Director of SEIP Fatema Rahim Veena made the welcome remarks, highlighting the success and achievements of the SEIP project.

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