The investment in technology is at a nascent stage in Bangladesh garment industry, speakers at a seminar said that investment in technology is essential for achieving 50 billion US Dollar export target by 2021. The seminar was organised by ThreadSol, an innovative apparel software solutions provider, in partnership with Independent TV, a leading private television channel.
Garment exports fetched 28 billion US Dollar for Bangladesh last year. The aim of the seminar ‘Bastra Shilper Adhunikayan (Modernisation of Apparel Industry)’ was to iron out a solution for earning the additional 22 billion US Dollar from garment exports in next five years.
Representatives of readymade garment industry, government, financial institutions, think tanks and IT officials discussed the various steps that need to be taken to realise the target. Globalisation is forcing textile manufacturers to use technology that improves productivity through process improvement, product innovation and new worker skills, while helping to serve the customer more efficiently, they said.
“The company has developed intelloCut to give manufacturers the edge to reduce their material wastage by using the effective concepts of fabric utilisation and streamlining cutting room processes, while at the same time boosting profits by up to 60 per cent,” Mansij Ganguli, CEO of ThreadSol said.
