Bangladesh needs to undergo a “major change” from its dependency on dwindling domestic natural gas to various sources of energies including liquefied petroleum gas (LPG) and renewable energy, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Speaking at a meeting in Dhaka last week, BGMEA vice president (finance) Mohammed Nasir said energy is an “absolute prerequisite” to tap the potentials of the country’s industrial sector, especially in its ready-made garment (RMG) industry as more development requires more energy.
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The apparel sector is Bangladesh’s largest export, dominating the country’s economy for over 30 years, making it the second largest garment producing country in the world.
Nasir added that the government must draw a clear plan for energy supply for each industry to provide clarity for investors.
Held on Friday (25 November), the roundtable meeting was designed to discuss both the opportunities and challenges of switching to LPG as a means of catering to the growing demand of energy in the country.
Md. Tajul Islam, MP, Chairman of the Standing Committee on Ministry of Power, Energy and Mineral Resources attended the roundtable discussion as the chief guest.
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