It aims at cultivating ethical and responsible operations, and expects to employ 1.2-1.6 million workers in the next decade, growing to a $15-billion industry.
The country’s garment industry is estimated to be worth about $5 billion this year.
The strategic plan aims at creating a collaborative and innovative industrial environment for the country’s garment sector to achieve long-term success by addressing current challenges.
It also includes a robust strategy to address key areas, including stakeholder networking and financial resources, developing a workforce for economic growth anticipated in the decade, training, upgrading technology and strengthening infrastructure, a domestic media outlet reported.
The country’s garment sector earned $4.46 billion in export revenue last year—down by about $750 million year on year.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
