Presided over by BGMEA president Faruque Hassan, BGMEA vice president Shahidullah Azim, vice president Miran Ali, director Asif Ashraf, BKMEA executive president Mohammad Hatem, vice president Fazlee Shamim Ehsan, vice president Md Akhter Hossain Apurbo, and director Imran Kader Turjo attended the meeting.

The 15-member committee headed by BKMEA Vice President Fazlee Shamim Ehsan will conduct thorough analysis of the manufacturing cost, cost of inputs and the export price of the finished goods.

The Committee will endeavour to find empirical facts by consulting with wider stakeholders including yarn, fabric, dying, processing, embroidery and accessories manufacturers to understand associated costs and their dynamics including the lead-time and its impact on the overall cost of making a garment.

The exercise will also include approaches like analysis of product specific Standard Minute Value (SMV) along with production processes and techniques, efficiency and other relevant factors in determining minimum price and manufacturing cost of RMG products.

The overall objective is to draw a comprehensive and complex picture of the aggregate manufacturing cost of major garment items and their minimum price justification.

The Committee is expected to submit a detailed report to the Boards of the respective associations within the next three months.

The move aims to ensure ethical price from international retailers and brands, and brings an end to unhealthy price competition locally.

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