Dhaka, Bangladesh (BBN)- Swedish fashion chain H&M is going to pursue an aggressive approach to buy more apparel products from Bangladesh.
“We’ve aggressive growth plan [for Bangladesh],” H&M Senior Executive Johan Stellansson told a workshop on multi-stakeholder engagement on water resources management in the capital Dhaka on Wednesday.
He also said Bangladesh needs aggressive implementation plan, if the country wants to export $50 billion worth of readymade garment products by 2021. Private sector operators like H&M will play a facilitating role in this regard.
Later, Worldwide Fund for Nature official Laila Petrie made a presentation on behalf of H&M.
Earlier in October last year, H&M CEO Karl-Johan Persson said: “Bangladesh is an important buying market for H&M and we are committed to grow our business there.”
Currently, the H&M group is purchasing woven garments, knitwear items, home textiles, underwear and trousers from more than 250 factories in Bangladesh.
The total number of H&M’s stores amounted to 3,551 on 28 February 2015 across the world versus 3,192 on 28 February 2014.
BBN/SSR/AD-19Mar15-10:14 am (BST)