Establishing a Virtual Marketplace Platform for the Apparel Sector

As the Ready-Made Garments (RMG) sector in Bangladesh aims to strengthen its position in the global market, digital transformation emerges as a pivotal enabler. However, the existing regulatory periphery, particularly pertaining to international trade and transactions, poses compatibility challenges for the Bangladeshi apparel industry to access the burgeoning online market.

In response, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has commissioned LightCastle Partners to conduct a comprehensive feasibility assessment, delving into the necessary policy reformations, market potential, and the sector’s readiness for such a transformation.

The outcome aims to suggest a business model and an action plan, outlining the requisite strategies for the successful implementation of the platform.

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BGMEA Report Virtual Marketplace Platform

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WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

For further clarifications, contact here: [email protected]

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