Beyond the RMG: Diversifying Bangladesh’s Export Basket Through Green Industrial Parks and Technology-Driven Sustainable Manufacturing in Emerging Sectors
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Abstract
Bangladesh's economy has long been dependent on the Ready-Made Garment (RMG) sector, but diversification is critical for sustainable growth. This study examines how green industrial parks and technology-driven sustainable manufacturing can expand Bangladesh’s export basket, leveraging data from 2000–2023. The study applies the Export Diversification & Sustainable Manufacturing in Bangladesh Dataset to monitor RMG and non-RMG exports, green industrialization measures inclusive of renewable energy capacity and ISO 14001 certifications as well as the automation index CO₂ reduction technology. Sectoral changes along with policy impacts are assessed through regression and trend analysis. Non-RMG exports grew 4,480%, led by pharmaceuticals, ICT, and agro-processing. Green industrial parks (180 by 2023) and automation (138 index score) drove 43.5% CO₂ reduction per unit output. Policy incentives, such as tax breaks and Industry 4.0 funding, accelerated diversification.
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Publication Details
- Type of Publication:
- Conference Name: International Conference on Economics, Business and Technology Management (ICEBTM 2025)
- Date of Conference: 14/11/2025 - 14/11/2025
- Venue: The Westin Dhaka
- Organizer: School of Business and Entrepreneurship, Independent University, Bangladesh (IUB)