
DESPITE a remarkable advancement in the industrial sector, with its contribution now standing at more than a third of the gross domestic product, it has failed to diversify export-oriented industries, products and markets. A lack of comprehensive and consistent policies and the failure to effectively implement the few that are there are said to have led to such a state. An excessive reliance on apparel and fewer major export destinations and a lack of diversification have increasingly exposed the economy to risks, evident in the perceived apprehension about the consequences of the fresh tariff the United States, a major destination of apparel — imposed on goods export from Bangladesh. As a part of the