Bangladesh can increase garment exports to $100 billion by 2030 and account for 12 percent of the global trade through market diversification, innovation and technological and skills development, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association.

"We have proven our capability globally becoming the second largest apparel manufacturer with an about 8 percent market share and retaining our position since 2010," he said.

He made this comment at a seminar titled, "Supply Chain Reconfiguration and Structured Trade Finance for the apparel industry", organised by HSBC Bank Bangladesh at The Westin Dhaka on Tuesday.

HSBC can play a pivotal role in introducing innovative solutions and creating awareness among Bangladeshi apparel exporters in view of changing market dynamics, Hassan added.

Md Mahbub ur Rahman, chief executive officer of HSBC Bangladesh, said HSBC was grateful to the Bangladesh apparel industry for putting the trust in them as a partner in the sector's growth.

"Leveraging our international connectivity and expertise in structured trade solutions, we will continue to support the evolving needs of the industry in a rapidly changing global supply chain landscape," he said.

Stuart Rogers, regional head of international markets, commercial banking for Asia-Pacific, HSBC, said HSBC was one of the leading trade finance providers in Bangladesh, catering for approximately 10 percent of the country's trade volume.