How manufacturing sector can boost GDP contribution to 20pc

Bidco Africa factory in Ruiru, Kiambu County. FILE PHOTO | NMG

There is a story of a very small country called Bangladesh. In 2015, the country was exporting $25 billion of garments and apparel to the world and they had the plan to double the exports to $50 billion.

Last year, they hit their target of $50 billion, four years in advance, offering 4.2 million jobs. Their manufacturing contribution in 2015 was 16 percent of their gross domestic product (GDP) and today it’s 22 percent.

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Note: The results are not exact but very close to the actual.