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Rmg sector and it's Socio-Economic impact in Bangladesh

Ready Made Garments' Socio-Economic impact in Bangladesh

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RMG SECTOR & IT’S
SOCIO-ECONOMIC
IMPACT IN
BANGLADESH
PRESENTED BY
Mahbub Alam Rabbe
“There must be a reason to dirt
a fine white cloth with print.
Armi Ratia
Founder, Marimekko Oy (Finland)
33
OUTLINE
4
Introduction
Contribution of RMG Sector In Economy
Economic Growth Analysis of RMG Sector Present & Past
Social Impacts of The RMG Sector
Looking Into The Future
Conclusion
Introduction
“RMG” a.k.a Ready Made Garments
6
Ready-made garments are mass-
produced finished textile products of
the clothing industry. They are not
custom tailored according to
measurements, but rather
generalized according to
anthropometric studies. They
are made from many different fabrics
and yarns.

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Rmg sector and it's Socio-Economic impact in Bangladesh

  • 1. RMG SECTOR & IT’S SOCIO-ECONOMIC IMPACT IN BANGLADESH
  • 3. “There must be a reason to dirt a fine white cloth with print. Armi Ratia Founder, Marimekko Oy (Finland) 33
  • 4. OUTLINE 4 Introduction Contribution of RMG Sector In Economy Economic Growth Analysis of RMG Sector Present & Past Social Impacts of The RMG Sector Looking Into The Future Conclusion
  • 6. “RMG” a.k.a Ready Made Garments 6 Ready-made garments are mass- produced finished textile products of the clothing industry. They are not custom tailored according to measurements, but rather generalized according to anthropometric studies. They are made from many different fabrics and yarns.
  • 7. RMG Sector Of Bangladesh 7 The Ready Made Garments Industry Acts As A Catalyst For The Development Of Bangladesh The Sector Accounts For 81% Of Total Earning Exports Of The Country
  • 9. GDP Growth By Sector 9 Industry is the most crucial component in GDP growth of Bangladesh
  • 10. Bangladesh’s RMG Export in GDP 10 Major Export Products In Bangladesh & Their Contribution In GDP 75.65 4.22 2.6 1.77 1.21 0.72 0.06 11.56 RMG Frozen Food Jute Goods Chemical Products Raw Jute Agri Products Tea Others
  • 11. Export Of RMG & Total Export Of Bangladesh 11 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 EXPORT OF RMG (IN MILLION US$) 9211.23 10699.8 12347.77 12496.72 17914.46 19089.69 21515.73 TOTAL EXPORT OF BANGLADESH (IN MILLION US$) 12177.86 14110.8 15565.19 16204.65 22924.38 24287.66 27018.26 0 5000 10000 15000 20000 25000 30000 Value Comparative Statement on Export Of RMG And Total Export Of Bangladesh
  • 12. Contribution To National Economy 12  The sector contributes 38% industrial value addition.  Earns around 78% of total export earnings.  Employs around 4.5 million workforce of which majority is women  Generates huge cliental base for Banking, Insurance, Shipping,  Transport, Hotel, Cosmetics, Toiletries and related other economic activities.  Provides indirect employment to 0.80 million workforces in accessories industries related to garments.  Provides 0.2 million job to waste recycle industry related to RMG sub- sector.  Contributes 10.50% to GDP through RMG sub-sector.
  • 13. Economic Growth Analysis of RMG Sector : Present & Past
  • 14. Value & Quantity Of Total Apparel Export Fiscal Year Basis 14 9211.23 10699.8 12347.77 12496.72 17914.46 19089.73 21515.73 0 5000 10000 15000 20000 25000 TOTAL APPAREL EXPORT IN MN.US$ WOVEN TOTAL APPAREL EXPORT IN MN.US$ KNIT TOTAL APPAREL EXPORT IN MN.US$ TOTAL Total Apparel Export In Million Dollars Source: Data Source Export Promotion Bureau ; Compiled By BGMEA
  • 15. Bangladesh’s RMG Export To World 15 0 10 20 30 40 50 60 70 80 2010- 11 2011- 12 2012- 13 2010- 11 2011- 12 2012- 13 2010- 11 2011- 12 2012- 13 Woven Knit Total EU % of World 42.81 46.31 46.87 72.87 73.04 70.55 58.72 59.59 58.4 % of USA 41.58 36.61 35.02 11.8 10.69 10.8 25.82 23.73 23.22 % of Canada 5.48 4.93 4.69 4.57 4.24 4.41 4.99 4.58 4.56 Growthinworld EXPORT growth to the World
  • 17. Social Impacts Of RMG Sector 17 Women Empowerme nt Savings Child Labor Population Control Employment
  • 18. Women Empowerment 18 Bangladesh India Pakistan Nepal Sri Lanka 90% 34% 10% 15% 87% 76% 13% 60% 38% 52% Female Contrbution in South Asia Percent of Female Percentage of Total Export
  • 19. Savings 19 Regular earning Workers investments on family pension schemes etc. create savings. 15 years and above had their own bank accounts. A higher proportion of workers (30 percent) had bank accounts in the EPZ. Women are on average better savers than men. Women save about 7.6 percent of their otherwise small income.
  • 20. Child Labor 20 In 2000 a second MOU was signed between BGMEA and ILO focused •A fact-finding survey to determine the extent of child labor in the garment industry; •The establishment of an education program; •The establishment of a monitoring and verification system; •The provision of income compensation in the farm of a monthly stipend of Tk. 300, the equivalent of (at that time) US$ 7 ILO 2005 baseline survey on child labor in hazardous situations found •The one sector where legal restrictions on use of child labor showed to be successfully forced was the Ready-made Garment industry, while around 532,000 child laborers were working in hazardous situations in other industries.
  • 21. Population Control 21 Employment opportunities especially for women created positive impact on family planning and population control in the country. Independent working-women are getting more conscious about the advantage of a small family. Working adolescent girls tend to avoid early marriage. The mean age at marriage for girls working in RMG factories tend to be higher than the national average.
  • 22. Employment 22 2.2 2.4 2.8 3.5 3.6 3.6 2005-06 4220 Factory 2006-07 4490 Factory 2007-08 4743Factory 2008-09 4925 Factory 2009-10 5063 Factory 2010-11 5150 Factory Employment (in million workers) Employment (in million workers) Source: Bangladesh Garments Manufacturers & Exportes Association (BGMEA)
  • 24. Future Agendas 24 Brand Creation & Recognition Development Of Intellectual Properties Steady Expansion In More Foreign Markets Major Growth In Home Market Being Prepared For Upcoming Automation Revolution Practical Hands-On Study For Textile Engineers & Fashion Designers
  • 26. Thank You Everyone www.mahbubrabbe.com Linked-in: www.linkedin.com/in/mahbub-alam-rabbe- 984a17118/ Twitter: https://twitter.com/mahbubalamrabbe