Presentation on Ready-made garments of Bangladesh.

1. READY-MADE GARMENTS OF BANGLADESH

2. Md. Nazmul Hoque Shourob
ID: 201002305
Submitted By

3. Textile sector consists of around 5,400 factories and holding 78.60% of total exports of Bangladesh.
Bangladesh is the 2nd largest garments exporter in Asia and 3rd largest in the world.
More than 25 million people directly and indirectly depending on this sector for their livelihood
and the numbers are increasing everyday.
Readymade Garments Industry of Bangladesh:

4. Historic Trend of BD’s RMG Export Values in Billion USD

5. top 10 markets of Bangladesh's RGM share USD 19.10 billion exports in FY2011-2012

6. Grow of RMG Industry
Value in thousand factories

7. Opportunities of RMG Sector
Bangladesh is on the radar-screen of all European and US apparel buyers. This is especially true
as Bangladesh's RMG exports will strengthen the country's position and are likely to grow —
double by 2015 and nearly triple by 2020

8. Strengths: Bangladesh’s RGM Industry
Competitive Price
International standard Quality Control process
30 years of experience in garment manufacturing
Irresistible & resilient entrepreneurial spirit
Rapidly progressing toward high-end brand items
Rapidly adoption of environment friendly and green concepts
Energy efficient and cleaner production and the 'Green' concept has seen
remarkable progress

9. Strengths: of Bangladesh – An emerging tiger
 Constant unbroken GDP growth between 5%-7%
 70% of the population is under 40 years of age. Economically active population is 45 million,
and every year around 2 million people is joining the labor force
 Export driven growth in Manufacturing spearheading industrialization
 Stable position in sovereign credit rating by Moody's and S&P
 JP Morgan produced a report in April 2007 {'From Ho Chi Minh Trail to Mexico') where they
included Bangladesh in their 'Frontier Five’
 Goldman Sachs included Bangladesh in its 'Next 11' after the ERIC nations (Brazil, Russia,
India and China)

10. Economic Growth
:

11. Advantage: Enhanced market access
EU GSP: Rules of Origin has been relaxed from two-stage to one stage procession from 1 January 2011.
Japan G5P: Rules of Origin for knitwear has been revised from three-stage to two-stage from 1 April 2011.
Woven garment enjoys one-stage rules of origin
Switzerland GSP: Rules of Origin has been relaxed from two-stage to one-stage procession from 1 April 2011
Norway G5P: Rules of Origin has been relaxed from two-stage to one-stage procession from 1 May 2011
Canada GSP: Canada provides Zero duty access on 25% value addition requirement
China Duty Free: China provides Zero duty access for 98% items from Bangladesh under global initiative through
WTO
Russia's WTO Accession: Russia's accession to WTO has sourced a hope to liberalize trade with this country
Malaysia & South Korea: Both these countries provide duty free access to a number of apparel items
from Bangladesh

12. Remarkable progress in social compliance
Bangladesh's garment sector is free of child labor and
forced labor according to USDOL Report (Sep, 2009)
BGMEA is monitoring the working condition in member
factories on continuous basis
Better Work program
'Bangladesh is now in the process of engaging in this
program, administered by ILO and IFC and supported by
USDOL

13. Happy Smile a Real Fighter
Thank You
Everybody