2. An Intro of Bangladesh Garments
■ For the most part, the economic system of Bangladesh is contingent on agribusiness.
■ The Bangladesh Garments division has come forth as the largest earner of foreign
currency.
■ The entire affect of the Bangladeshi garments exportations is surely one of the
extremely important societal and economical build-ups within the present-day
Bangladesh.
■ More than one and a half million female laborers are hired inside the semi-proficient
and proficient occupations that yields clothing with regards to exportations.
■ Bangladesh is distinctly in the lead as compared with different South-Asian providers.
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3. ExportTrend of Bangladesh Garments
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The Bangladesh garments industry has rendered 28.09bn USD of exportations within the financial
year of 2015-16 with a 10.21 percent of development since the previous year.
4. Strengths of Garments sector in Bangladesh
■ Significantly certified/eager to determine the manpower usable at lowly labor prices.
■ Energy at lowly costs.
■ Well approachable substructure such as roads, sea, railroad and air.
■ Approachability of basic substructure which is around 3 decades old and was primarily
founded by the businessmen of China, Korea,Taiwan and Hong Kong.
■ Foreign Direct Investment (F.D.I.) is lawfully allowed.
■ Reasonably capable economic system, specially within the E.P.Z.s.
■ Bettered Generalized Scheme of Preferences (G.S.P.) benefits under territorial
cumulative.
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5. Weaknesses of Garments sector in Bangladesh
■ Deficiency of merchandizing plans for attaining a particular goal.
■ Absence of readily available management with ease.
■ Little amount of producing methods.
■ Deficiency of training administrations with regards to developed actors, overlooker
and managers.
■ Bossy set about of almost each and every capitalists.
■ A small but indefinite number of operation units with regards to fabrics and garments.
■ Undependable reliability about Deliverance/QualityAnalysis/Product information
■ Time-consuming custom sanction.
■ Subject to calamities caused naturally.
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6. Opportunities of Garments sector in Bangladesh
■ The European Union (E.U.) is inclined towards founding the industry within a large
manner as an alternative to China specially with regards to knits, comprising sweaters.
■ Bangladesh is considered within the Least Developed Nations along which the United
States is entrusted towards raising exportation trade.
■ Sweaters are extremely economic even along China and is the possibility of future
success with regards to Bangladesh.
■ When proficient technicians are usable to learn, Bangladesh products such as
garments that is arranged beforehand is an alternative.
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7. Threats of Garments sector in Bangladesh
■ Bangladesh exporters are obliged to develop themselves in order to reap the benefits
extended through the possibilities.
■ Unless a newly solid marketplace is inquired within the home or overseas, any non-
cooperation out of the United States and European Union might threaten the
Bangladesh RMG exportation business altogether and accordingly the fabric
production.
■ Abrupt rise in the cost of cotton and yarn within the international marketplace might
drive Bangladesh towards an extremely cumbersome position while crushing the
business.
■ When the kind of worker and anarchies associated to politics continues to exist within
the time to come, Bangladesh might miss the business within the manner by which Sri
Lanka has befuddled.
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8. Conclusion
■ It’s a peak obligation with regards to us to offer an ideal operating spot for
manufacturing Bangladesh products in terms of the RMG division which has
contributed a solid balance to the economic system of Bangladesh, produced
occupations with regards to a large number of individuals, particularly with regards to
women, raised them out of the abyss of unending neediness and presented them a
sublime life.
■ Presently, what we have expected to carry out is managing each and every challenges
are being dealt with the Bangladesh garments industry in order to create the
circumstances with regards to its further advancement.
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