The textile and apparel industries are the single largest source of economic growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. While the garment export sector has seen tremendous success, working conditions in the industry are below international standards and labor rights are often ignored. Bangladesh relies heavily on exports to the US and EU, which together account for over 95% of clothing exports. The government has sought to liberalize trade and promote the textile and clothing sector through various industrial and export policies. However, weaknesses include a lack of production efficiency, product development skills, and poor adaptation of social and environmental standards.
RMG industry in Bangladesh has always been the country's backbone. Being the 3rd largest apparel exporter in the world after China and Vietnam, the South Asian apparel manufacturing powerhouse is showing good signs in its global apparel exports. Team Apparel Resources has prepared a presentation to let the readers everything know about Bangladesh's RMG industry.
Presentation on "The rise of Bangladesh's textile trade"
by
Mohammed Wasiful Alam Fahim
Graduated from School of Business,Chittagong Independent University.
Email : fahimbd329@gmail.com
Linkedin : https://www.linkedin.com/in/md-wasiful-alam-fahim-709a84167/
RMG industry in Bangladesh has always been the country's backbone. Being the 3rd largest apparel exporter in the world after China and Vietnam, the South Asian apparel manufacturing powerhouse is showing good signs in its global apparel exports. Team Apparel Resources has prepared a presentation to let the readers everything know about Bangladesh's RMG industry.
Presentation on "The rise of Bangladesh's textile trade"
by
Mohammed Wasiful Alam Fahim
Graduated from School of Business,Chittagong Independent University.
Email : fahimbd329@gmail.com
Linkedin : https://www.linkedin.com/in/md-wasiful-alam-fahim-709a84167/
Price mechanism in the rmg industry of bangladeshAyman Sadiq
The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 25 years.
The industry plays a key role in employment generation and in the provision of income to the poor. Nearly four million workers are directly and more than twelve million inhabitants are indirectly associated with the industry. Over the past twenty five years, the number of manufacturing units has grown from 180 to over 5000.
The sector has also played a significant role in the socio-economic development of the country. It continued to show robust performance, competitive strength and, of no less importance, social commitment. RMG’s contribution to Bangladesh economy is well-known, well-appreciated and well-respected.
1950 was the beginning of RMG in the Western world. In order to control the level of imported RMG products from developing countries into developed countries, the Multi Fibre Agreement (MFA) was made in 1974. In the early 1980s Bangladesh started receiving investment in the RMG sector,then there was about 50 factories.At present more than 4000 garment factory available in Bangladesh.
The readymade garments industry acts as the backbone of our economy and as a catalyst for the development of our country. We take pride in the sector that has been fetching billions of dollars as export earnings and creating jobs for millions of people in the country.
The “Made in Bangladesh” tag has also brought glory for Bangladesh, making it a prestigious brand across the globe. Bangladesh, which was once termed by cynics a “bottomless basket” has now become a “basket full of wonders.” The country with its limited resources has been maintaining 6% annual average GDP growth rate and has brought about remarkable social and human development.
Abolition of quota - A Zero Sum Game for the South Asia Textile Industry ?Sodhan Manandhar
Abolition of quota - A Zero Sum Game for the South Asia Textile Industry ?
We all know the rise and fall of the garment industry in South Asia.
This is a presentation regarding a case of the situation Before and After Quota was introduced.
Contribution of RMG sector in National Economy Of BangladeshBless Godino
This slide represents "Contribution of RMG sector in National Economy Of Bangladesh". Slide were made with the help of secondary data which was already available in the internet. you are free to use this slide. for feedback you can send me mail in - bassistbless@gmail.com
Thank you !
Price mechanism in the rmg industry of bangladeshAyman Sadiq
The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 25 years.
The industry plays a key role in employment generation and in the provision of income to the poor. Nearly four million workers are directly and more than twelve million inhabitants are indirectly associated with the industry. Over the past twenty five years, the number of manufacturing units has grown from 180 to over 5000.
The sector has also played a significant role in the socio-economic development of the country. It continued to show robust performance, competitive strength and, of no less importance, social commitment. RMG’s contribution to Bangladesh economy is well-known, well-appreciated and well-respected.
1950 was the beginning of RMG in the Western world. In order to control the level of imported RMG products from developing countries into developed countries, the Multi Fibre Agreement (MFA) was made in 1974. In the early 1980s Bangladesh started receiving investment in the RMG sector,then there was about 50 factories.At present more than 4000 garment factory available in Bangladesh.
The readymade garments industry acts as the backbone of our economy and as a catalyst for the development of our country. We take pride in the sector that has been fetching billions of dollars as export earnings and creating jobs for millions of people in the country.
The “Made in Bangladesh” tag has also brought glory for Bangladesh, making it a prestigious brand across the globe. Bangladesh, which was once termed by cynics a “bottomless basket” has now become a “basket full of wonders.” The country with its limited resources has been maintaining 6% annual average GDP growth rate and has brought about remarkable social and human development.
Abolition of quota - A Zero Sum Game for the South Asia Textile Industry ?Sodhan Manandhar
Abolition of quota - A Zero Sum Game for the South Asia Textile Industry ?
We all know the rise and fall of the garment industry in South Asia.
This is a presentation regarding a case of the situation Before and After Quota was introduced.
Contribution of RMG sector in National Economy Of BangladeshBless Godino
This slide represents "Contribution of RMG sector in National Economy Of Bangladesh". Slide were made with the help of secondary data which was already available in the internet. you are free to use this slide. for feedback you can send me mail in - bassistbless@gmail.com
Thank you !
Problem and prospects of garments industry in bangladeshkhan shamim
Problem and prospects of garments industry in Bangladesh.
Introduction,Data collection,Scope of the Study,Limitations of the study,Finding,Company profile,Millenium Garments Limited,Problems Regarding,Bangladesh Faces the Challenge of Globalization,Recommendation,Conclusion.
What Makes Bangladesh – A Hub of Garment Manufacturing?ThreadSol
Did you know that Bangladesh ranked 6th on the list of top apparel exporting countries back in 2006? What is it that brought Bangladesh’s apparel industry where it is today?
This tutorial offers a step-by-step guide on how to effectively use Pinterest. It covers the basics such as account creation and navigation, as well as advanced techniques including creating eye-catching pins and optimizing your profile. The tutorial also explores collaboration and networking on the platform. With visual illustrations and clear instructions, this tutorial will equip you with the skills to navigate Pinterest confidently and achieve your goals.
Hadj Ounis's most notable work is his sculpture titled "Metamorphosis." This piece showcases Ounis's mastery of form and texture, as he seamlessly combines metal and wood to create a dynamic and visually striking composition. The juxtaposition of the two materials creates a sense of tension and harmony, inviting viewers to contemplate the relationship between nature and industry.
Fashionista Chic Couture Maze & Coloring Adventures is a coloring and activity book filled with many maze games and coloring activities designed to delight and engage young fashion enthusiasts. Each page offers a unique blend of fashion-themed mazes and stylish illustrations to color, inspiring creativity and problem-solving skills in children.
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2. Ideas for today and tomorrow
Bangladesh Textile
& Apparel Industry
Welcome To Our Presentation
3. The textile and apparel industries provide the single source of economic
growth in Bangladesh's rapidly developing economy. Exports
of textiles and garments are the principal source of foreign exchange
earnings. Agriculture for domestic consumption is Bangladesh’s largest
employment sector. The tremendous success of ready made garment
exports from Bangladesh over the last two decades has surpassed the most
optimistic expectations. Today the apparel export sector is a mufti-billion-
dollar manufacturing and export industry in the country.
Vision Statement
4. Many researchers have investigated working conditions in the Bangladesh
garments industry. In fact Working conditions in the RMG(Ready Made
Garments) sector are below standard and do not meet the ILO standards.
Labour standards and rights are commonly ignored in the RMG factories
in Bangladesh: poor practices include the absence of trade unions informal
recruitment, and irregular payment, sudden termination, wage
discrimination, excessive work, and abusing child labour.
Literature Review
5.
6. Bangladesh relies heavily on the United States and European Union for
exporting clothing. The two regions/countries account for over 95% of
exports in 1996. The shares of the United States and European Union
fluctuated a great deal. In recent years, since 1993, the share of the United
States declined while the share of the European union increased. The
increased share of the European Union can be attributed to the fact that
Bangladesh does not face any quota while it faces quota in the United
States.
The Trade Performance of Bangladesh
in Clothing
7. During the last decade or so, Bangladesh has substantially liberalized
its trade regime, moving away from costly protectionist policy toward a
more export-friendly trade regime. The current industrial policy(1999)
and Export Policy(1997-2002) have identified the textile and clothing
sector as one of the "thrust" sectors in Bangladesh. The patterns of
comparative advantage and hence the structure of exports and imports
involving textiles and clothing, as stated before, depend on stages of
economic development in Bangladesh and other countries.
Bangladesh Industrial Policy Toward
Textile and Clothing
8. Findings: From this table it is seen that, 60% woven & 40%
knit garments produce R.M.KNIT FASHION.LTD
Analysis and Findings:
9. • Textile and apparel firms in Bangladesh are mostly
concentrated around the capital city of Dhaka.
Geography
10. Today, the textile industry of Bangladesh can be divided into the three main
categories: the public sector, handloom sector, and the organized private
sector. Each of these sectors has its advantages and disadvantages.
Currently, the organized private sector dominates, and is also expanding at
the fastest rate.
Today’s Situation
13. Analysis Weakness :Analysis Weakness :
• Weak Structure, in particular production efficiency, product
development, marketing skill, customer service, controlling, planning,
management skill, technical know how Producing mainly basic
products.
• Heavily depend on importing woven fabrics, low value addition Poor
image of adapting international and Corporate social standards
Political, Social and worker unrest.
15. • 1. Disunity and division of organizations.1. Disunity and division of organizations.
• 2. Unlimited and long working hours.2. Unlimited and long working hours.
• 3. Absence of Job security.3. Absence of Job security.
• 4. Migration from factory to factory.4. Migration from factory to factory.
• 5. Absence of weekly holiday and other holidays.5. Absence of weekly holiday and other holidays.
• 6. Majority of women.6. Majority of women.
• 7. State policy.7. State policy.
• 8. Elite class ownership.8. Elite class ownership.
• 9. Low wage.9. Low wage.
• 10. Unemployment of the country.10. Unemployment of the country.
• 11. Building structure is not good.11. Building structure is not good.
• 12. No unity in Worker.12. No unity in Worker.
• 13. No special training & proper education in the female worker.13. No special training & proper education in the female worker.
16.
17. Comparative Statement on Export of
Textile & Apparels and Total Export of
Bangladesh
Figure : Comparative Statement on Export
Growth Of RMG In Bangladesh
20. ♦ Current infrastructures should be modified from the government side.
♦ Investment in education requires broad initiatives.
♦ A long term strategy should be developed to secure the raw materials
supply as well.
♦ Ensure high quality machine, so that they can produce high quality
product.
♦ Trained up workers by various diploma course.
Recommendation