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
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Problems and Prospect of RMG Sector in BangladeshTasnim Fahim
Problems and Prospect of RMG Sector in Bangladesh. This presentation Made By Tasnim Alam. He is a studen of National institute of fashion technology(NIFT).He study Apparel Manufacture Technology(AMT).
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.
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.
Problems and Prospect of RMG Sector in BangladeshTasnim Fahim
Problems and Prospect of RMG Sector in Bangladesh. This presentation Made By Tasnim Alam. He is a studen of National institute of fashion technology(NIFT).He study Apparel Manufacture Technology(AMT).
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.
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.
The industry that has been making crucial contribution to rebuilding the country and its economy is none other than the Ready Made Garments (RMG) industry which is now the single biggest export earner for Bangladesh. The sector accounts for 81% of total export earnings of the country.
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.
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.
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.
The industry that has been making crucial contribution to rebuilding the country and its economy is none other than the Ready Made Garments (RMG) industry which is now the single biggest export earner for Bangladesh. The sector accounts for 81% of total export earnings of the country.
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.
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.
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.
Is It Feasible to Include Ready-Made Garments Sector in Badajoz Zone under Sc...Samsul Alam
The Ready-Made Garments (RMG) might have a remarkable contribution to a country's economy once it possesses an understandable application of technology and innovation in its style attractiveness, healthier aspects of body and its environmental settings. The primary purpose of this study is to explore the relevance of including RMG sector in the Science and Technology Park of Extremadura (PCTEx) in Badajoz province of Spain. For this purpose, a case study based on face to face interview method is followed where primary data was collected through an unstructured open ended questionnaire. The author's observation in this case is also used. The findings of this qualitative study support that it is relevant to include the sector in this particular zone. It concludes with the statement that PCTEx has the opportunity to include the sector in this area which can ensure greater impact in social and financial gain in this region. The findings also support that if this proposal is implemented and is supervised by the PCTEx authority in Badajoz, with the influence of this non-government association, it will flourish with its superior performance and in turn will contribute to the development of the region by creating employment opportunity for a number of unemployed people especially for women as well as to the country economy as a whole. The availability of low cost human resources especially high tech infrastructure and industry-friendly environment all work behind the motivation of the sector inclusion in this region.
Ready-made garments inclusion: A study on science and technology park of Extr...Samsul Alam
The ready-made garments (RMG) can have a noteworthy contribution to the economy of a country when it possesses a noticeable application of technology and innovation in its design attractiveness, healthier aspects of body and environment. The primary purpose of this study is to show the relevance of including RMG sector in Science and Technology Park of Extremadura (PCTEx), Spain in Badajoz zone. Based on the study result, it is proposed to include this promising sector in this area that has impact. The conclusion finds that the PCTEx can include the sector in this area that can ensure greater impact in social and financial gain of the economy. The study follows case study method and the results produced based on face to face interview using unstructured open-ended questionnaire. The findings support that if this industry tends to run and is supervised by the PCTEx authority in Badajoz, with the influence of this non-government association, it will flourish with its superior performance and in turn will contribute to the development of the region by creating employment opportunity for a number of unemployed people especially for women and to the country economy as a whole. The availability of low-cost human resources especially high-tech equipment and industry-friendly environment all work behind the motivation of the inclusion of this industry in Badajoz, Spain.
Productivity and Competitiveness of RMG Industry and policy for ImprovementAshikul Kabir Pias
BANGLADESH IS A DEVELOPING COUNTRY.RMG PLAY A VITAL ROLE IN OUR ECONOMY. THE APPAREL INDUSTRY IS ONE OF THE PILLAR INDUSTRIES OF BANGLADESH. BANGLADESH IS THE 3RD LARGEST APPAREL EXPORTING COUNTRY IN THE WORLD. THE READYMADE GARMENTS (RMG) INDUSTRY IS THE LARGEST SINGLE ECONOMIC SECTOR IN BANGLADESH WHICH CONTRIBUTES TO 76% OF NATIONAL EXPORTS AND 90% OF MANUFACTURING GOODS EXPORTS .
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
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The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
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@Pi_vendor_247
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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Where can I sell my pi coins at a high rate.
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@Pi_vendor_247
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Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
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You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
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You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
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Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
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@Pi_vendor_247
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If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
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3. Introduction
The economy of Bangladeshis largely dependent
on agriculture
RMG sector has emerged as the biggest earner of foreign
currency
The overall impact of the readymade garment exports is
certainly one of the most significant social and economic
developments in contemporary Bangladesh
Over one and a half million women workers employed in
semi-skilled and skilled jobs producing clothing for exports
Bangladesh is clearly ahead from other South Asian suppliers
4. Findings & Analysis
The role RMG sector in Bangladesh economy is remarkable. . It’s seen that, from the
last decade . RMG sector contributes to the national economy in considerable rate.
About 76% of total export earnings come from RMG sector.
Figure shows the total export of RMG products in different year
5. Total Number of garments Factory in Bangladesh according to
BGMEA
Year Number of
Garments
2010-11 5150
2011-12 5400
2012-13 5876
2013-14 4222
2014-15 4296
5150 5400
5876
4222 4296
2010-11 2011-12 2012-13 2013-14 2014-15
EmployeesNumber
Year
Number of Employees
6. Investment in RMG
Year Total Invested Amount in
Million US$
2010-11 25216.34
2011-12 26032.35
2012-13 30125.56
2013-14 28563.32
2014-15 27685.28
Source: CPD (Center for Policy Dialog Bangladesh)
25216.34
26032.35
30125.56
28563.33
27685.28
2010-11 2011-12 2012-13 2013-14 2014-15
Investment in RMG
Series 1 Column1
7. Total Export versus RMG Export of Bangladesh
Year
Total Export
Amount
RMG Export
Amount
2010-11 22924.38 17914.46
2011-12 24287.66 19089.69
2012-13 27027.36 21515.73
2013-14 30186.62 24491.85
2014-15 31198.45 25491.42
Data Source: Export Promotion Bureau Compiled by BGMEA
22924 24287
27027
30186 31198
2010-11 2011-12 2012-13 2013-14 2014-15
Amount
Year
Total Export
8. Total Export versus RMG Export of Bangladesh Comparison by year
Data Source: Export Promotion Bureau Compiled by BGMEA
0
5000
10000
15000
20000
25000
30000
35000
year 2010-11 2011-12 2012-13 2013-14 2014-15
AMOUNTINUS$
Comparison RMG Export vs Total Export
total expo. Amount RMG Expo. Amount
9. Strength, Weakness, Opportunity & Threat of Garments sector of Bangladesh
Strength
Considerable Qualified/keen to learn workforce available at low labor charges.
Energy at low price.
Easily accessible infrastructure like sea road, railroad, river and air
Accessibility of fundamental infrastructure, which is about 3 decade old, mainly
established by the Korean, Taiwanese and Hong Kong Chinese industrialists.
FDI is legally permitted.
Moderately open Economy, particularly in the Export Promotion Zones.
GSP under EBA (Everything but Arms) for Least Developed Country applicable
to EU).
Improved GSP advantages under Regional Cumulative.
Looking forward to Duty Free Excess to US, talks are on, and appear to be on
track.
10. Weakness
Lack of marketing tactics.
Absence of easily on-hand middle management.
A small number of manufacturing methods.
Lack of training organizations for industrial workers, supervisors and managers.
Autocratic approach of nearly all the investors.
Fewer process units for textiles and garments.
Time-consuming custom clearance.
Unreliable dependability regarding Delivery/QA/Product knowledge.
Subject to natural calamities.
Opportunity
EU is willing to establish industry in a big way as an option to china particularly for
knits, including sweaters.
Bangladesh is included in the Least Developed Countries with which US is committed
to enhance export trade.
Sweaters are very economical even with china and is the prospect for Bangladesh.
If skilled technicians are available to instruct, prearranged garment is an option
11. Threat
The exporters have to prepare themselves to harvest the
advantages offered by the opportunities.
Unless new strong market is explored in home or abroad, any
non-cooperation from USA & EU may jeopardize the whole
Bangladesh RMG export business and consequently the textile
manufacturing.
Sudden price hike of cotton and yarn in the global market may
push Bangladesh to a very awkward situation to devastate the
business.
The type of labor and political anarchies of the recent days if
prevails in the future, Bangladesh may lose the business in the
way Sri Lanka has lost.
12. The RMG industry is the backbone and motor of Bangladesh's economy
low labor costs have always been one of the competitive advantages for Bangladesh
garments in the global sourcing market
, Bangladesh is the seventh largest RMG exporter in the world
4,200 apparel factories export garments worth nearly US$ 10 billion, contributing
more than 75% to Bangladesh's total export earnings
The industry provides direct employment to over 2.3 million workers - mainly women -
and indirectly supports the livelihood of about 20 million people
, increasing production costs are putting the industry in a very precarious economic
situation
pressure from buyers has been increasing, demanding from suppliers' full compliance
with internationally recognized social and environmental standards
Assistance of Bangladesh Government to RMG
13. Women in the Garments Industry
The garment sector has provided employment opportunities to women
the rural areas that previously did not have any opportunity to be part
formal workforce
This has given women the chance to be financially independent and
voice in the family because now they contribute financially
Most women come from low income families
Low wage of women workers and their compliance have enabled the
to compete with the world market
Women are paid far less than men mainly due to their lack of
Particulars Figure
Total Worker 3.60 million
Total Women Worker 2.88 million (78%)
14. Political Problem : The first victim of confrontational politics is the garment sector as
the exporters face challenges in production, marketing, distribution of raw materials,
destruction of factories by the enraged political party supporters. The activities of the
stop for the confrontational politics. Workers cannot move up to the factories during
chaos like shutdown and political impasses.
Land Crisis : Many local and foreign investors are not getting adequate land for
establishing industries for scarcity of land even at higher prices. It will be very difficult
suitable industrial plot in the Dhaka, Mymensingh, Savar, Ashulia, Narayanganj and
industrial belts for setting up new industrial units.
Marketing and Price Negotiation Limitation : Majority of the first generation garment
entrepreneurs did not start their business with formal education. They started their
normally and got bigger later, although the second generation is very organized. S0
negotiation, which is very vital for sustenance of business, remained unattended to
Limitation of Garment Industry
15. It’s a prime duty for us to provide a perfect working place for the readymade
garments sector of Bangladesh which has given our economy a strong
footing, created jobs for millions of people, especially for women, lifted
them for the abyss of chronic poverty and given them a magnificent life.
Now what we have needed to do is dealing with all the challenges facing our
readymade garments industry, paving the way for its further development.
Conclusion