Global value chain and RMG sector of Bangladesh
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the slides are prepared for the purpose of the final project of a course named Trading for Development in the Age of Global Value Chain- WDR 2020.course conducted by the World Bank Group via edX platform.
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Rmg sector and it's Socio-Economic impact in Bangladesh
The RMG (ready-made garments) sector has had significant socio-economic impacts in Bangladesh. It contributes over 80% of total export earnings and 10.5% of GDP. The sector employs over 4.5 million workers, most of whom are women. It has empowered women, increased savings, reduced child labor, and helped control population growth. Moving forward, the sector aims to build brand recognition, expand into new markets, and prepare for upcoming automation.
RMG SECTOR & IT’S SOCIO-ECONOMIC IMPACT IN BANGLADESH
The document provides an overview of Bangladesh's ready-made garments (RMG) sector and its socio-economic impacts. Some key points:
- The RMG sector contributes over 85% of Bangladesh's total export earnings and 38% of industrial value addition. It employs around 4.5 million workers, the majority being women.
- The sector has experienced significant economic growth in recent years, with RMG exports growing from $3.15 billion in 2015-2016 to $3.36 billion in 2016-2017 and $3.55 billion in 2017-2018.
- The RMG sector has brought various social impacts, including empowering women, generating savings, reducing child labor, controlling the population growth rate,
RMG Sector in Bangladesh
The document discusses the ready-made garments (RMG) sector in Bangladesh. It notes that the RMG sector has emerged as Bangladesh's biggest export earner, comprising 81.69% of exports in 2014-2015. The sector significantly contributes to GDP and employs around 4.2 million Bangladeshis. Tables show that the number of garment factories and employment in the sector has steadily increased between 1985-1986 and 2015-2016. Additionally, the percentage and value of RMG exports to total exports has greatly increased between 1983-1984 and 2015-2016. The conclusion states that Bangladesh's textile sector and exports are increasing annually, and through continued RMG export growth, Bangladesh may attain developed country status in the future.
Situation of bangladesh garments industry
A presentation of Situation of Bangladesh Garments Industry was presented for a partial requirements of Micro Economics course.
And all credits goes to my group mates.
Contribution of RMG sector in National Economy Of Bangladesh
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 !
RMG IN BANGLADESH
The ready-made garments (RMG) industry in Bangladesh started in the late 1970s and has since grown to become the backbone of Bangladesh's economy, contributing billions in export earnings and employing millions of workers. RMG, particularly knitwear, has experienced strong growth due to trade preferences from markets like the EU and Canada. Bangladesh has developed clusters of supplier firms and a large, low-cost, skilled workforce to support a thriving garment export industry. However, it must continue to address infrastructure and skills challenges to sustain its growth and meet projections that RMG exports will double by 2015 and triple by 2020.
Price mechanism in the rmg industry of bangladesh
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.
Project presentation on RMG sector in Bangladesh
This PowerPoint presentation summarizes the effect of the ready-made garments sector on Bangladesh's economy. It notes that the garments sector is the second largest exporter of ready-made garments globally, and is a major source of foreign income and employment for Bangladesh. The sector employs over 4 million people and plays an important role in women's empowerment and social and economic development. However, the presentation also identifies challenges for the sector, such as a lack of skilled labor, energy shortages, and political unrest. Recommendations to address these challenges and further strengthen the sector are provided.
Recommended
Rmg sector and it's Socio-Economic impact in Bangladesh
The RMG (ready-made garments) sector has had significant socio-economic impacts in Bangladesh. It contributes over 80% of total export earnings and 10.5% of GDP. The sector employs over 4.5 million workers, most of whom are women. It has empowered women, increased savings, reduced child labor, and helped control population growth. Moving forward, the sector aims to build brand recognition, expand into new markets, and prepare for upcoming automation.
RMG SECTOR & IT’S SOCIO-ECONOMIC IMPACT IN BANGLADESH
The document provides an overview of Bangladesh's ready-made garments (RMG) sector and its socio-economic impacts. Some key points:
- The RMG sector contributes over 85% of Bangladesh's total export earnings and 38% of industrial value addition. It employs around 4.5 million workers, the majority being women.
- The sector has experienced significant economic growth in recent years, with RMG exports growing from $3.15 billion in 2015-2016 to $3.36 billion in 2016-2017 and $3.55 billion in 2017-2018.
- The RMG sector has brought various social impacts, including empowering women, generating savings, reducing child labor, controlling the population growth rate,
RMG Sector in Bangladesh
The document discusses the ready-made garments (RMG) sector in Bangladesh. It notes that the RMG sector has emerged as Bangladesh's biggest export earner, comprising 81.69% of exports in 2014-2015. The sector significantly contributes to GDP and employs around 4.2 million Bangladeshis. Tables show that the number of garment factories and employment in the sector has steadily increased between 1985-1986 and 2015-2016. Additionally, the percentage and value of RMG exports to total exports has greatly increased between 1983-1984 and 2015-2016. The conclusion states that Bangladesh's textile sector and exports are increasing annually, and through continued RMG export growth, Bangladesh may attain developed country status in the future.
Situation of bangladesh garments industry
A presentation of Situation of Bangladesh Garments Industry was presented for a partial requirements of Micro Economics course.
And all credits goes to my group mates.
Contribution of RMG sector in National Economy Of Bangladesh
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 !
RMG IN BANGLADESH
The ready-made garments (RMG) industry in Bangladesh started in the late 1970s and has since grown to become the backbone of Bangladesh's economy, contributing billions in export earnings and employing millions of workers. RMG, particularly knitwear, has experienced strong growth due to trade preferences from markets like the EU and Canada. Bangladesh has developed clusters of supplier firms and a large, low-cost, skilled workforce to support a thriving garment export industry. However, it must continue to address infrastructure and skills challenges to sustain its growth and meet projections that RMG exports will double by 2015 and triple by 2020.
Price mechanism in the rmg industry of bangladesh
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.
Project presentation on RMG sector in Bangladesh
This PowerPoint presentation summarizes the effect of the ready-made garments sector on Bangladesh's economy. It notes that the garments sector is the second largest exporter of ready-made garments globally, and is a major source of foreign income and employment for Bangladesh. The sector employs over 4 million people and plays an important role in women's empowerment and social and economic development. However, the presentation also identifies challenges for the sector, such as a lack of skilled labor, energy shortages, and political unrest. Recommendations to address these challenges and further strengthen the sector are provided.
Rmg sector of bd
The ready-made garments (RMG) sector is the leading industry in Bangladesh in terms of foreign currency earnings, contributing over 80% of total export earnings and 16% of GDP. There are over 6000 garment factories employing around 4 million workers, 80% of whom are female. The RMG industry exports knit and woven garments to over 180 countries worldwide, with major importers being the European Union, Canada, and the United States. However, the sector also faces challenges such as poor infrastructure, low technology usage, and safety issues, evidenced by the 2013 Rana Plaza factory collapse that killed over 1200 people. The government and organizations are working to address these issues and strengthen the industry.
Ready made garments of 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.
RMG Market All Over The World
The garment industry has been a major driver of Bangladesh's economy and exports for decades. It now employs over 4 million workers but faces challenges related to labor issues and unrest over low wages and working conditions. Despite problems, the industry remains resilient and Bangladesh's competitiveness in low costs is expected to allow it to play a continued significant role in the global apparel market.
Economic of RMG sector
The readymade garments industry is the backbone of Bangladesh's economy, accounting for over 80% of export earnings and employing millions of people. It began in the 1980s and has transformed Bangladesh from one of the poorest countries to a middle income country with an average 6% GDP growth rate. The industry started when Bangladesh's jute industry declined and entrepreneurs like Nurool Quader Khan sent trainees to South Korea to learn garment production techniques, establishing the foundation of the modern RMG sector. Bangladeshi RMG products have gained a prestigious global brand and helped develop the country using its limited resources.
Swot analysis of textile sector for bangladesh
The document provides a SWOT analysis of the textile sector in Bangladesh. It identifies several strengths, including low labor costs, accessible infrastructure, and government support for foreign investment. Weaknesses include a reliance on imported raw materials, low productivity, and inefficient ports. Opportunities lie in expanded export markets and potential to move into higher value products. Threats include competition from China and potential trade barriers related to labor standards and environmental regulations. The analysis concludes that a SWOT framework can help identify strategies to address weaknesses and threats facing the industry.
Bangladesh Garment Industry
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.
Strength of Textiles In Bangladesh Perspective
The document summarizes the textile industry in Bangladesh, including its history, current state, and future opportunities and challenges. It notes that Bangladesh currently has over 4,800 garment factories and exports over $20 billion worth of garments annually, accounting for 78% of the country's total exports. However, it mainly produces low-cost basic items and lags behind competitors in product diversification. The document discusses new technologies that could be applied to textiles, such as smart textiles that change properties in response to environmental conditions. It predicts Bangladesh's garment exports will triple in size over the next 10 years if it focuses on innovation, but will need to develop more advanced and fashion-oriented products to strengthen its industry.
Rmg
The document discusses the ready-made garments (RMG) sector in Bangladesh. It provides:
1) A brief history of the RMG sector in Bangladesh, noting it was first established in the 1960s and exported shirts to European markets. By the 1970s, there were 9 major exporting industries.
2) Details on the current situation of the RMG sector, including there being over 5000 garment factories currently employing millions, with the sector being the largest export earner valued at over $24 billion last year.
3) An overview of the contribution and opportunities for the RMG sector in Bangladesh, with the sector providing about 76% of total export earnings and benefiting from factors like vast labor forces and government
Contribution of rmg sector in economic growth of BD
The document discusses the contribution of the ready-made garment (RMG) sector to Bangladesh's economic growth. It finds that the RMG sector contributes significantly to GDP, exports, employment, and women's empowerment. It employs around 4.5 million workers, mostly women, and accounts for around 75-80% of the country's total exports. The sector has been a major driver of Bangladesh's economic growth over the past two decades.
History of garments in Bangladesh
1. Bangladesh's textile industry is a major economic driver, especially garment exports which have grown from $1 million in 1978 to over $20 billion currently.
2. The knit sector has a more complete value chain as 95% of fabrics and accessories are sourced locally, while the woven sector relies on 85% imported fabrics.
3. Both sectors would benefit from further developing backward linkages to reduce costs and lead times.
Digital Artifact
Bangladesh is a developing nation. It is a country with few large and some moderate size industries of different kinds. Among these, the industry that has been making stringent contribution to develop the country and its economy is none other than the Ready-made Garment (RMG) industry which is now the single biggest export earner for Bangladesh. The sector contributes significantly to the GDP. Bangladesh RMG Industry has played important role by creating employment opportunities for the poor mainly women from low income families and uneducated people who were previously engaged with the traditional agriculture sector. So my target audiences are policy makers, government agencies, and donor agencies of this RMG sector.
Rmg sector past present & future
This document discusses employee satisfaction levels in the Ready Made Garments (RMG) sector in Bangladesh. It provides background on the growth of the RMG industry and discusses key factors that impact employee satisfaction, such as wages, working conditions, and relationships with supervisors. The literature review examines previous research on employee satisfaction and productivity in the garments industry. The objectives are to assess satisfaction levels among garment employees, identify the major factors affecting satisfaction, and examine how employees are treated. The methodology section outlines the data collection process, including surveys of RMG workers in Dhaka to measure satisfaction levels.
The opportunity and challenges of Bangladesh RMG Sector in next Five Years
This document provides an overview of the opportunities and challenges facing Bangladesh's ready-made garment (RMG) sector over the next five years. It discusses how the RMG sector has been a major driver of Bangladesh's economic growth, contributing significantly to GDP and exports. However, it also faces challenges such as ensuring improved workplace safety standards following several accidents. The document analyzes data suggesting the sector could see continued export growth of 7-9% annually through 2020 if it can successfully address issues like developing infrastructure and workforce skills. Overall, the RMG sector remains crucial to Bangladesh's economy but must overcome challenges to realize its full potential for growth.
Biswas15
1. The document summarizes Bangladesh's garment export industry and its growth over the past few decades, which now accounts for over 75% of the country's exports.
2. It discusses the potential impacts of the phaseout of the Multi-Fibre Arrangement quotas at the end of 2004, including possible job losses in the garment industry.
3. The government of Bangladesh took several measures to address these challenges, including training programs, a displaced workers program, and establishing a Social Compliance Forum to address labor standards issues raised by importers.
Prospects of Textile Sector in BANGLADESH
This document provides an overview of Bangladesh's textile sector, including its history and current state. Some key points:
- Bangladesh has a long and glorious history in textiles such as muslin, dhakai, and jamdani fabrics. It is currently the second largest exporter of jute and a major producer of silk.
- The textile sector is the largest export industry, making up 80% of Bangladesh's total exports and 13% of GDP. Ready-made garments (RMG) make up over 73% of total textile exports.
- The sector employs over 3.5 million people directly and many more indirectly. However, it faces issues like low wages, lack of safety
Ready Made Garments (RMG) in International Market
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.
A study on the knitwear industry of bangladesh
This presentation provides an in depth look into the Knitwear industry of Bangladesh, and relate the concepts and theories of managerial economics with the findings regarding both the overall industry and some of its major players.
Strength & weakness of Textile Sector
This document provides an overview of the strengths and weaknesses of Bangladesh's textile sector, with a focus on the ready-made garment industry. It discusses the history and growth of the sector since Bangladesh gained independence in 1971. While the garment industry has been very successful in providing jobs and exports, it faces challenges such as low wages, lack of labor protections, and low productivity compared to other countries. However, the sector remains important and there are opportunities to expand exports through market and product diversification. With continued improvements, the future of Bangladesh's textile industry remains promising.
Rmg sector of bangladesh
This presentation provides an overview of Bangladesh's ready-made garments sector. It discusses the sector's history and growth since the 1970s. Currently, there are over 5,600 factories employing around 4 million workers, mostly women. The sector accounts for around 80% of Bangladesh's total exports and has helped the country become the second largest apparel exporter in the world. However, the sector also faces challenges such as infrastructure and safety issues, as evidenced by the 2013 Rana Plaza building collapse that killed over 1,000 people. The government has since taken initiatives to improve workplace safety standards and regulations in the industry.
Mgt3035 140324095346-phpapp01
The garment industry in Bangladesh grew tremendously in the 1980s due to cheap labor costs and government support. Exports increased, with ready-made garments and knits becoming the primary export. By 2013, over 3 million people, mostly women, were employed in the industry, which accounts for around 75% of export revenue. To remain competitive, Bangladesh needs to reduce production time by improving infrastructure and backward linkages to minimize lead times. The government has established export processing zones to enhance growth and attract foreign investment.
Business and competitive_analysis_of_rmg_industry_of_bangladesh (2)
This document provides a strategic analysis of the ready-made garments industry in Bangladesh. It begins with an executive summary that outlines the industry's significant contributions to Bangladesh's GDP and exports as well as employment. It then analyzes the industry using PEST, Porter's Five Forces, and SWOT frameworks. The PEST analysis examines political, economic, social and technological factors affecting the industry. Porter's Five Forces analyzes competitive rivalry, supplier and customer bargaining power, and threats of substitution. Finally, the SWOT analysis identifies the industry's strengths, weaknesses, opportunities, and threats. Overall, the document strategically evaluates the ready-made garments industry in Bangladesh through multiple lenses.
Global competition in rmg related industry and bangladeshs present position
This document discusses the history and role of the ready-made garment (RMG) sector in Bangladesh. It provides background on the growth of RMG factories and workers since the sector emerged in the late 1970s. Some key points:
- The RMG sector has grown exponentially and is now the largest export industry and foreign currency earner for Bangladesh. It employs over 4 million workers, around 90% of whom are women.
- The sector has contributed significantly to GDP growth and reducing unemployment in Bangladesh as the population grows. It has also helped develop other industries like banking and transportation.
- While RMG has boosted the economy, the sector still faces challenges like an unskilled workforce, infrastructure issues, high costs
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Rmg sector of bd
The ready-made garments (RMG) sector is the leading industry in Bangladesh in terms of foreign currency earnings, contributing over 80% of total export earnings and 16% of GDP. There are over 6000 garment factories employing around 4 million workers, 80% of whom are female. The RMG industry exports knit and woven garments to over 180 countries worldwide, with major importers being the European Union, Canada, and the United States. However, the sector also faces challenges such as poor infrastructure, low technology usage, and safety issues, evidenced by the 2013 Rana Plaza factory collapse that killed over 1200 people. The government and organizations are working to address these issues and strengthen the industry.
Ready made garments of 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.
RMG Market All Over The World
The garment industry has been a major driver of Bangladesh's economy and exports for decades. It now employs over 4 million workers but faces challenges related to labor issues and unrest over low wages and working conditions. Despite problems, the industry remains resilient and Bangladesh's competitiveness in low costs is expected to allow it to play a continued significant role in the global apparel market.
Economic of RMG sector
The readymade garments industry is the backbone of Bangladesh's economy, accounting for over 80% of export earnings and employing millions of people. It began in the 1980s and has transformed Bangladesh from one of the poorest countries to a middle income country with an average 6% GDP growth rate. The industry started when Bangladesh's jute industry declined and entrepreneurs like Nurool Quader Khan sent trainees to South Korea to learn garment production techniques, establishing the foundation of the modern RMG sector. Bangladeshi RMG products have gained a prestigious global brand and helped develop the country using its limited resources.
Swot analysis of textile sector for bangladesh
The document provides a SWOT analysis of the textile sector in Bangladesh. It identifies several strengths, including low labor costs, accessible infrastructure, and government support for foreign investment. Weaknesses include a reliance on imported raw materials, low productivity, and inefficient ports. Opportunities lie in expanded export markets and potential to move into higher value products. Threats include competition from China and potential trade barriers related to labor standards and environmental regulations. The analysis concludes that a SWOT framework can help identify strategies to address weaknesses and threats facing the industry.
Bangladesh Garment Industry
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.
Strength of Textiles In Bangladesh Perspective
The document summarizes the textile industry in Bangladesh, including its history, current state, and future opportunities and challenges. It notes that Bangladesh currently has over 4,800 garment factories and exports over $20 billion worth of garments annually, accounting for 78% of the country's total exports. However, it mainly produces low-cost basic items and lags behind competitors in product diversification. The document discusses new technologies that could be applied to textiles, such as smart textiles that change properties in response to environmental conditions. It predicts Bangladesh's garment exports will triple in size over the next 10 years if it focuses on innovation, but will need to develop more advanced and fashion-oriented products to strengthen its industry.
Rmg
The document discusses the ready-made garments (RMG) sector in Bangladesh. It provides:
1) A brief history of the RMG sector in Bangladesh, noting it was first established in the 1960s and exported shirts to European markets. By the 1970s, there were 9 major exporting industries.
2) Details on the current situation of the RMG sector, including there being over 5000 garment factories currently employing millions, with the sector being the largest export earner valued at over $24 billion last year.
3) An overview of the contribution and opportunities for the RMG sector in Bangladesh, with the sector providing about 76% of total export earnings and benefiting from factors like vast labor forces and government
Contribution of rmg sector in economic growth of BD
The document discusses the contribution of the ready-made garment (RMG) sector to Bangladesh's economic growth. It finds that the RMG sector contributes significantly to GDP, exports, employment, and women's empowerment. It employs around 4.5 million workers, mostly women, and accounts for around 75-80% of the country's total exports. The sector has been a major driver of Bangladesh's economic growth over the past two decades.
History of garments in Bangladesh
1. Bangladesh's textile industry is a major economic driver, especially garment exports which have grown from $1 million in 1978 to over $20 billion currently.
2. The knit sector has a more complete value chain as 95% of fabrics and accessories are sourced locally, while the woven sector relies on 85% imported fabrics.
3. Both sectors would benefit from further developing backward linkages to reduce costs and lead times.
Digital Artifact
Bangladesh is a developing nation. It is a country with few large and some moderate size industries of different kinds. Among these, the industry that has been making stringent contribution to develop the country and its economy is none other than the Ready-made Garment (RMG) industry which is now the single biggest export earner for Bangladesh. The sector contributes significantly to the GDP. Bangladesh RMG Industry has played important role by creating employment opportunities for the poor mainly women from low income families and uneducated people who were previously engaged with the traditional agriculture sector. So my target audiences are policy makers, government agencies, and donor agencies of this RMG sector.
Rmg sector past present & future
This document discusses employee satisfaction levels in the Ready Made Garments (RMG) sector in Bangladesh. It provides background on the growth of the RMG industry and discusses key factors that impact employee satisfaction, such as wages, working conditions, and relationships with supervisors. The literature review examines previous research on employee satisfaction and productivity in the garments industry. The objectives are to assess satisfaction levels among garment employees, identify the major factors affecting satisfaction, and examine how employees are treated. The methodology section outlines the data collection process, including surveys of RMG workers in Dhaka to measure satisfaction levels.
The opportunity and challenges of Bangladesh RMG Sector in next Five Years
This document provides an overview of the opportunities and challenges facing Bangladesh's ready-made garment (RMG) sector over the next five years. It discusses how the RMG sector has been a major driver of Bangladesh's economic growth, contributing significantly to GDP and exports. However, it also faces challenges such as ensuring improved workplace safety standards following several accidents. The document analyzes data suggesting the sector could see continued export growth of 7-9% annually through 2020 if it can successfully address issues like developing infrastructure and workforce skills. Overall, the RMG sector remains crucial to Bangladesh's economy but must overcome challenges to realize its full potential for growth.
Biswas15
1. The document summarizes Bangladesh's garment export industry and its growth over the past few decades, which now accounts for over 75% of the country's exports.
2. It discusses the potential impacts of the phaseout of the Multi-Fibre Arrangement quotas at the end of 2004, including possible job losses in the garment industry.
3. The government of Bangladesh took several measures to address these challenges, including training programs, a displaced workers program, and establishing a Social Compliance Forum to address labor standards issues raised by importers.
Prospects of Textile Sector in BANGLADESH
This document provides an overview of Bangladesh's textile sector, including its history and current state. Some key points:
- Bangladesh has a long and glorious history in textiles such as muslin, dhakai, and jamdani fabrics. It is currently the second largest exporter of jute and a major producer of silk.
- The textile sector is the largest export industry, making up 80% of Bangladesh's total exports and 13% of GDP. Ready-made garments (RMG) make up over 73% of total textile exports.
- The sector employs over 3.5 million people directly and many more indirectly. However, it faces issues like low wages, lack of safety
Ready Made Garments (RMG) in International Market
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.
A study on the knitwear industry of bangladesh
This presentation provides an in depth look into the Knitwear industry of Bangladesh, and relate the concepts and theories of managerial economics with the findings regarding both the overall industry and some of its major players.
Strength & weakness of Textile Sector
This document provides an overview of the strengths and weaknesses of Bangladesh's textile sector, with a focus on the ready-made garment industry. It discusses the history and growth of the sector since Bangladesh gained independence in 1971. While the garment industry has been very successful in providing jobs and exports, it faces challenges such as low wages, lack of labor protections, and low productivity compared to other countries. However, the sector remains important and there are opportunities to expand exports through market and product diversification. With continued improvements, the future of Bangladesh's textile industry remains promising.
Rmg sector of bangladesh
This presentation provides an overview of Bangladesh's ready-made garments sector. It discusses the sector's history and growth since the 1970s. Currently, there are over 5,600 factories employing around 4 million workers, mostly women. The sector accounts for around 80% of Bangladesh's total exports and has helped the country become the second largest apparel exporter in the world. However, the sector also faces challenges such as infrastructure and safety issues, as evidenced by the 2013 Rana Plaza building collapse that killed over 1,000 people. The government has since taken initiatives to improve workplace safety standards and regulations in the industry.
Mgt3035 140324095346-phpapp01
The garment industry in Bangladesh grew tremendously in the 1980s due to cheap labor costs and government support. Exports increased, with ready-made garments and knits becoming the primary export. By 2013, over 3 million people, mostly women, were employed in the industry, which accounts for around 75% of export revenue. To remain competitive, Bangladesh needs to reduce production time by improving infrastructure and backward linkages to minimize lead times. The government has established export processing zones to enhance growth and attract foreign investment.
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Contribution of rmg sector in economic growth of BD
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Similar to Global value chain and RMG sector of Bangladesh
Business and competitive_analysis_of_rmg_industry_of_bangladesh (2)
This document provides a strategic analysis of the ready-made garments industry in Bangladesh. It begins with an executive summary that outlines the industry's significant contributions to Bangladesh's GDP and exports as well as employment. It then analyzes the industry using PEST, Porter's Five Forces, and SWOT frameworks. The PEST analysis examines political, economic, social and technological factors affecting the industry. Porter's Five Forces analyzes competitive rivalry, supplier and customer bargaining power, and threats of substitution. Finally, the SWOT analysis identifies the industry's strengths, weaknesses, opportunities, and threats. Overall, the document strategically evaluates the ready-made garments industry in Bangladesh through multiple lenses.
Global competition in rmg related industry and bangladeshs present position
This document discusses the history and role of the ready-made garment (RMG) sector in Bangladesh. It provides background on the growth of RMG factories and workers since the sector emerged in the late 1970s. Some key points:
- The RMG sector has grown exponentially and is now the largest export industry and foreign currency earner for Bangladesh. It employs over 4 million workers, around 90% of whom are women.
- The sector has contributed significantly to GDP growth and reducing unemployment in Bangladesh as the population grows. It has also helped develop other industries like banking and transportation.
- While RMG has boosted the economy, the sector still faces challenges like an unskilled workforce, infrastructure issues, high costs
A CASE STUDY ON CONSTRAINTS AFFECTING THE PRODUCTIVITY OF READYMADE GARMENT (...
The success of Readymade garment (RMG) exports from Bangladesh over the past few decades has
reached to an unprecedented height and sometimes it goes beyond optimistic expectations compared to any
other sectors in the country. Being one of the lucrative multibillion dollar industries, it has provided more
than 4.0 million employment opportunities and ensured women empowerment. It has brought the fortune to
rural women communities and they have become independent by themselves. The garment industry in
Bangladesh faces a number of challenges including fallacious working condition, dearth of safety, political
turbulence and, low remuneration. To sustain in the competitive global market, management has to identify
the prime key opportunities and identify any threats. This study was conducted to analyze the prospects and
constraints of Bangladesh RMG industry using well known multi-criteria decision making (MCDM) method
namely analytic hierarchy process (AHP). To judge the model, data was collected through the focus group
discussion and key informant interviews with the managers of three different garment industries situated in
Gazipur, Bangladesh. The findings of the study showed that “unsound working condition” among several
challenges affects workers working capability and productivity severely. The study recommends that
through proper identification and taking corrective measures against the challenges by the management of
RMG sector, Bangladesh has the opportunity to be the market leader in this sector.
Current Scenario Analysis of RMG.pdf
The document summarizes the ready-made garments (RMG) industry in Bangladesh. It states that the RMG sector has emerged as a key export industry since the 1970s, accounting for around 85% of Bangladesh's total export earnings and employing over 1.5 million workers. The sector benefits from having an abundant and cheap workforce that is easily trainable. While the industry has grown significantly, it faces challenges in adopting new technologies and ensuring proper working conditions. The document provides background on the origins and growth of the RMG sector as the largest exporting industry in Bangladesh and outlines the objectives of the study, which include analyzing the industry and relating knowledge to practical experience.
Contribution of rmg in the national economy of bangladesh
This paper investigated the Contribution of RMG to the National Economy of Bangladesh. The understanding between the buyer and supplier is now better than before. At present, Bangladesh is the world-second largest apparel exporter. If the growth continues, within a few years Bangladesh will be the world-largest apparel exporter.
An Internship report on Concorde Garments Group
An Internship Report on ‘Concorde Garments Group’
and topic “How to run an Export Oriented RMG factory and why worker unrest happening in Bangladesh”
Socio-Economic Factors of Readymade Garments Workers in Bangladesh
Readymade garment industry is the prime sector of foreign earnings of Bangladesh. There are more than 4,500 garment companies are operating in Bangladesh. More than 80% of the foreign earnings are coming from this sector. At present, four million workers are working in this sector in which 90% are rural women. It is claimed by the employers that the garment companies have helped to develop the socio-economic status of the rural women employed in this sector. Hence, this paper aims at identifying the socio-economic status factors of the garment workers of Bangladesh. This study suggests that housing, water and sanitation conditions, medical facilities and first aid treatment, wages, social status, adaptation of cultural values and norms, attachment with labor unions, ownership arrangement, leave with pay and overtime are significantly related to the socio-economic status of the garments workers of Bangladesh. This study recommends that the measures for improving the socio-economic status of the women workers are related to the improvement of their housing conditions, education, health and sanitation, and the favorable service rules for the women workers.
2019 ptak 100% (industry 4.0 and the bangladesh apparel sector)
Ptak Case 2019: Benefiting from Industry 4.0 by aligning time befitting supply chain of the future for Bangladesh Apparel Industry.
Submission for ISCEA PTAK Prize Global Case Competition
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MTBiz August 2017
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Report on RMG Industry in Bangladesh.
This document is a strategic management report on the ready-made garments (RMG) industry in Bangladesh. It begins with an introduction to the importance and growth of the RMG sector in Bangladesh. It then provides an external analysis, including a PEST analysis examining the political, economic, social and technological environment. It also performs a five forces analysis, finding competitive rivalry between existing players and low bargaining power of suppliers. The document then analyzes internal factors like core competencies, SWOT analysis, strategies and success factors of the industry. It concludes the industry has been very successful but also faces threats that must be addressed.
RMG sector in Bangladesh
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 121214035636-phpapp02
The document discusses the ready-made garment industry in Bangladesh. It began growing in the late 1980s and now employs around 1.5 million workers, accounting for 13% of Bangladesh's GDP. The expansion of the industry has significantly increased women's participation in the workforce and economic empowerment. However, the industry faces challenges including infrastructure issues, dependence on imported materials, and risks of political and economic instability. The document recommends improving infrastructure, education, materials sourcing, labor standards, and management skills to strengthen Bangladesh's garment industry.
How are factory owners coping with the covid 19 effect on cancellation of RMG...
The study has made on descriptive research, is conducted to identify how are factory owners coping with the Covid-19 effect on cancellation of RMG export. To come up with the result, researchers were not required to visit the factory. For this reason,
researchers have ignored the direct data collection and surveys. Consequently, the
research technique has relied based on information from secondary sources. Those
data collected through Journals, Research articles, Thesis papers, newspapers case
studies, online news paper and survey reports, garments Manufacturing Industries
Annual reports, BGMEA Yearly report and Files. The data was collected basically
through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information
Impact of covid 19 on the rmg export scenario of bangladesh
The study has made on descriptive research, is conducted to identify different dimension of Impact of Covid-19 on the RMG export scenario of Bangladesh. To come up with the result, researchers were not required to visit the factory. For this reason, researchers have ignored the direct data collection and surveys. Consequently, the research technique has relied based on information from secondary sources. Those data collected through Journals, Research articles, Thesis papers, newspapers case studies, online news paper and survey reports, garments Manufacturing Industries Annual reports, BGMEA Yearly report and Files. The data was collected basically through skimming ad scanning out the findings of different secondary source. After the completion of the data collection descriptive analyses was used illustrate the data. This study did not use any unethical means to collect information.
Present Situation of BD RMG
The document provides an overview of Bangladesh's textile industry, including its structure, major sectors, current state, future prospects, challenges and the importance of the industry. It notes that the textile industry consists of spinning, weaving, knitting and other sectors. Currently there are over 5,000 garment factories employing over 3.6 million people. The industry faces challenges like inconsistent energy supply and environmental issues but has opportunities to grow further due to rising demand and low labor costs. The textile industry contributes over 80% of Bangladesh's total exports and over 7% to GDP, playing a vital role in the national economy.
Economic growth of Bangladesh based on Garments industries.pptx
A slide regarding the Bangladesh RMG (ready-made garments) sector. Here we describe a summary . RMG exports reached $38.57 billion during the July-April of 2022-23 fiscal year, reflecting a 9.09% increase compared to the same period in the previous fiscal year, according to the Export Promotion Bureau (EPB).
A detailed breakdown of the various categories indicated that knitwear exports reached $20.96 billion, while woven garment exports became $17.60 billion with 8.97% and 9.24% year-over-year growth respectively. Overall, it's a sign of a steady growth in Bangladesh's overall RMG export earnings.
Regardless of the overall positive trend, a more detailed inspection of single month statistics reveals a recent decline in apparel export growth.In April, the country's RMG exports observed a significant decline of 15.48%, amounting to $3.32 billion compared to April 2022.
The amalgamation of these declines contributed to the overall descending trend in recent months, which stands in contrast to the otherwise positive trajectory for the mentioned period in 2022-23 fiscal year, said Mohiuddin Rubel, director of BGMEA and additional managing director of Denim Expert Limited."Our target was $46.80 billion, and we had to ensure a 9.83% growth. There are two months left in this financial year, so in these two months, we have to meet the target of about $8 billion," he said.
"In April, our export target was $4.07 billion against $3.32 billion target. We exported 18.40% less than our target this month. And compared to this month last year, our exports decreased by 15.48%. This is the lowest single month export this year."
"The reason for this is that we had fewer working days due to Eid. Exports are less in that month due to the general Eid holidays. Another trend that has been going on is our exports were down last month compared to other months," said Rubel."We realised that our capacity was dwindling. In continuation of that trend, exports have declined this month as well. We have seen negative trends in the Eid holidays," he added.
"However, it will be clear in the coming month whether this negative trend is due to the impact of the Eid holidays or because of the negative trend that we have been seeing," Rubel said.
"Hopefully, we will be able to meet the remaining targets in the coming months," he added.
Green Revolution in Ready Made Garments in Bangladesh: An Analytical Study
Bangladesh, a small south Asian country, holds the second position in the world of exporting readymade garments (RMG). Here locate the highest number of green RMG factories in the world. Green industrialization is the positive symbol of sustainable development. This paper represents an impressive illustration of the scenario of RMG industries in Bangladesh especially the growth, contribution to export and the success of LEED (Leadership in Energy and Environmental Design) recognized Platinum, Gold and Silver factories. This paper also represents the success of green revolution in RMG industries in Bangladesh and recommends some suggestions to convert the traditional industries to green industries where the industries are not only for making profit but also committed to provide good working environment for employee, eco-friendly and ethical business practice.
Green Revolution in Ready Made Garments in Bangladesh: An Analytical Study
This document discusses the growth of green industries in Bangladesh's ready-made garments sector. It notes that Bangladesh now has the highest number of green factories in the world, with 90 factories certified under the LEED rating system and 250 more registered for certification. The green revolution in Bangladesh's garments industry has led to numerous benefits like reduced pollution, more sustainable development, and improved working environments for employees. The document analyzes factors driving this green transformation and recommends further steps to convert traditional factories into greener operations.
RMG of Bangladesh
The ready made garment industry in Bangladesh started contributing significantly to the economy in the late 1970s and has since grown at a rate of around 22% per year. It now accounts for 13% of Bangladesh's GDP and employs over 1.5 million workers, most of whom are women. While the industry has brought economic opportunities, it faces challenges such as inadequate infrastructure, high raw material costs, and political instability that could threaten its continued growth.
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Contribution of rmg in the national economy of bangladesh
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Global value chain and RMG sector of Bangladesh
- 1. Value Chain and RMG sector of Bangladesh
- 2. Target Audience The policy makers of Bangladesh Trade experts Global Brands
- 3. What is GVC? A global value chain (GVC) is the series of stages in the production of a product or service for sale to consumers. Each stage adds value, and at least two stages are in different countries.
- 4. Share of RMG sector in total export of Bangladesh In 1983 it was 3.89% of RMG’s to total export , while in 2019 it is 83%. In 2020 amount of RMG export is 27949.19 ( US million dollar) Figure :Bangladeshi clothing exports 1989–2013 ($ms). Source: ITC Trade Map. Mirror data
- 5. Effects of RMG dominated GVC in Bangladesh economy RMG Sector has emerged as the single most important contributor towards employment generation, income and foreign earning, and growth of Bangladeshi economy. country’s ready-made garment industry employs 3.6 million people, 53 percent of whom are women.
- 6. Effects of RMG dominated GVC in Bangladesh economy In fiscal year (FY) 2017-2018, the percentage of ready-made garments (RMG) contribution to gross domestic product (GDP) is 12.26% but it was only 2.74% in FY 1990-199. The share of people in extreme poverty from 44 percent to 15 percent in 2016
- 7. Effects of RMG dominated GVC in Bangladesh economy
- 8. Major destination of RMG exports from Bangladesh in 2018
- 9. Challenges of RMG sector in Bangladesh Unskilled worker and unrest among workers regarding wages Insufficient infrastructure Safety issue Raw materials Energy crisis
- 10. policy suggestions To develop productivity and efficiency level, capacity building training for employers and workers in RMG sector should be undertaken. The government should increase minimum wage level. Global brands have a moral and ethical responsibility to exercise their collective power to that effect and to improve labor conditions and broader governance of the factories with whom they have commercial relationships.
- 11. Policy suggestions RMG owners must pay adequate attention to workers welfare, safety, and health, and the buyers should help to increase the supply chain’s efficiency through investment in backward industry. Multi-modal transport facilities, sound infrastructure facilities including consistent supply of energy through public-private initiatives is to be set up.
- 12. References o World Bank Report 2020: Trading for Development in the age of Global value chains. o Islam, M.S., Rakib, M.A. and Adnan, A., 2016. Ready-made garments sector of Bangladesh: Its contribution and challenges towards development. Stud, 5(2). o Mia,S.,Akter,M.,2019. Ready-Made Garments Sector of Bangladesh: Its Growth, Contribution and Challenges . o Islam, M.S., 2020. Ready-made garments exports earning and its contribution to economic growth in Bangladesh. GeoJournal, pp.1-9. Uramoto, Y. and Nachum Prof, L., 2018. Corporate Governance & Sustainability of the Global Value Chain: Bangladesh Ready-Made Garment Industry Post-Rana Plaza investigation into fairness of value appropriation by global apparel brands, manufacturers and labour.
- 13. Thank you