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1. Presentation on
Overview of RMG sector in Bangladesh
ID: 181-23-5270
Course Code: HUM-333
Course Name: Economics for Textile Engineer
1

2. Index: Introduction
01
Turnover
02
Problems
03Reason behind development of
RMG sector
04
Export ranking
05
06
07
Opportunities
Conclusion 2

3. Introduction:
• On of the most important industries
in Bangladesh.
• Providing solution to 4million people
unemployment crisis.
• Playing a lead role in GDP as well as
financial development of a country.
• Performing noticeable contribution in
women empowerment.
3

4. Introduction:
84.29% Export percentage in 2014-15
3rd in RMG exporters
1st
2nd
3rd Vietnam
China
Bangladesh
85% Women
worker
Textile84.29%
Other7.16%
Jute2.78%
Lether2.07%
Agriculture1.88%
Frozenfood1.82%
4

5. 1 million US$
2007
10.7 billion US$
2013
21.5 billion US$
Turnover:
AND STILL
GOING
STRONG!
1978
5

6. Reason behind development of RMG sector:
RELIABILITY
More than 35 years of
experience and reputation.
FACILITY
Duty and quota free access
in most of the developed
countries as well as GSP in
EU.
EFFICIENCY
Vast population with high
stitching capacity.
Eco- Friendly
Rapid adoption of environment
friendly, energy efficient and
green concepts.
6

7. • Lower SME prices compare to other
countries.
Reason behind development of
RMG sector:
Price value US$ (2018)
Country Value/ square meter
equivalent
Value/100kg
Turkey 7.38 2586.82
China 2.35 1878.19
Thailand 2.88 3180.19
Indonesia 2.81 2524.87
Myanmar 3.08 1873.63
Bangladesh 2.79 1515.95
Cambodia 2.39 1930.71
Vietnam 3.28 2545.63
Ethiopia 2.45 1410.33
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8. • Lower labor price.
Reason behind development of
RMG sector:
Country Minimum wage in US$ Per capita
income in
US$
Ethiopia 35 740
Myanmar 42 1190
Bangladesh 69 1470
India 79 1820
Indonesia 98 3540
Vietnam 113 2170
China 155 8690
8

9. Problems:
•Only few factories offer quality woven fabric.
•Absence in development of spinning industry.
•Political, social, worker unrest.
•Lack of skilled worker.
•Weak structure in practical production
efficiency, product development, quality
controlling and marketing skill.
9

10. 11.7%
Export ranking:
China
Vietnam
Bangladesh
India
Year-2020
China
Vietnam
Bangladesh
Year-2018
10

11. Opportunities:
• Due to US-China trade war many Chinese
industries are considering Bangladesh as a
competitive destination to relocate their
plants. Due to cheap labor cost many sunrise
industries are already trying to shift their
business here in our country.
• Many spinning industries have started
different diversified yarn production which will
facilate in reducing fabric price majorly in
future.
11

12. Conclusion:
As a developed country like Bangladesh RMG
sector is playing a major role as helping hand
in prospect of this country . Also most of RMG
here are in OEM phase so there still a ray of
hope for us to improve this sector much
further and earn more profit from it.
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13. 13
Thank you