3. 1.Introduction
2.History of RMG sector in Bangladesh
3.Present situation of RMG sector
4. Contribution of RMG sector in
Bangladesh
5.Oppurtunity of RMG sector
6.Challenges of RMG sector
7.Hopping for RMG sector of
Bangladesh and
8.Conclusion.
4. Introduction:
• The economy of Bangladesh is significantly
dependent on agriculture. But its a great news
for the country that,readymade
garments (RMG) sector of Bangladesh has
raised as the biggest earner of foreign
currency.
5. History of RMG sector in Bangladesh
• The foundation of textile sector was first
established in the 60th decade of 19th
century. For the first time, the industry
exported shirts (Mercury shirt) to the
European market in 1965-66.
6. History of RMG sector in Bangladesh
• In the latter, 9 exporting industries were
available in 1977-78. The three largest
industries in that time.
*Riaz Garments
*Jewel Garments
*Paris Garments
At the same time, several garments were
introduced such as-Desh Garments,Stylecraft
limited, Aristocraft limited, Azim Group and
Sunman Group.
7. Present Situation of RMG Sector in
Bangladesh:
• In RMG sector of Bangladesh, there are more than
5000 garment factories (private statistics) at the
current time.But, according to BGMEA the number of
garment factories in Bangladesh around 4000. Now,
RMG industry is the countries largest export earner
with the value of over $24.49bn of exports in the last
financial year.
8. Present Situation of RMG Sector in
Bangladesh:
• The ready made garments are classified into
two broad categories.
1)Woven products and
2)Knitted products.
9. Contribution of RMG sector in
Bangladesh:
About 76% of total export earnings come from RMG
sector. From a statistics it will be known
10. Opportunity of RMG Sector in
Bangladesh:
RMG sector of Bangladesh has some key factors which
inspired for steady growth of this sector.
• The mian key fcactors which has great influence on RMG sector of
Bangladesh are in the following:
• Vast labour force,
• Skilled human resources,
• Technological upgrades,
• Government supports for textile and clothing,
• Special economic/export processing zones,
• Creation of textile and clothing villages,
• Incentive for use of local inputs,
• Duty reduction for the import of inputs/machines,
• Income tax reduction and
• International supports.
11. Opportunity of RMG Sector in
Bangladesh:
• But there’s some another key factors If we apply
those key factors in our readymade garments
sector, then we will achieve the first priority to
the worlds famous buyers note book.
• Those key factors are-
• Cost Effective Strategy,
• New Product Development strategy,
• Product Diversification Strategy and
• Market Diversification Strategy.
12. Challenges for RMG Sector of
Bangladesh:
• Two major incidents in RMG sector of
Bangladesh are the Tazreen fire and the Rana
Plaza collapse, which have brought the issue
of workplace safety to the fore and led all
stakeholders to act accordingly.
• Also BGMEA and BKMEA are working together
here to solve such kinds of problems. They
have also taken necessary actions and
invested huge amount of money.
14. Conclusion:
• 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 from
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.