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.
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.
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).
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.
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.
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).
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.
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.
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.
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.
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 !
Indian Textile Industry: Opportunities, Challenges and SuggestionsCrimsonpublishersTTEFT
The Indian textile industry is highly fragmented and labor-intensive. The textile industry is being dominated by unorganized sector and Small and
medium industries. The foreign investors are not investing in the textile sector which is also one of the areas of concern. The government policies and
tax structure are not favoring this industry textile industry is highly competitive and the present situation demands the companies to benchmark their
products with the best in the world and try to upgrade the quality and production processes. The paper tries to provide insights into the Indian textile
industry. The article attempts to explain the opportunities, challenges and suggestions
History of apparel industry in bnagladeshLiton Ahmed
Once the cloth of Bangladesh achieved worldwide fame specially muslim and jamdani cloth or our country was used as the luxurious garments of the royal figures in Europe and other countries. The British rulers in India didn’t develop our cloth industries at all. Rather they destroyed them and imported cloths from England.
Garment Industry Large-scale production of readymade garments (RMG) in organized factories is a relatively new phenomenon in Bangladesh. Until early sixties, individual tailors made garments as per specifications provided by individual customers who supplied the fabrics. The domestic market for readymade garment, excepting children wears and men's knit underwear (genji) was virtually non-existent in Bangladesh until the sixties.
Since the late 1970s, the RMG industry started developing in Bangladesh primarily as an export-oriented industry although; the domestic market for RMG has been increasing fast due to increase in personal disposable income and change in life style. The sector rapidly attained high importance in terms of employment, foreign exchange earnings and its contribution to GDP.
Most importantly, the growth of RMG sector produced a group of entrepreneurs who have created a strong private sector. Of these entrepreneurs, a sizeable number is female.
The hundred percent export-oriented RMG industry experienced phenomenal growth during the last 15 or so years. there were few export garment manufacturing units, which generated export earnings of hardly one million dollar. Some of these units were very small and produced garments for both domestic and export markets.
Reaz garment was first garments which was started as tailoring shops. It changed its name and become Reaz garments limited. Desh Garments was also the first hundred percent export-oriented company. It had about 120 operators including 3 women trained in South Korea, and with these trained workers it started its production in early 1980. Trexim Ltd. In 1980. Bangladeshi partners contributed 51% of the equity of the new firm, named Youngones Bangladesh. It exported its first consignment of padded and non-padded jackets to Sweden in December 1 At present there are about 5000 garment industries in the country and 75 percent of them are in Dhaka. The rest are in Chittagong and Khulna. These Industries have employed fifty lacks of people and 85 percent of them are illiterate rural women. About 76 percent of our export earning comes from this sector.
Che cos'è una rete sociale, come nasce, a che cosa serve, come si trasforma in una rete creativa...
Il volume di Giuseppe RIva "I social network" pubblicato dal Mulino, Bologna.
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.
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.
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.
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 !
Indian Textile Industry: Opportunities, Challenges and SuggestionsCrimsonpublishersTTEFT
The Indian textile industry is highly fragmented and labor-intensive. The textile industry is being dominated by unorganized sector and Small and
medium industries. The foreign investors are not investing in the textile sector which is also one of the areas of concern. The government policies and
tax structure are not favoring this industry textile industry is highly competitive and the present situation demands the companies to benchmark their
products with the best in the world and try to upgrade the quality and production processes. The paper tries to provide insights into the Indian textile
industry. The article attempts to explain the opportunities, challenges and suggestions
History of apparel industry in bnagladeshLiton Ahmed
Once the cloth of Bangladesh achieved worldwide fame specially muslim and jamdani cloth or our country was used as the luxurious garments of the royal figures in Europe and other countries. The British rulers in India didn’t develop our cloth industries at all. Rather they destroyed them and imported cloths from England.
Garment Industry Large-scale production of readymade garments (RMG) in organized factories is a relatively new phenomenon in Bangladesh. Until early sixties, individual tailors made garments as per specifications provided by individual customers who supplied the fabrics. The domestic market for readymade garment, excepting children wears and men's knit underwear (genji) was virtually non-existent in Bangladesh until the sixties.
Since the late 1970s, the RMG industry started developing in Bangladesh primarily as an export-oriented industry although; the domestic market for RMG has been increasing fast due to increase in personal disposable income and change in life style. The sector rapidly attained high importance in terms of employment, foreign exchange earnings and its contribution to GDP.
Most importantly, the growth of RMG sector produced a group of entrepreneurs who have created a strong private sector. Of these entrepreneurs, a sizeable number is female.
The hundred percent export-oriented RMG industry experienced phenomenal growth during the last 15 or so years. there were few export garment manufacturing units, which generated export earnings of hardly one million dollar. Some of these units were very small and produced garments for both domestic and export markets.
Reaz garment was first garments which was started as tailoring shops. It changed its name and become Reaz garments limited. Desh Garments was also the first hundred percent export-oriented company. It had about 120 operators including 3 women trained in South Korea, and with these trained workers it started its production in early 1980. Trexim Ltd. In 1980. Bangladeshi partners contributed 51% of the equity of the new firm, named Youngones Bangladesh. It exported its first consignment of padded and non-padded jackets to Sweden in December 1 At present there are about 5000 garment industries in the country and 75 percent of them are in Dhaka. The rest are in Chittagong and Khulna. These Industries have employed fifty lacks of people and 85 percent of them are illiterate rural women. About 76 percent of our export earning comes from this sector.
Che cos'è una rete sociale, come nasce, a che cosa serve, come si trasforma in una rete creativa...
Il volume di Giuseppe RIva "I social network" pubblicato dal Mulino, Bologna.
The readymade garments (RMG) sector in Bangladesh is an important sector of the nation's economy that gives employment to about 1.5 million workers and earns about 86% of total foreign exchange. Considering the vital contribution of the garment industry. There are about 4500 garments & 1000 Buying house in Bangladesh. Bangladeshi garments needs thousands of technically competent human resources. RMG search qualified person & BUFT & SMUCT ready to provide qualified person. BUFT & SMUCT trainers are successful in their professional life and many of the holding important position in the RMG sector; many are pursuing their career abroad. To provide good quality Fashion education. To develop the student ability to apply multi-disciplinary concepts, tools and techniques to solve organizational problems.
The value creation process has shifted from an emphasis on tangible things to optimizing intangible things in order to create tangible results. Let’s examine some of the evidence
If you want to succeed in the Social Era then the recipe is to create more value by using assets that create the most value, intangibles. The problem with most organizational leaders is they simply don't know how.
Maximize Value Creation From Technology AcquisitionsFergal Lynch
This research report deals with the challenges facing corporations in how they create value and a sustainable competitive advantage from technology acquisitions. The research studies the important role technology acquisitions play in the ICT sector in particular, and identifies three key critical factors in maximizing value creation. These factors are explored in detail and a unique and practical "Virtuous Circle of Value Creation Model" is presented.
The 6 market dynamics that determine whether a startup or product opportunity are going to succeed.
More recent thoughts about product/market strategy can be found here:
https://productfolio.com/product-strategy/
A Strategic Framework for Value-Driven Product Positioning. At the heart of any successful business is creating value for others. The Value Creation Plane is a product planning tool that illustrates the spectrum of value creation that you may want to consider when designing your product and positioning it within the market.
Green Revolution in Ready Made Garments in Bangladesh: An Analytical StudyDr. Amarjeet Singh
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 StudyDr. Amarjeet Singh
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.
India Bangladesh trade has potential to touch USD 10 billion by the year 2018. In order to reach this target, the two countries should aim at opening new land customs stations, harmonization and recognition of standards, pruning of negative lists, and banking and finance cooperation.
“Bangladesh aims to become a middle-income country by 2021 and India should emerge as a strong partner in realizing this goal,”
Infrastructure and connectivity is the key to the bilateral investment. CII suggests that the North Eastern states of India should be actively involved in planning and preparing transport linkages. Read the detailed report.
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.
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.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
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Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
2. Synopsis
It started from the Mughal age in the
Indian subcontinent through Dhakai
Musline.
Ready made garment industry started to
contribute in our economy from late
eighties (1977).
The employment generated by the
sector is estimated to be around 1.5
million workers.
The industry has grown during the 1990s
roughly at the rate of 22%.
3. Background
In the 1950s, labors in the Western World became highly organized; forming trade
unions.
In the early 1980s, some Bangladeshis received free training from Korean Daewoo
Company and started their own factories.
By 1985, Bangladesh emerged as a strong apparel supplier and became a powerful
competitor for traditional suppliers in the US, Canadian and European markets.
5. Workforce
The expansion of the RMG
industry has caused noticeable
social changes by bringing more
than 1.12 million women into
labor force.
The economic empowerment
of these working girls/women
has changed their status in the
family.
6. Environment
A safe work environment ensures the
pleasure for work.
The health and physical security
enhances the motive to work in
garments.
The friendly work environment
intensifies the capacity of the huge
productivity.
7. Scope for Bangladesh in RMG
Current trends on the buying side.
China is losing its attractiveness for new
and established buyers.
Foreign buyers are keen to invest
because of the cheap labor.
Bangladeshi RMGs’ are maintaining good
quality for years.
8. Growth of Bangladesh in RMG Sector
13% share of GDP and around USD 15
billion has been consumed in the
year 2010.
Price and capacity are the two major
reasons of booming the RMG.
Bangladesh possesses favorable trade
agreement.
Markets are expanding in Bangladesh
according to the value segment plan
expansion.
9. Infrastructure
Infrastructure is the largest issue
that obstacles Bangladesh’s RMG
industry.
The transportation problem, road
congestion, gas scarcity, sea-port
inefficiencies create hurdle for RMG
industry.
Government has planned to expand
the Dhaka-Chittagong Highway and
doubled the train container capacity.
10. Raw Materials
The dependency on imports are
considered as major risks.
High price in raw materials and rapid
fluctuation in the price level.
The lack of efficiencies and risk takers
may hinder this approach.
11. Economy and Political instability
Corruption is the main hurdle in BD.
High interest rates is an obstacle to
invest in RMG sector.
Political unrest and strikes are the
highest risks in sourcing from
Bangladesh.
Governmental intervention may
cause political instability.
12. Recommendations
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.
13. Recommendations-contd.
Achieving ethical labor standards and
sourcing practices are main requisites
in apparel industry.
Provide structured in-house training
for workers and managers.
Ensure fair wages and incentive
schemes.
14. Recommendations-contd.
The long term partnership should be
established between the suppliers and
buyers.
Improve the management skills of top
and middle management.
The positive branding should be
intensified said the prominent author
Philip Kotler when he visited in
Bangladesh.