The ready-made garments (RMG) sector of Bangladesh has got a greater facet than any other sector in terms of growth and foreign exchange earnings. It makes a significant contribution to the national economy by
creating generous employment opportunities and reducing poverty through socioeconomic development
.
Why is Bangladesh a garment industry?
The garment industry of Bangladesh has been
the key export division and a main source of foreign exchange for the last 25 years
. At present, the country generates about $5 billion worth of products each year by exporting garment. The industry provides employment to about 3 million workers of whom 90% are women.
Why Bangladesh has specialized in the garment industry?
The textile industry of the country has specialized textile goods, knitwear, and woven apparels. These products top in grabbing the
export income
for the country. Moreover, the quota-free textile rule which has been introduced since 2005 has substantially improved the textile industry of Bangladesh.
Is the garment industry good for Bangladesh?
The ready-made garment (
RMG
) industry is a mainstay of this economic success story: Bangladesh is today one of the world’s largest garment exporters, with the RMG sector accounting for 84 percent of Bangladesh’s exports.
How important is the garment industry to Bangladesh’s exports?
In the last seven years, Bangladesh’s garment industry has increased its annual revenue from $19 billion to $34 billion—a 79 percent rise. This makes the country the
second largest exporter of garments in the world
, with the sector accounting for 80 percent of Bangladesh’s total export earnings.
What percent of clothes are made in Bangladesh?
Bangladesh is the second largest apparel manufacturer behind only China. About
60 percent
of clothes made in Bangladesh end up in European markets. There are over 5,000 garment factories factories in Bangladesh, employing approximately 4 million workers a year.
What is Bangladesh famous for?
What is Bangladesh famous for? It is
home to the world’s largest river delta
, which is formed by the Brahmaputra and the Ganges river. Roaming Bengal tigers in the Sundarbans, a mangrove and swampland in the delta. For the longest natural uninterrupted sea beach in Asia (Cox’s Bazar beach), which is 150 km long.
What is Bangladesh’s biggest export?
Bangladesh’s major export item is
readymade-garments
and others include shrimps, jute, leather goods and tea. Main export destinations are the United States and the EU. Bangladesh imports mostly fuel, capital goods and foodstuff originating in China, India, the EU and Kuwait.
What clothes are made in Bangladesh?
- H&M. Swedish fashion brand Hennes & Mauritz AB, popularly known as H&M, source the highest quantity of merchandise from Bangladesh. …
- Primark. …
- Gap Inc. …
- Peacocks. …
- New Look. …
- Zara. …
- Austin Reed.
What is the main source of income in Bangladesh?
Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the
agriculture sector with rice
as the single-most-important product.
How much do garment workers get paid in Bangladesh?
The minimum wage for the garment industry is 8,000 BDT (94 USD), but general estimates indicate that workers, on average, take home 9,580 BDT (112 USD) at the end of the month. This brings the combined monthly wage of all workers to
42.15 billion BDT
(approximately 496 million USD).
How many clothes are made in Bangladesh?
In 2019, there were about
4.62 thousand garment
factories in Bangladesh. Although an increase from the previous year, this was a decrease from 2013, in which there were approximately 5.88 thousand garment factories in Bangladesh.
How can we help garment workers in Bangladesh?
The Bangladesh Center for Workers’ Solidarity
: The Bangladesh Center for Workers’ Solidarity advocates for worker rights and is headquartered in Dhaka, Bangladesh.
Bangladesh rose to its position largely
because of its lack of regulation and the low wages it pays its garment workers
, most of whom are women. … As fashion brands look to cut costs, and wages continue to rise in China, Bangladesh becomes an increasingly attractive place to make clothes on the cheap.
Why is Bangladesh good for manufacturing?
Bangladesh has a few strengths working in its favor. Its enormous population density offers the country an instant bonus in terms of the size of its workforce. Coupled with its low labor cost, Bangladesh is well positioned to serve as an
alternative manufacturing hub for labor-intensive industries
.
Why are there sweatshops in Bangladesh?
Fast fashion relies on global inequality
and it is powered by cheap labor within its supply chain to generate huge profits with low production costs.
