For Bangladesh, the readymade garment export industry has been the proverbial goose that lays the golden eggs for over fifteen years now. The sector now dominates the modern economy in export earnings, secondary impact and employment generated. The events in 1998 serve to highlight the vulnerability of this industry to both internal and external shocks on the demand and supply side. Given the dominance of the sector in the overall modern economy of Bangladesh, this vulnerability should be a matter of some concern to the policymakers in Bangladesh. Although in gross terms the sector’s contributions to the country’s export earnings is around 74 percent, in net terms the share would be much less partially because the backward linkages in textile have been slow to develop. The dependence on a single sector, no matter how resilient or sturdy that sector is, is a matter of policy concern. We believe the policymakers in Bangladesh should work to reduce this dependence by moving quickly to develop the other export industries using the lessons learned from the success of apparel exports. Support for the apparel sector should not be reduced. In fact, another way to reduce the vulnerability is to diversify the product and the market mix. It is heartening to observe that the knit products are rapidly gaining share in overall garment exports as these products are sold in quota-free markets and reflect the strength of Bangladeshi producers in the fully competitive global apparel markets…
Employment and economic growth in Bangladesh depends upon exports of textile products which were allowed through a preferential quota system for textile market export from poor markets to rich markets. As soon as the shift to a free trade regime appeared along with the competition with countries such as China and Indonesia the quick collapse of Bangladesh’s textile industry has been predicted. However, the opposite occurred. We can highlight three major reasons to explain what happened:…
3)Think marketing is through certain sales pipe the production enterprise with market link up process.…
Bangladesh is still a developing country but the tremendous growth prospect that this country has shown and still showing on for some time now signals the bright future that Bangladesh possesses. There are some industries and sectors which have provided the country with the phenomenal start and necessary speed that is required for an annual 6-7% growth over the past few years. Readymade garments industry is one of those sectors. After the emergence of Bangladesh, radical change has come to our garments sector. At present there are about 3000 garments industries in the country and 75 percent of them are in Dhaka. This industry has 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. The tremendous success of readymade garments exports from Bangladesh over the last two decades has surpassed the most optimistic expectations. Today the apparel export sector is a multi-billion-dollar manufacturing and export industry in the country. The overall impact of the readymade garments exports is certainly one of the most significant social and economic developments in contemporary Bangladesh.…
Asia is known to produce most of the world’s textile goods. China is the biggest manufacturing country in a lot of products. When it comes to textile, there are few countries that are powerful in Asia. A fast growing country in textile is Bangladesh. They are the world’s leading enable of killer price points. Shirts In Bangladesh can be half the price when comparing shirts in China. Bangladesh has several incidents which can be a problem for their productions. The incidents are cause by several things that they should improve.…
Abstract: Bangladesh’s steady growth for the past two decades and the average annual GDP growth more than 6 percent over the last five years and drop of almost 10 percent in the poverty rate - are both very respectable. The past decade’s boom in exports – particularly the apparel sector is very significant to country’s economic growth. This report gauges Bangladesh’s trade competitiveness and future challenges. This report uses the Prof. Michael Porter’s data base of Harvard Business School for cluster map and bubble for competitiveness analysis, the world trade Indicator (WDI) database, International Trade Centre (ITC)’s trade map and competitiveness and World Economic Forum (WEF) website for data and graphical presentation for competitiveness analysis. To make the most of its export opportunities on the changing international playing field, Bangladesh needs to follow a strategic game plan, invest in infrastructure, technology and skills, streamline policies, and improve quality and safety standards.…
References: 2. Azim, M. Tahlil, and Nasir Uddin, 2003, “Challenges for Garments Sector in Bangladesh After 2004: Avenues for Survival and Growth” Bangladesh Institute of International and Strategic Studies Journal, Vol. 24, No. 1, Page 49-82.…
The export-oriented readymade garments (RMG) sector in Bangladesh, started its journey in late 1970s as a small non-traditional sector of export. Bangladesh exported RMG worth only US$ 69 thousand when Reaz Garments exported its first consignment to USA in 1978. ByFY2002, within a span of about two decades exports have gone up to US$4.5 billion. Over the past decade alone, the sector registered a phenomenal growth rate of 15…
|Table of Contents | |Literature Review |3 | |Introduction |4 | |Origin of the report |4 | |Objective |5 | |1.3 Scope |5 | |1.4 Methodology |5 | |2.0 An overview of Bangladesh Garments Industry |6 | |3.0 Role of HRM |9 | |3.1 Contribution HRM to organization |9 | |3.2 For garments industry HR can do |10 | |4.0 SWOT analysis of Bangladesh Garment Industry |11 | |5.0 Practice of HRM in garments industry of Bangladesh |25 | |5.1 Planning and Resourcing Division |26 | |5.2 HR Practices of garments industry Bangladesh |27 | |6.0 Recommendation |33 | |7.0 Conclusion…
Despite efforts to bring in diversification in country's overall economic get-up the textile sector continues to be the most important segment of the national economy. Its share in the economy, in terms of GDP, exports, employment, foreign exchange earnings, investment and revenue generation altogether placed the textile industry as the single…
After Liberation when country 's traditional items of export could not yield expected result, in late 70s the government and a section of entrepreneurs - young, educated and dynamic, began to emphasize on development of non-traditional items of export. By the year 1983, Ready-Made-Garment (RMG) emerged to be a non-traditional export oriented sector most promising in the socioeconomic context of the country. By that time, those entrepreneurs felt a necessity of sectoral trade body, non-government in nature, free from traditional bureaucracy, to help the RMG sector and to boost up the foreign exchange earnings of the country urgently needed at that time. Responding to that necessity, 19 (Nineteen) RMG manufacturers and exporters joined together and by their untiring efforts got Bangladesh Garment Manufacturers and Exporters Association (BGMEA) incorporated on February 20, 1983, Today 2400 small and medium scale privately owned garment factories, registered with BGMEA, spread in cluster over the EPZ and urban areas of Dhaka, Chittagong and Khulna, are manufacturing ready-made garments of varied specifications as per size and designs stipulated by the overseas buyers. Starting with a few items, the entrepreneurs in the RMG sector have widely diversified the product base ranging from ordinary shirt, T-shirt, trousers, shorts, pajama, ladie 's wear and children 's wear to sophisticated high value items like quality suits, branded jeans items, jackets-both cotton and leather, sweaters, embroidered wear etc.…
* We are doing this report so that we can analysis the readymade garment (RMG) sector of Bangladesh and find out the problems and remedies of this sector.…
Bangladesh economy achieved an economic growth of 5.8% during 2000-2009. The economy is rapidly growing. The per capita income in 2010 was around $1,700. Garment industry dominates Bangladesh, which grew at double-digit rates through most of the 1990s. About 1.5 million people, mostly women, were employed in the garments sector by late 1990s. Bangladesh’s export was dominated by garments. It represented around 52% of Bangladesh’s total exports worth around $3125 million. Bangladesh overtook India in apparel exports. India had exports of $2.27 billion while Bangladesh’s was $2.27 billion. Bangladesh is known for its muslin and silk fabric. Other industries which have shown very strong growth include the chemical industry, steel industry, mining industry and the paper and pulp industry.…
The Ready Made Garment industry (RMG) of Bangladesh started in the late 1970s and become a prominent player in the economy within a short period of time. The industry has contributed to export earnings, foreign exchange earnings, employment creation, poverty alleviation and the empowerment of women. The availability of cheap labor are the main reasons behind the success of the industry. In the early 1980s, the RMG industry of Bangladesh concentrated mainly in manufacturing and exporting woven products. Since the 1990s, the knit section of the industry has started to expand. Shirts, T-shirts, trousers, sweaters and jackets are the main products manufactured and exported by the industry. Other hand, we can say that RMG industry is the only multi-billion-dollar manufacturing and export industry in Bangladesh. Whereas the industry contributed only 0.001 percent to the country’s total export earnings in 1976, its share increased to about 75 percent of those earnings in 2005.…
Bibliography: Bangladesh Garment Manufacturers and Exporters Association. “Growth of RMG Industry and Employment.” Bangladesh Garment Manufacturers and Exporters Association Annual Report. 2008 ed. 105.…