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| Apparel Production In Bangladesh |
Bangladesh
is world’s most densely populated country and has the World’s eighth largest
population of about 160 million people taken from the last statistics of
2012-13. Its capital is Dhaka which is known to be world’s largest cities. The
beautiful country is famous for its rivers and is called “The Land of Rivers”.
It
is a rapidly developing economy having Textile and Clothing (T&C) industry
as a principle source of earning foreign exchange. 75% of the total merchandise
exports of Bangladesh comprises of exports of textile, clothing and ready-made
garments.
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| Women Working in a Garment Factory in Bangladesh |
Approximately
4.5 million (2012) people having 80% female workers are directly and indirectly
employed in the $19 billion a year industry that comes after China which is leading
as a world’s largest apparel exporter of western brands.
Bangladesh
largely depends upon its agriculture; therefore the RMG Sector has come out to
be the major earner of foreign currency. The sector contributes significantly
to the GDP and is generating not only opportunities for employment but also
healthy and less risky investment for business.
The Future
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| RMG Exports from 1994-2013 |
Bangladesh has so far exported apparel to more
than 85 countries. U.S. is the main importer of Bangladesh. By the time, local
investors are rapidly establishing new industries by engaging their own skilled
labor and technologists.
Bangladesh is having an edge due to its
expertise in producing garment related accessories including buttons, zippers,
labels, hangers, hooks, elastic bands,
butterfly pins, threads, clips, cartons etc. Regardless of the global financial
crisis, RMG Sector is growing at a robust speed.
China is giving an immense challenge
to the manufacturers of apparel around the globe as they have an advantage over
minimizing their cost due to cheap labor and other industrial incentives
provided by their government.
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