2024-05-06 11:00:00
Bangladesh Ready-Made Garments Industry at a Glance
Bangladesh is the second largest exporter of ready -made garment products in the world for last three decades which exported over 132 Countries around the world. It’s estimated to double from 2010 to 2015 and nearly triple by 2022. [1] The total export of Bangladesh has crossed the USD 30.18 billion mark for the first time in the history which is 13.83% growth during the last fiscal year. [2] The growth of this industry has been dramatic, increasing from 30 factories in 1980, to over 6000 in 2014. [3] The RMG sector provides direct employment to around 4.4 million people, 80% of whom are women. [4] Around 20 million people are directly and indirectly depending on this sector.
Bangladesh offers not only a low competitive cost but also ensures best quality products for the high-end garment products to famous global brands such as Adidas, Benetton, Calvin Klein, Diesel, DKNY, G-Star, Hugo Boss, Nike, Puma, Ralph Lauren and Tommy Hilfiger. Bangladesh RMG Sector has duty-free market access to most of the developed countries including EU, Norway, Switzerland, Canada, Japan, and Australia.
Bangladesh Garment Manufacturer and Exporters Association (BGMEA) is working to build a safe and sustainable garment industry. The ministry of labor and employment commission, the Bangladesh Institute of Development Studies found that about 80.8 percent factories buildings are approved structural designs, 85.9 percent factories are approved layouts, 92 percent factories have valid fire safety licenses and 55 percent factories electric generator is located outside of the factory. Under “TREES” (Toward Resource Efficiency and Environmental Sustainability) many of garments industry practices in the area of waste management, waste heat recovery, cogeneration, energy efficient technology, environmental management system and encourage them to adopt eco-friendly technologies. Some garments recently taken a greater step of going towards carbon-free production. [5]
The government has taken initiative for influencing RMG sector allocated 470 acres of land in Baushia at Munshiganj for setting up a ready-made garment industrial park & also budget USD 6.5 Million for workers skill development.
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