A project on Bangladesh's "RMG Sector"

A project on Bangladesh's "RMG Sector"
Abstract:
This term paper focuses on Bangladesh's ready-to-wear garment industry. As far back as the
1970s, Bangladesh's garment industry has been steadily increasing. The Bangladeshi ready-to-
wear industry was extensively examined in this term paper. An overview of Bangladesh's
garment industry includes information on the types of garments produced, the key raw materials
utilized in their manufacture, the countries that buy them, and the economic effect they have. The
challenges that the RMG sector confronts and possible solutions were also discussed.
Introduction:
Over the previous two decades, Bangladesh's readymade garment exports have enjoyed
unprecedented success, far beyond even the most optimistic predictions. The clothing export
business is now worth billions of dollars to the country's economy. One of the most important
social and economic trends in Bangladesh today is the export of ready-made garments. Since the
emergence of the garment export sector in Bangladesh has more than a million women working
in semi- or highly skilled occupations creating clothes for export, the impact on Bangladesh's
society and economy has been enormous.
Bangladesh's RMG Industry's History:
The textile industry had its start in the late 1860s of the nineteenth century. In 1965-66, the
business began exporting shirts produced in Karachi, Pakistan, to the European market. This area
has nine export-oriented enterprises in 1977-78. At the time, Riaz Garments, Jewel Garments,
and Paris Garments were the top three. One of the oldest and most well-known of these
companies at the time was Riaz Garments.

As an entrepreneur, Mohammad Reaz Uddin began a small tailoring company named Riaz Shop,
which grew into Riaz Garments. Over the next several years, the company's name was shortened
to "Riaz Garments" from "Riaz Shop," and in 1978, it started exporting garments to South Korea
by delivering 1 million shirts to "Olanda," a local apparel maker. Another pioneer in the business
is "Desh Garments," an RMG in Bangladesh. Working on a joint initiative since 1979, Desh
Garments with the South Korean enterprise "Daiyuu"
Shamsur Rahman's Stylecraft Limited, AM Subid Ali's Aristocraft Limited, Engineer
Mohammad Fazlul Zaidi's Azim Group, and Major (Retd) Abdul Mannan's Sunman Group all
made their debuts around the same period, as did the other companies.
This sector's early adopters inspired several RMG entrepreneurs to start their own enterprises and
follow suit. Since then, Bangladesh's RMG business has grown steadily and without looking
back. There have already been a lot of trials and tribulations in this industry's history. Child labor
was first brought to our attention in 1994, and by 1995, it had been completely eradicated from
the apparel industry.
A look at where the data comes from:
It was necessary to gather data from both primary and secondary sources for the evaluation. I
used a pre-made questionnaire to conduct in-depth interviews with five apparel manufacturers.
When interviewing respondents for the survey, we used a personal interviewing style. The
interviewees' sample clothing businesses are included in a table:
Why is RMG in Bangladesh?
Our nation's potential to advance has been hindered by the fact that the bulk of our population is
poor. We have the power to improve this situation if we make good use of the people we have.
Due to our huge staff, we are able to keep our labor expenses low. In addition, our parents forced
us to work at an early age so that they could support us. Child labor is ubiquitous in Bangladesh,
with 4.7 million or 12.6 percent of the country's 5- to 14-year-olds working in the economy.

Most child labor is concentrated in rural regions, with just 17% of the workforce in cities. The
informal sector includes employment like farming and domestic service, while the official sector
includes jobs like those in the textile industry. The apparel industry is the biggest formal sector
employer of child labor. It developed rapidly from 1983 to 1999, becoming the country's main
export source. Bangladesh is one of the top 10 garment exporters in the world. More
employment for women were established in urban areas thanks to the garment industry's impact
on the economy. As a consequence, an increasing number of metropolitan areas hire young
people as day workers. The clothing industry employs a significant number of women and girls..
Teenage girls working 11-hour days in Bangladeshi textile factories to produce goods for
Western retailers have been accused, even though they are just 13 years old.
List of Garment Manufacturers
Incorporated Millenium Garments
It is owned and operated by Rahan Garments (PVT) LTD
Limited by ALAM FIBER IMPEX
Fabrics and Commodities Exchange, Inc.
TOKIO MODEL LIMITED is the manufacturer.
Materials in their natural state