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RMG Sector in Bangladesh - Importance and Raw Materials

Added on - 04 Jul 2022

This study material focuses on the Readymade Garments Industry in Bangladesh, a brief history of the garments industry in Bangladesh, as well as varieties of garments, the primary raw materials used in garment production, and export, the primary purchasers, and the impact on the GDP. It also discusses the raw materials and the importance of RMG to Bangladesh's Export earnings, and contribution to the national economy.

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Independent University of Bangladesh
Assignment on “RMG Sector of Bangladesh”
Submitted By:
Am Ratul Ahmed Prokash
ID: 2222650
Year: First year first
semester
Submitted To:
Sabrina Alam
Lecturer
Department of Computer
Science and Engineering
Table of Contents
Abstract:...........................................................................................................................................1
Introduction:....................................................................................................................................1
History of RMG Sector in Bangladesh:...........................................................................................1
Sources of Data collection:..............................................................................................................2
Why RMG in Bangladesh?..............................................................................................................2
List of the Garments Company........................................................................................................3
RAW MATERIALS........................................................................................................................3
The Important Role of Ready Made Garments to Bangladesh’s Export Earnings:.........................3
Major buyers of Bangladesh RMG product.....................................................................................4
Contribution of RMG Sector to the National Economy..................................................................5
Hopeful for Bangladesh's RMG industry:.......................................................................................6
People in Bangladesh have a hard time with RMG.........................................................................7
Solution RMG problem in Bangladesh............................................................................................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10
Abstract:
The Readymade Garments Industry in Bangladesh is the subject of this term paper. It has been
practically continuously expanding since the 1970s that the garment industry in Bangladesh has
flourished. Throughout this term paper, the ready-made clothes sector in Bangladesh was
discussed. There is a brief history of the garments industry in Bangladesh, as well as varieties of
garments, the primary raw materials used in garment production, export, the primary purchasers,
and the impact on our GDP. It was also spoken about the obstacles that the RMG industry faces
and how we may overcome these obstacles.
Introduction:
The tremendous success of readymade garment 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 garment exports is certainly one of the most significant social and economic
developments in contemporary Bangladesh.With over one and a half million women workers
employed in semi-skilled and skilled jobs producing clothing for exports, the development of the
apparel export industry has had far-reaching implications for the society and economy of
Bangladesh.
History of RMG Sector in Bangladesh:
In the 1960s of the nineteenth century, the first foundations of the textile industry were laid.
First, the industry exported shirts (Mercury shirts) made in Karachi to the European market in
1965-66. In 1977-78, there were nine exporting industries in this region. Riaz Garments, Jewel
Garments, and Paris Garments were the three most important at the period. At the time, Riaz
Garments was the most well-known and oldest of these businesses.
Mohammad Reaz Uddin's Riaz Garments started off as a little tailoring shop called Riaz store.
Later, in 1973, the name was changed to Riaz Garments from Riaz shop, and in 1978, the
company began exporting items to South Korea by shipping 1 million shirts to "Olanda," a South
Korean clothing manufacturer. An RMG company in Bangladesh known as "Desh Garments" is
another pioneer in the industry. Desh Garments and the South Korean firm "Daiyuu" began
working together on a collaborative project in 1979.
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Stylecraft Limited by Shamsur Rahman, Aristocraft Limited by AM Subid Ali, the Azim Group
by Engineer Mohammad Fazlul Zaidi, and the Sunman Group by Major (Retd) Abdul Mannan
were all introduced at around the same time.
Some entrepreneurs in the country's RMG sector followed in the footsteps of the sector's early
adopters, and created their own businesses as a result. From that point on, the RMG industry in
Bangladesh continued to grow steadily without looking back. It's important to note that this
industry has already made it through a number of testing times in its journey. In 1994, we learnt
about child labor, and in 1995, we successfully eliminated child labor from our clothing sector.
Sources of Data collection:
For the assessment, both primary and secondary data were collected. For this, I interviewed 5
garments company by using a structured questionnaire. A personal interview technique was
applied while filling up the questionnaire on respondents. The sample garments companies who
are interviewed are given in a chart:
Why RMG in Bangladesh?
Since the majority of our populace is impoverished, our nation's ability to progress has been
hampered. By utilizing our people wisely, we have the opportunity to change this status. Our low
labor costs are actually due to the fact that we have a large workforce. In addition, our parents
put their children to work at a young age in order to make money. 4.7 million or 12.6 percent of
Bangladesh's 5-14-year-olds are employed in the workforce, making child labor a widespread
problem. There are 83 percent of child laborers working in rural areas, and only 17 percent
working in urban areas. Agriculture and domestic service are examples of work in the informal
sector, while jobs in the garment industry are examples of jobs in the formal sector. Among the
formal sector's largest employers of child labor, the clothing industry ranks first. From 1983 to
1999, the industry grew at a rapid pace, becoming the country's primary export source. Among
the world's top ten garment exporters, you'll find Bangladesh. In addition to boosting the
economy, the garment sector created more jobs in metropolitan areas, particularly for women. As
a result, the number of urban regions employing juvenile laborers has risen. There are a large
number of women and girls employed in the garment sector. Young girls in Bangladesh's
garment factories have been accused of working 11-hour shifts to create clothing for Western
merchants, even if they are just 13-years-old.
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Bangladesh's garment sector accounts for more than 70% of the country's GDP, with women accounting for 80 percent of all garment workers. Women working in the RMG business face a wide range of difficulties. Poor pay, unfriendly working conditions, health troubles and nutrition, insurance, and other concerns.