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Contribution of the Ready-Made Garments (RMG) Sector to the Banglade...
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Chapter 1 1.1 Abstract 1.2 Introduction 1.3 Objective 1.4 Scope 1.5 Mythology 1.6 Literature Review Chapter 2 DISCUSSION
Table of Contents Table of Contents INTRODUCTION
PAGE No.
05 05 06 06 06 07 08 08 09 10 12 13 14 16 17 17
2.1 History 2.2 An Overview of The Bangladesh Ready-made Garment Industry. 2.3 Reason behind the Growth of RMG in Bangladesh 2.4 Product Tree 2.5 Exporting Condition of Garments Industry 2.6 Contribution in National Income: 2.7 Problems behind Readymade Garments Industry Chapter 3 ANALYSIS 3.1 SWOT Analysis Chapter 4 CONCLUSION 4.1 Recommendation 4.2 Conclusion
References
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CHAPTER 1 INTRODUCTION 1.1 Abstract
The ready-made garment (RMG) industry of Bangladesh started in the late 1970s and became 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 export-quota system and the availability of cheap labor are the two main reasons behind the success of the industry. Shirts, T-shirts, trousers, sweaters and jackets are the main products manufactured and exported by the industry. Bangladesh exports its RMG products mainly to the United States of America and the European Union. The Ready Made Garments (RMG) sector plays a pivotal role in the economy of Bangladesh. This sector accounts for approximately 76% of the total export earnings and nearly 10% of GDP.
1.2 Introduction
Like other 3rd world countries Bangladesh is a developing country. Her economic development depends firstly on Agriculture and secondly on Industry. Although Bangladesh is not developed in industry, it has been enriched in Garment industries in the recent past years. For Bangladesh, the readymade garment export industry has been the proverbial goose that lays the golden eggs for over fifteen years now. Traditionally, the jute industry dominated the industrial sector of the country until the 1970s. Since the early 1980s, the RMG industry has emerged as an important player in the economy of the country. In the field of Industrialization garment industry is a promising step. It is making significant contribution in the field of our export income and in the economical development of our country. At present the government of our country earns billions of dollars by exporting ready-made garments products to other countries. We have not achieved this success over night; we have some elements that help us to achieve this success. At present we are competing with our neighboring country; India and China. Though we are earning a handsome amount of profit each year from this sector, the ready-made garment sector is
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1.3 Objective
Followings were the objectives of the study.
Broad objective: To gather knowledge about the overall scenario of Ready-Made Garments (RMG) Sector in Bangladesh.
Specific objectives: To attain the broad objective following specific objectives were pursued.
o
To know briefly about economic significant of RMG. To identify what factors are affecting an entrepreneur To identify the performance of an entrepreneur
1.4 Scope
This report is on a wide exporting sector of Bangladesh. So, mainly we have tried to focus on the following factors:
Current scenario of ready-made garment industry. Reasons for a healthy growth Reasons for having comparative advantages in the world market. Economical and financial contribution of this industry in Bangladeshi economy. Beside these, we also brought several foreign benchmarks and statistics for doing the research work in a better way.
The detailed analysis of each segment was beyond the scope of our report. We only focused on the general overview of this subject.
1.5 Mythology
This report has been prepared on the basis of experience gathered through learning annual report. For preparing this report, I have also get information from website of BGMEA, BKMEA Export
Promotion Bureau and many Government and non government organization. I have presented my experience and finding by using different tables, which are presented in the analysis part. The details of the work plan are furnished below:
o
Search Relevant data for this report has been collected primarily by direct investigations
of different leasing companys annual report and website.
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Dhaka, the port city Chittagong and the industrial city Narayangonj. Bangladesh RMG firms
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zones (Gonzales, 2002). The RMG firms are located mainly in three main cities: the capital city
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Contribution of the Ready-Made Garments (RMG) Sector to the Bangladesh Economy

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CHAPTER 1 INTRODUCTION 1.1 Abstract

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