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The Readymade Garment Industry of Bangladesh

The Readymade Garment Industry of Bangladesh
Author: Hafiz G. A. Siddiqi
Publisher:
Total Pages: 276
Release: 2004
Genre: Clothing trade
ISBN:

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Articles on the industry geared for export marketing in the country.


Global Trade Liberalization

Global Trade Liberalization
Author: Serajul Hoque
Publisher: Peter Lang Publishing
Total Pages: 268
Release: 2004
Genre: Business & Economics
ISBN:

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Global trade liberalization with regard to the readymade garments industry is a topic of highest relevance for the Bangladeshi economy and linked very strongly to its changing social structure. Garment industry actually is a very new, export-oriented sector of the Bangladesh economy. It was only some twenty years ago that this sector was fully established in Bangladesh. Today it has grown to the number eighteen exporter world-wide, employing some 1.8 million people directly, of whom most of them are women, and another 10 million indirectly. The main markets are the EU and NAFTA. The development of Bangladesh garments industry was facilitated by the different Multi Fibre Arrangements. Therefore--as many other new competitors have grown over the last couple of years, namely South and East Asian including China, the ASEAN, Mexico and 24 Caribbean countries--Bangladesh's garment industry will face a difficult period after 2004.


Investment Opportunities for Bangladesh's Readymade Garments. Contribution in the Country's Sustainable Development Goal

Investment Opportunities for Bangladesh's Readymade Garments. Contribution in the Country's Sustainable Development Goal
Author: Al Moontasir Shifat
Publisher: GRIN Verlag
Total Pages: 15
Release: 2021-12-22
Genre: Business & Economics
ISBN: 3346561143

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Academic Paper from the year 2021 in the subject Business economics - Investment and Finance, grade: A, American International University-Bangladesh (American International University-Bangladesh), language: English, abstract: This research examines investment opportunities for Bangladesh's Readymade Garments (RMG) industry to contribute to the country's sustainable development goal (SDG). RMG's economic contribution is growing as a result of increased export earnings, industrialization, and employment of the country. This paper represents a combination of methods approach, depending upon descriptive and inferential statistics to assess the RMG sector's potential in the country. This analysis is crucial, as the developed world's current financial crisis raised doubts about the industry's long-term survival. This requires the investigation of substitute marketplaces that are less vulnerable to future economic collapse. This report suggests a few other marketplaces, including Brazil, China, South Africa, Russia and India. Keywords: Woven Clothing, Export Promotion Bureau (EPB), RMG, BGMEA, BKMEA, and BRICS


Challenges and Opportunities of Bangladesh's Ready-Made Garment Industry. A comparative value chain analysis

Challenges and Opportunities of Bangladesh's Ready-Made Garment Industry. A comparative value chain analysis
Author: Johannes Bachstädter
Publisher: GRIN Verlag
Total Pages: 136
Release: 2023-03-30
Genre: Art
ISBN: 3346846997

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Master's Thesis from the year 2014 in the subject Design (Industry, Graphics, Fashion), grade: 1.3, RWTH Aachen University, language: English, abstract: The thesis explores the value chain of Bangladesh's ready-made garments industry at a crucial point: The link between internationally operating brands and retailers and locally operating garment manufacturers. The research problem arose from the discussions about the question who can bear which responsibilities for improving the working conditions in the sector. By illustrating the various differences in the buyer-producer relations, the author sought to better understand the complex interdependencies of this network and thereby contribute to a better insight to aid all involved stakeholders to move the sector forward. Various types of relations between garment manufacturers and international buyers could be identied: Some manufacturers are relying on a wide choice of buying agents, buying houses and direct buyers. Other companies are producing mainly for direct buyers. The latter can benefit from a slightly higher profit margin but in both cases, the relations are based on oral contracts and the factories' capacity utilisation is subject to a great order fluctuation. A third and most noticeable group is characterized by very close ties to the buyers. These ties enable producers to re-negotiate order conditions in case of difficult circumstances and the first buyers are concluding long-term contracts with the manufacturers. The companies that rely on strong long-term contracts have a smaller profit margin but can manage their companies easier nevertheless because their capacity fluctuation is close to zero. At the same time, price and compliance pressure are stated as the most important challenges by the manufacturers. The enforcement of high standards on building and fire safety has become a number one topic in Bangladesh's RMG sector. According to a large part of the interviewed manufacturers, the regulations are rising too fast. They often complain about shrinking profit margins that would not allow them to invest in compliance. The international buyers on the other hand refer to the low productivity that should be raised by the manufacturers as a first step to gain more profitability. It can be concluded that the value chain of ready-made garments in Bangladesh shows eminent characteristics of a captive governance but there are several important distinctions to make within this category. The interviews showed evidence that the buyer-producer relations are developing towards a more cooperative relationship based on partnership. Editor's Note: Due to data privacy and the sensitiveness of certain information, parts of the thesis and appendix were removed.


Labor, Global Supply Chains, and the Garment Industry in South Asia

Labor, Global Supply Chains, and the Garment Industry in South Asia
Author: Sanchita Banerjee Saxena
Publisher: Routledge
Total Pages: 310
Release: 2019-06-27
Genre: Business & Economics
ISBN: 0429771754

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This book argues that larger flaws in the global supply chain must first be addressed to change the way business is conducted to prevent factory owners from taking deadly risks to meet clients’ demands in the garment industry in Bangladesh. Using the 2013 Rana Plaza disaster as a departure point, and to prevent such tragedies from occurring in the future, this book presents an interdisciplinary analysis to address the disaster which resulted in a radical change in the functioning of the garment industry. The chapters present innovative ways of thinking about solutions that go beyond third-party monitoring. They open up possibilities for a renewed engagement of international brands and buyers within the garment sector, a focus on direct worker empowerment using technology, the role of community-based movements, developing a model of change through enforceable contracts combined with workers movements, and a more productive and influential role for both factory owners and the government. This book makes key interventions and rethinks the approaches that have been taken until now and proposes suggestions for the way forward. It engages with international brands, the private sector, and civil society to strategize about the future of the industry and for those who depend on it for their livelihood. A much-needed review and evaluation of the many initiatives that have been set up in Bangladesh in the wake of Rana Plaza, this book is a valuable addition to academics in the fields of development studies, gender and women’s studies, human rights, poverty and practice, political science, economics, sociology, anthropology, and South Asian studies.


Overall Problems and Prospects of Bangladeshi Ready-Made Garments Industries

Overall Problems and Prospects of Bangladeshi Ready-Made Garments Industries
Author: MD. Joynal Abdin
Publisher:
Total Pages: 0
Release: 2010
Genre:
ISBN:

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Bangladeshi Garment Industry is the largest industrial sector of the country. Though the history of Readymade Garment Industry is not older one but Bangladeshi clothing business has a golden history. Probably it started from the Mughal age in the Indian subcontinent through Dhakai Musline. It had global reputation as well as demandable market around the globe especially in the European market. After industrial revolution in the west they were busy with technological advancement & started outsourcing of ready made garments to meet up their daily demands. Many LDC's took that chance & started ready made garment export at that markets. As an LDC Bangladesh took this chance enjoyed quota & other facilities of them. Thus ready made garment industry started to contribute in our economy from late eighties (1977). The history of the garment industry dates back to 1977 when the first consignment was exported to then West Germany by Jewel Garments. The number of units, however, remained a meager 46 until the end of 1983. From a humble beginning the sector has thus made phenomenal growth over the last two decades, the number of units growing to around 4500. The RMG industry achievement is noteworthy, particularly for a country plagued with poor resource endowments and adverse conditions for industrialization. Exports increased from approximately 32 million US dollars in 1983/84 to 1.4 billion dollars in 1992/93. In 1987/88, the RMG export share surpassed that of raw jute and allied products. The figure further rose to 5.7 billion dollars in 2003/04, representing a contribution of about 75 percent of the country's total export earnings in that year. The employment generated by the sector is estimated to be around 1.5 million workers. Several factors account for the outstanding successes of the RMG industry in Bangladesh. At the same time this industry had faced & till facing many problems also. These problems & prospects of RMG industry in Bangladesh is my topic to find out as well as to make critical analysis on these. The importance of my study has been raised up by recent labor unrest in RMG sector. To analyze this board topic a took fulltime guidance from my dissertation guide Mr. A. K. M. Abduj Jaher in preparing questionnaire, operating field survey, presenting the survey report as well as constructing the report as a whole. So I am grateful to him. Here I use data from different sources like, BGMEA, BKMEA, CPD, World Bank, UNDP, Lmd Journal Published by Australian National University, CIA Report, ADB, Bureau of Economic Research - University of Dhaka, The University of Chicago Press & many other sources stated in reference section. Thus I am obliged to all of them at the same time I would like to offer my warm thanks to all of them. Many Garments owners, workers, & buyers have helped my by providing their valuable opinion on the topic or through interview. So I am grateful to them for helping me by providing primary data. Again I would like to offer my warm thanks to all of them for helping me a lot in construction of this dissertation report.


Are They Satisfied? Readymade Garments Workers in Bangladesh

Are They Satisfied? Readymade Garments Workers in Bangladesh
Author: Maksuda Sultana
Publisher: LAP Lambert Academic Publishing
Total Pages: 84
Release: 2013
Genre:
ISBN: 9783659389504

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Bangladesh garments industries created opportunities by creating employment for millions of workers. The export sector is playing a major role for increasing countries Gross Domestic Growth, GDP. The export sector raises income and employment within the country. The garment workers contribute a lot to the society and they work all day long. The workers need support to get worker's rights and to improve employment situation within the factory. Bangladesh needs to improve garment workers conditions and responsive about the impact of globalization. Bangladeshi garment industries face the challenges of globalization and should compete in the global market. The deprivation of garment worker's right might be the loss in garment industry to show the labor standard position in the near future. This book examine the changes of worker's employment situation within the changing scenario of global competition for the garment sector.


Growth of Garment Industry in Bangladesh

Growth of Garment Industry in Bangladesh
Author: Pratima Paul-Majumder
Publisher:
Total Pages: 276
Release: 2001
Genre: Clothing trade
ISBN:

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Seminar organized by Bangladesh Institute of Development Studies with assistance from Oxfam GB.