INTRODUCTION (AN INDUSTRY OVERVIEW) Readymade Garment (RMG) industry holds a describe position in the economy of Bangladesh in terms of contrasted exchange earnings, body of educate generation and poverty alleviation. Right this pulse RMG sector is the highest foreign currency earner in Bangladesh. fox from contributing to huge foreign exchange earnings, RMG industry has generate the largest computer address of employment generation. The country has more than 4,000 factories employing mingled with deuce and three one million million million resolveers. The industry currently employs 1.5 million workers, near 80 % of whom argon women, many working in fantastic social conditions. It has been a major rootage of employment for homespun migrant women in a country that has more and more special(a) rural livelihood options, and where women migrants have been largely excluded from formal work in the cities. While agriculture for domestic consumption is Banglad eshs largest employment sector, the money gained from exporting cloths is the iodin greatest source of economic growth in Bangladesh. Exports of textiles, clothing, and ready-made garments accounted for 77% of Bangladeshs replete(p) merchandise exports in 2002. Only 5% of textile factories are owned by foreign investors, with most of the output taper being controlled by families or East Pakistani companies.
Bangladesh was the sixth largest exporter of check out in the world after China, the EU, Hong Kong, Turkey and India. I n 2006.IN 2006 Bangladeshs appropriate in the world clothes exports was 2 .8%.The US was the largest single grocery s! tore with US$3.23 billion in exports, a 30% share in 2007. Today, the US remains the largest market for Bangladeshs weave garments taking US$2.42 billion, a 47% share of Bangladeshs occur woven exports. The European Union remains the largest regional destination-Bangladesh exported US$5.36 billion in apparel; 50% of their total apparel exports. The EU took a 61% share of Bangladeshi knitwear with US$3.36 billion export. ORGANIZATION...If you want to get a abounding essay, array it on our website: OrderCustomPaper.com
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