Garments Inddustries in Bangladesh
Bangladesh's development is accelerated by the readymade clothes sector. The "Made in Bangladesh" label has also brought the country honor, establishing it as a famous brand across the world. Bangladesh, long dubbed a "bottomless basket" by cynics, has now evolved into a "basket full of miracles." Despite its meager resources, the country has maintained a 6% annual average GDP growth rate and achieved outstanding social and human development.The readymade garment (RMG) sector, which is currently Bangladesh's single largest export earner, has played a critical role in rebuilding the country and its economy. The industry contributes for 83 percent of the country's overall export revenues.When our sole major export earner, the jute industry, began to lose its luster, it was the RMG sector that stepped in to fill the void, eventually overtaking it.
Bangladesh's clothing industry began in the 1980s and has since progressed to its current position. NuroolQuader Khan, the late founder of Bangladesh's readymade garment business, was a pioneer. He had a vision for how the country could be transformed. He sent 130 trainees to South Korea in 1978 to learn how to make ready-to-wear garments.
Bangladesh's Textile and Clothing Industries Are The Country's Main Economic Sectors, With A Rapidly Growing Readymade Western Wear Garment Industry Following China, The World's Second Largest Apparel Garment Exporter. Due to its large population, high garment machinery, wide area, low labor cost, and government policy, the country maintains its position as the world's second largest readymade apparel cloth exporter.
The Most Important Factor In Bangladesh's Apparel Garment Industry:
Bangladesh's GDP is based on garment exports, which account for 20% of the country's total.
second-largest exporter of ready-to-wear western clothing .https://textilebd8.blogspot.com/
Also read:Garments Inddustries in Bangladesh