Welcome To The

Presentation

Topic Name:RMG sector in Bangladesh

Presented By-Name:Ashikur

RahmanID:132-096

Introduction

The economy of Bangladesh is largely dependent on agriculture. However, in recent years, the Ready–Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. The ready-made garment (RMG) sector has experienced an exponential growth since the 1980s.The sector contributes significantly to the GDP. It also provides employment to around 4.2 million Bangladeshis, mainly women from low income families which affects their social status.

History

1950,was the beginning of R.M.G in the Western World. In order to control the level of imported RMG products from developing countries into developed countries,MultiFiber Agreement (MFA) was made in 1974. The MFA agreement imposed an export rate 6 percent increase every year from a developing country to a developed country. In the early 1980s, This is when Bangladesh started receiving investment in the RMG sector. some Bangladeshis received free training from Korean Daewoo Company. After these workers came back to Bangladesh, many of them broke ties with the factory they were working for and started their own factories.

Women in the garment industry

Garment sector is the largest employer of women in Bangladesh.This has given women the chance to be financially independent and have a voice in the family because now they contribute financially.Garment sector has provided employment opportunities to women from the rural areas that previously did not have any opportunity to be part of the formal workforce.

The position of Bangladesh

The future

The RMG sector is expected to grow despite the global financial crisis of 2009. As China is finding it challenging to make textile and foot wear items at cheap price, due to rising labor costs, many foreign investors, are coming to Bangladesh to take advantage of the low labor cost. Even now for the readymade garments most of the manufacture need to bring all the accessories from abroad, which is very costly. Now they are start using locally accessories minting the required quality. Zippers, buttons, labels, hooks, hangers, elastic bands, thread, backboards, butterfly pins, clips, collar stays, collarbones and cartons are the major garment accessories produced in Bangladesh.

Compliance

Five deadly incidents from November 2012 through May 2013 brought worker safety and labor violations in Bangladesh to world attention putting pressure on big global clothing brands such as Primark, Loblaw, Joe Fresh, Gap, Walmart, Nike. There are major fires 1990 and 2012, resulting in hundreds of accidental deaths, include those are: Sportswear Limited and the fire at Tazreen Fashions Ltd. Spectrum Sweater Industries, Phoenix Garments. Spectrum Sweater Industries, Phoenix Garments, Smart Export Garments, Garib and Garib, Matrix Sweater, KTS Composite Textile Mills and Sun Knitting.The Savar building collapse was in the Rana Plaza complex, in Savar.

The Savar building collapse was in the Rana Plaza complex, in Savar.

Conclusion

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