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- W187172342 abstract "This study presents an overview of the Textile Complex in Bangladesh with a particular focus on the Ready Made Garments (RMG) Industry. Fifteen years ago the export garment industry in Bangladesh hardly existed. The country started in apparel exports as a result of initiatives by Korean manufacturers looking for a low cost production centre which did not have quota restrictions. Today ready made garment exports constitute over 36 percent of the country's total exports by value and Bangladesh is a major supplier of clothing to the USA and EEC markets. There are approximately 500,000 people employed in the garments industry and 1,210 producer firms registered with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). A significant number of new entrants to this industry are expected in the near future and many observers are predicting continued high growth in the industry's export performance. The number of firms in the industry is expected to increase to 2000 by the year 1995 in which year the RMG industry expects to earn US$3 billion. Further, the export orientated RMG industry is poised to have a dramatic effect on the socio-economic condition of Bangladesh as a result of injection from foreign exchange earnings, creation of employment and acting as a catalyst for the development of various support industries and services. The global textile environment is undoubtedly uncertain and will continue to be increasingly competitive as new low cost garment manufacturing nations enter the international textile arena. This study concludes that if the Bangladesh RMG industry is to sustain its export growth and continue to provide for the economic development of the nation, the industry will have to enhance its competitiveness, namely by import-substitution and the development of backward linkage with domestic fabric producers to allow greater value addition; improvement of quality standards at all stages in the Textile Complex and finally diversification of product lines and penetration of new apparel categories and international markets." @default.
- W187172342 created "2016-06-24" @default.
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- W187172342 date "1993-01-01" @default.
- W187172342 modified "2023-09-27" @default.
- W187172342 title "The Bangladesh Textile Complex: Focus on Ready Made Garment Industry" @default.
- W187172342 hasPublicationYear "1993" @default.
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