Business Report on Rmg Sector

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Ready Made Garments Sector of Bangladesh:

An Overview

Ready Made Garments Sector of Bangladesh:

An Overview

Prepared For:

Ashraf U Bhuiyan

Senior Lecturer

Department of Business Administrations

East West University

Prepared By:

Nazmus Saqib,

Rayhan Abdullah,

Jahidul Islam,

Munjarin Hamid

Date of Submission:

22 April 2009

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22 April, 2009

Ashraf U Bhuiyan
Senior Lecturer
Department of Business Administrations
East West University
Dhaka

Subject: Submission of Final Report of the course BUS 231

Dear Sir:

We have successfully fulfilled our assigned report on Ready Made Garments sector of Bangladesh Doing this report we have acquired some exclusive knowledge about the RMG sector and gathered experience by gathering and analyzing the information.

Now we are submitting our final report entitled “Ready Made Garments Sector of Bangladesh: An Overview” as a compulsory part of this course. We have tried to put in our best efforts for this report and enjoyed working on this report and will be pleased to be available at any further explanation is required.

Sincerely

Nazmus Saqib

Rayhan Abdullah

Jahidul Islam

Munjarin Hamid

Table of contents

Executive Summary………………………………………………………………………………………………………….ix

Introduction…………………………………………………………………………………………………………………..1

Background…………………………………………………………………………………………………………………….1

Objectives……………………………………………………………………………………………………………………….2

Methodology…………………………………………………………………………………………………………………..2

Abbreviations………………………………………………………………………………………………………………….3

Limitations………………………………………………………………………………………………………………………4

Preview…………………………………………………………………………………………………………………………..5

The RMG Sector of Bangladesh……………………………………………………………………………………….6

Overview of Topics………………………………………………………………………………………………………….6

Brief History…………………………………………………………………………………………………………………….7

RMG sector of Bangladesh……………………………………………………………………………………………….7

Importance of RMG Sector in Bangladesh’s Economy……………………………………………………….8

Female Workers in RMG Industry…………………………………………………………………………………….9

SWOT Analysis of RMG Industry……………………………………………………………………………………..11

Findings……………………………………………………………………………………………………………………….…12

Conclusion………………………………………………………………………………………………………….………..13

Ending Summary……………………………………………………………………………………………….………….13

Conclusion……………………………………………………………………………………………………….…………..13

Recommendations………………………………………………………………………………………….……..……..14

Bibliography…………………………………………………………………………………………………………………15

Executive Summary

The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 20 years. The journey of export oriented Ready Made Garments industry started in the 80s with some favorable policy support from the Government of Bangladesh. The growth and development of the RMG industry in Bangladesh was the result of an international “managed trade” regime in the apparel.

The RMG sector is responsible for about 74% of Bangladesh’s export and hence an important driver of economic growth, employing approximately 2-3 million workers (mostly women) in nearly 5.000 production plants. RMG can be subdivided into the two main categories woven and knit. Competition, concentration tendencies among manufacturers and traders as well as the abolition of import quotas and restrictions for the EU market characterize the current international RMG market. From 1980s and onwards women constitute the incremental absorption of labor in Bangladeshi export-oriented industry, particularly in the garment manufacturing industry. In the RMG industry, women comprise more than 80 percent of the total labor force.

The approximately ten billion dollar of export oriented RMG industry in Bangladesh was largely developed during the last two...
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