BGMEA AT A GLANCE
Bangladesh Garment Manufacturers and Exporters Association (BGMEA)
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is the apex trade body that represents the export oriented woven, knit and sweater garment manufacturers and exporters of the country. Readymade Garment (RMG) is the leading sector of Bangladesh in terms of employment, production and foreign exchange earning. Readymade garment (RMG) alone earned about 78% of the yearly foreign exchange earning of the country. About 3.6 million people are employed in the garment sector. The growth rate of RMG export was over 20% per over the last two decades.
A Success Story of RMG Sector:
The importance of RMG sector can hardly be over emphasized. There has been a steady growth in the field of RMG during last two decades. The RMG industry enjoyed a meteoric rise from 30 enterprises in 1980 increased to about 5150 in 2010-11 fiscal year. The growth of the industry in terms of number of units and employment generation is shown in table - 1 below:
Table 1: Growth of the industry and Employment
| Number of Garment Factories
| Employment in Million Workers
Out of 3.6 million manpower employed in BGMEA member factories, 2.88 million are women (80%), majorities of them are disadvantaged and economically poverty stricken women folk. The country's RMG sector, to a creditable level has relieved Bangladesh from over populous unemployment burden through providing the largest employment next to agriculture, transport, trade and industry sector. This sector has uplifted the neglected section of the population, thus radically transforming the socio-economic condition of the country. Such empowerment and employment raised awareness regarding children education, health safety, population control disaster management only so for. It is an epoch making event in the history of Bangladesh.
Main Functions of BGMEA:
BGMEA is being run by a 27-member elected Board of Directors. Four Vice Presidents having important portfolios, along with a secretariat of experienced officials, assists the Board in formulating and executing vital policies and programs of the organization. The President is the highest executive authority of the BGMEA.
The fundamental objective of BGMEA is to establish a healthy business environment for a close and mutually beneficial relationship between the manufacturers, exporters and importers in the process ensuring a steady growth in the foreign exchange earnings of the country. BGMEA issues UD to its exporters thereby monitors export as well. BGMEA plays a very strong role to lead the industry in concurrence with the government. The following are the regular activities of BGMEA for its members, apparel buyers and other partners.
· To Protect and uphold the interest of the industry by aiding the formulation of government policies consistent with a congenial growth of the sector.
· Committed to protect the interests of its members and their employees by implementing legitimate rights and privileges for garments workers.
· To negotiate and consult with foreign and local agencies to promote the...
Please join StudyMode to read the full document