The Impact of garments industries on the economy of Bangladesh: Introduction: Bangladesh is currently one of the 12 largest exporters of garments products in U.S.A and U.K. In spite of this‚ the real situation does not come in front of the world. That is they are not becoming influenced like before any more. We can see this by the price level of our garments products in the world market. The quantity we are exporting is huge but at a very low price. In the statistics the impact may be huge but
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1.1 Background of the Study The garments industry of Bangladesh has been the key export division and a main source of foreign exchange for the last 35 years. At present‚ the country generates about $6 billion worth of products each year by exporting garment. The industry provides employment to about 3 million workers of whom 90% are women. Two non-market elements have performed a vital function in confirming the garment industry’s continual success; these elements are (a) quotas under Multi- Fibred
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Impact of RMG sector in Bangladesh economy Since the late 1970s‚ the RMG industry started developing in Bangladesh primarily as an export-oriented industry although; the domestic market for RMG has been increasing fast due to increase in personal disposable income and change in life style. The sector rapidly attained high importance in terms of employment‚ foreign exchange earnings and its contribution to GDP. Table: 1 |Major Products Export From Bangladesh And Contribution| |to GDP
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the main sector of the country’s economy and tea and jute were the main export items. Things have changed in the last 20-25 years and Bangladesh has switched to second gear from agricultural sector to manufacturing sector. Tea or jute is no more the main export- readymade garments (RMG) has replaced them. About 3.0 million people are directly related while another 20 million people are indirectly involved in the RMG sector. According to a World Trade Organisation (WTO) report‚ Bangladesh ranked fourth
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procedures do not impede trade. Now in Bangladesh‚ 2 million garment workers are working in the RMG units‚ of whom 80 per cent are women. RMG roughly covers 76 per cent of the total export of the country and is the highest earning industry in the economy. 2 million workers in 4‚000 factories‚ which is about one-fourth of the number of employees engaged in the manufacturing sector‚ constitute the real backbone of the country’s economy. Study shows that the RMG sector and related upstream and downstream
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pessimistic view about the developmental prospect of Bangladesh. Many thought that the country would remain permanently locked in a ‘below poverty level equilibrium trap’. Although there is little room for complacency Bangladesh has come a long way from there. About two-fifths of the economy is now connected with the global economy through exports‚ imports‚ factor and commodity markets; the degree of openness of the economy currently stands at 40%. Bangladesh can now rightfully claim that she has graduated
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The unrest condition of RMG sector in Bangladesh Introduction: Labor-force is an important input in industrial production and this is truer in garment industry of Bangladesh. Mechanization and automation have not diminished the role of human element in industrial establishments. In fact‚ the role of workforce has become highly critical in garment industry. Nor have the economic reforms belittled the significance of labor.Human resource is taken to be an important factor to increase productivity
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……………………………………………... 12 4.4.4. Earnings per Share (EPS) ……………………………………………. 13 5. Conclusion …………………………………………………………………………... 14 Reference ……………………………………………………………………………. 15 Executive Summary This report is made on RAK Ceramics Bangladesh Ltd. In this report the financial statement of RAK Ceramics is analyzed for six year (2007-2012). The analysis is actually ratio analysis. The whole analysis is firstly divided into four parts- Liquidity ratio‚ Asset management ratio‚ Debt management
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Problems And Prospect Of Garments Industry In Bangladesh Essays and Term Papers Advanced Search Documents 1 - 20 of 450 Health & safety issues in garments industry of bangladesh Introduction Origin of the report Health & safety polices are not available in most of the garments manufacturers & exporters in Ready made Garments Industry of Bangladesh. As a requirement of Human Resource Management course‚ this project is prepared on Health & Safety issues in present
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Contribution of the RMG Sector to the Bangladesh Economy Debapriya Bhattacharya Mustafizur Rahman Ananya Raihan Centre for Policy Dialogue House No 40/C‚ Road No 11 (new)‚ Dhanmondi R/A‚ Dhaka-1209 Mailing Address: GPO Box 2129‚ Dhaka 1000‚ Bangladesh Tel: (880 2) 8124770‚ 9141703. 9141734; Fax: (880 2) 8130951 E-mail: cpd@bdonline.com; Website: www.cpd-bangladesh.org October‚ 2002 The Centre for Policy Dialogue (CPD)‚ established in 1993‚ is a civil society initiative to promote an
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