The garments industry in Bangladesh is a major contributor to the country's economy, comprising over 80% of Bangladesh's total export value. The industry has experienced rapid growth in recent years, with the number of factories increasing from just a few hundred in the 1980s to over 5,000 today.
One of the key reasons for the growth of the garments industry in Bangladesh is the country's low labor costs, which are among the lowest in the world. This has made it an attractive destination for global brands looking to produce clothing at a lower cost. In addition, Bangladesh has a large and growing population of young, low-skilled workers who are willing to work in the garments industry.
However, the garments industry in Bangladesh has faced a number of challenges and controversies. The most notable of these is the issue of worker safety, which came to international attention in 2013 with the collapse of the Rana Plaza factory in Dhaka, which killed over 1,000 workers. Since then, there have been efforts to improve working conditions and safety standards in the industry, but these have been met with mixed results.
Other challenges facing the garments industry in Bangladesh include low wages and poor working conditions for many workers, as well as environmental concerns such as water pollution and waste management. Despite these challenges, the industry remains a vital part of the country's economy, and efforts are ongoing to address and improve upon these issues.
Overall, the garments industry in Bangladesh plays a crucial role in the country's economy, but it also faces significant challenges in terms of worker safety, wages, and environmental sustainability. It will be important for the government and industry stakeholders to continue working to address these issues in order to ensure the long-term success and prosperity of the sector.
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The RMG has provided an excellent opportunity for them to get employment, bringing a significant change in the demographics of the work force of the country. In the present situation, the economic development of this country is not possible without the development of the industry. Due to conservative norms and values that exist in the country, women are not able to work in all kinds of industries. Reputation of this sector is high which underpins the success of this sector. There are 30,000 looms currently operating within the garment industry, with 17,000 of them shuttleless. These include the implementation of energy-efficient technologies, the promotion of eco-friendly production methods, and the adoption of sustainable sourcing practices. In the statistics the impact may be huge but the condition of Bangladesh is not improving at that satisfactory level.
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There is a huge market of employment based on this potential sector. If the nations of Europe are taken independently, that makes Canada the 7th largest market for the industry. The quantity we are exporting is huge but at a very low price. We can see this by the price level of our garments products in the world market. As per the BTMA, there are 430 yarn manufacturing mills, 802 fabrics manufacturing mills, and 244 dyeing-printing finishing mills in Bangladesh, along with 32 denim fabrics manufacturing mills and 22 home textile manufacturing mills.
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In response to these challenges, the government of Bangladesh and international organizations have implemented a number of measures to improve working conditions and labor rights in the industry. Since 2005, due to the quota system, Bangladesh enjoys special privileges for garment export. Women are leaving their employment in the informal sector where they mostly worked as housemaids. What percentage of clothes are made in Bangladesh? Because of these unique structures, growth will always be strong within this industry. Moreover, due to the low wage structure of the workers, the decline in prices in the global market, the gas and power crisis, the limitation of exports, the shortage of capital, the underdeveloped infrastructure and mismanagement, the deterioration of the law and order situation, etc. Only 17 of 72 apparel and footwear companies within the Bangladesh garment industry have agreed to implement a transparency pledge regarding worker conditions. These industries have employed fifty lacs of people and 85% of them are illiterate rural women.
