Essay on garments industry in bangladesh

About essay
In: Business and Management. Even though there was little growth and development in the country as a whole; one particular sector, the Readymade Garment RMG industry was the beneficiary of privatization. From 0. This industry employs 1. Trade liberalization as a form of globalization followed by the imposition of quotas by US was the key input while entrepreneurs played the anchor role to take advantage of these conditions. Government also came forward with favourable policies for further growth.
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Textile industry in Bangladesh

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Assignment on Garments Industries in Bangladesh - Assignment Point

The tremendous success of readymade garment exports from Bangladesh over the last two decades has surpassed the most optimistic expectations. Today the apparel export sector is a multi-billion-dollar manufacturing and export industry in the country. The overall impact of the readymade garment exports is certainly one of the most significant social and economic developments in contemporary Bangladesh. With over one and a half million women workers employed in semi-skilled and skilled jobs producing clothing for exports, the development of the apparel export industry has had far-reaching implications for the society and economy of Bangladesh. Literature Review:.
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Overview of Garments Industry in Bangladesh

The ready-made garment RMG industry of Bangladesh has started in the late s and became a famous player in the economy within a short period of time. The industry has contributed to sell overseas income, foreign exchange income, employment conception, poverty mitigation and the empowerment of women. The export-share system and the convenience of cheap labor are the two main reasons at the back the achievement of the industry.
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Globalization has hit the populations of the third world hard. Unemployment has risen as established industries have been destroyed and poverty has deepened. Yet the organizations that clear the way for Foreign Direct Investment do have something to be proud of in Bangladesh — the rapid expansion of the garments industry, which now employs approximately 1. However, for these workers the joy of having a job is marred by the harsh conditions they endure in the workplace. This is obviously the most attractive feature for investors, on top of tax breaks and other incentives on offer.
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