Barriers of Readymade Garment Industry in Bangladesh

Abstract

At presents in global market, both the quality of garments and the working environment cherish the retailers and manufacturers. The Readymade Garment sector exports constitute about 76% of Bangladesh's annual export. Garments sectors also provide employment to 1.80 million females and indirectly 10 to 12 million people. The global clothing trade phase out of quota restrictions and forming of trade blocs has become a reality. RMG industry has been able to show its robust performance and competitive strength. There is $5 billion worth of exports made by Bangladesh globally. Bangladesh's economy will be affected by the issue of quota system. The quota system has particular significance for the export of Bangladesh apparels to the foreign market. Bangladesh is largely struggling for the country's garment industries day by day. The garment industry of Bangladesh has been the key export division and a main source of foreign exchange for the last 25 years. Many workers block roads, attack factories, goes on strike, destroy cars and buildings. Every day telecasts news of fresh strikes in a variety of industries, mainly the ready-made garment (RMG) sector. The shift from a rural economy to an urban, industrial economy is integral to the process of economic development by proper using of readymade garments. This article presents a detailed narration of the evolution of the RMG sector from its humble origins to the present day.