Readymade Garment (RMG) industry holds a signalize position in the economy of Bangladesh in terms of irrelevant exchange earnings, employment generation and poverty alleviation. Right this instant RMG sector is the highest foreign currency earner in Bangladesh. obscure from contributing to huge foreign exchange earnings, RMG industry has establish the largest computer address of employment generation. The country has more than 4,000 factories employing between deuce and three million resolveers. The industry currently employs 1.5 million workers, near 80Â % of whom are women, many working in fantastic social conditions. It has been a major source of employment for homespun migrant women in a country that has increasingly special(a) rural livelihood options, and where women migrants have been largely excluded from formal work in the cities.
While agriculture for domestic consumption is Bangladeshs largest employment sector, the money gained from exporting cloths is the iodin greatest source of economic growth in Bangladesh. Exports of textiles, clothing, and ready-made garments accounted for 77% of Bangladeshs replete(p) merchandise exports in 2002. Only 5% of textile factories are owned by foreign investors, with most of the output signal being controlled by families or Bangladeshi companies.
Bangladesh was the sixth largest exporter of fit out in the world after China, the EU, Hong Kong, Turkey and India. I n 2006.IN 2006 Bangladeshs share in the world clothes exports was 2.8%.The US was the largest single market with US$3.23 billion in exports, a 30% share in 2007. Today, the US remains the largest market for Bangladeshs weave garments taking US$2.42 billion, a 47% share of Bangladeshs total woven exports. The European Union remains the largest regional destination-Bangladesh exported US$5.36 billion in apparel; 50% of their total apparel exports. The EU took a 61% share of Bangladeshi knitwear with US$3.36 billion export.
ORGANIZATION...If you want to get a full essay, array it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment