The prospective ready-made garments sector of Bangladesh

The garment industry is the main driving force of the economy of Bangladesh. The garment industry’s contribution to accelerating the economy of the country is immense. Bangladesh is primarily an agricultural country. However, there is no way to deny the contribution of industrial establishments and industrial establishments in the national economy. And in this case, the contribution of garment industry is undeniable. It is the demand of the time. Bangladesh has earned a great reputation in the ready-made garment industry. The garment industry has an important role in the export business. The industry is playing an important role in solving problems of employment, employment and economic development, and in particular women’s employment. Bangladesh has been recognized by the industry as a new acquaintance. This sector has been contributing significantly to the achievement of foreign currency and GDP. Along with the expansion of clothing industry, textiles, yarn, anus A materials, packaging, etc. The journey of achievement Starts and achieve the journey In Bangladesh, the first phase of garment industry started in the 1970s. The first shipment of Bangladesh was exported in 1978. Subsequently, the interest of foreign buyers increased and this industry grew rapidly. In 1981-82, the contribution of this sector to the total export earnings was only 1.1%. In March 2010, the garment industry’s contribution has increased to 76% of total export earnings. Over time, the clothing was further expanded into oven and knitting subdivisions. After then Bangladesh did not have to look back. The day-to-day surveillance of clothing exports is increasing. In the year 1989-90 fiscal year only 6 billion dollars. Encouraged by this, a group of entrepreneurs started investing in this sector. As a result, the export earnings increased a lot in the next 5 years. In the fiscal year 1994-95, export revenues in the readymade garment sector rose to $ 223 million. Many people feared that the export of ready-made garment exports would decrease after the World recession was seen in 2008. China, Mexico, Thailand and other countries have reduced export of ready-made garments. As a result of the visit of Prime Minister Sheikh Hasina to India in January 2010, she has opened up the export of ready-made garments according to the quota as well as the big achievements of bilateral issues. In the 2011-12 fiscal, the total export of garments was $ 19,089.73 million, which increased to 21,515.73 million US dollars in the 2012-13 fiscal year and up to December 2013-14 fiscal year 9,653.25 million US Dollar In the first four months of this fiscal year, the sector achieved 882.44 million US dollars, which increased by 7.88 percent compared to the first four months of the previous fiscal year. With the increase in export earnings, the number of garment factories in Bangladesh is also increasing. Currently, there are about 5,000 garment factories in Bangladesh. From which a large amount of clothing is being produced. In the 90’s, this industry gets a new dimension in the widespread participation of women. At present, 80 percent of all workers in this industry are women workers. Many large multi-colored full-fledged garment factories have been established in Bangladesh. As the post-connectivity industry develops, Bangladesh’s position in the competitive market has become more consolidated than before. The main controller of development in Bangladesh has come on many different times in this garment industry. Crisis, including political, social and economic, has hampered the progress of garment industry. Tazreen garment factory fire in November 2012 and the Rana Plaza collapse on April 24, 2013, not only confined the world but made the world astounding. But due to the government’s decision and due diligence, this sector turned around.

Government role

In order to encourage the workers, the government has given various facilities including tax benefits in the export sector for the purpose of encouraging exports, as the government has enacted legislation in the interest of workers in various fields, including construction of infrastructure, fire extinguishing, work environment development, fixation of minimum wage allowance. And take steps to provide special training to prevent accidents. The government has taken more initiatives to proceed the garment sector. Among them, one of this is Health insurance which has increased future lives of workers, promises health protection. As a result, the labor attendance rate has increased. Experts say this initiative will create health insurance for the country’s lower-income workers. The UK’s donor agency DFID is providing financial assistance. It has also affected the production. Production was more than the same time of August this year compared to August-September last year. Recently, a three-day training program was organized on ‘Fire extinguishing, rescue operations and primary treatment’ organized by Poshmi Sweaters. The training was organized to enable the factory officials and employees to take appropriate action at the earliest. A total of 50 people were trained in this. The Training Program has been organized by BGMEA’s Fire Safety Cell of Garment Manufacturers’ Association. In addition to the development of garment factories, loans will be available up to 6 percent interest rate. Owners of garment factories in Dhaka, Narayanganj, Gazipur and Chittagong get short and long-term loans to keep the buildings safe. This loan can be found by the liable of Japan International Cooperation Agency (JICA) ‘Urban Building Safety Project. The Bangladesh Bank has issued a notification in this regard. But to get this loan still wait for few days. The total size of the project fund including the technical assistance component is 424 million Japanese Yen. The size of the loan fund is 41.29 million Japanese yen. Bangladeshi currency which is about Tk 298 billion Better Work Program To ensure labor rights and increase productivity, Bangladesh’s 225 ready-made garment factories will be covered under Better Work Program by June. There are currently 98 garment factories under this program. Better work programs are conducted in seven countries, Bangladesh, Cambodia, Indonesia, Vietnam, Jordan, Haiti and Nicaragua. The Better Work Program is being conducted to improve the productivity, quality and competitiveness of factories in the global supply system and to improve the indoor work environment. HNDM, PVH, Next, Unicello, Puma, Li. And Fang, as well as Nike, has been a partner of various brand programs. In the 1970s, a small plant was cultivated which called Garment Industry, is today the economical bot tree of Bangladesh. 76% of the country’s export earnings come from this sector. BGMEA President Mr. Siddiqur Rahman said, “Now our vision is to win the market of Europe, America’s market.” Tens of thousands of entrepreneurs involved in this industry and the untiring efforts of millions of workers today, Bangladesh has been able to move its position to the unique height in the international market. By 2021, the growth of this sector will make the golden opportunity of making our middle-income country ahead of the $ 50 billion export earnings challenges.

Written by: Tanbir Hossain

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