I chose practice-led research as my research method because I was not familiar with the industrial production and constructions of clipped designs.
Bangladesh in one of the 48 least developed countries measured in terms of per capita income, literacy rate and contribution of manufacturing to GDP.
Foreign trade policy in this regard can contribute in alleviating poverty by encouraging investment in those industries that are based on labor intensive technologies and allow women to be included in labor force. So far entrepreneurs of RMG are not directly involved in international marketing.
But after the year the market will be open for all the producers and they will have to take the responsibility to market their products directly. The RMG sector has experienced an exponential growth since the s.
The sector contributes significantly to the GDP. It also provides employment to around 4.
An overwhelming number of workers in this sector are women. This has affected the social status of many women coming from low income families. Bangladesh-origin products met quality standards of customers in North America and Western Europe, and prices were satisfactory.
Business flourished right from the start; many owners made back their entire capital investment within a year or two and thereafter continued to realize great profits. Some 85 percent of Bangladeshi production was sold to North American customers, and virtually overnight Bangladesh became the sixth largest supplier to the North American market.
After foreign businesses began building a ready-made garment industry, Bangladeshi capitalists appeared, and a veritable rush of them began to organize companies in Dhaka, Chittagong, and smaller towns, where basic garments--men's and boys' cotton shirts, women's and girls' blouses, shorts, and baby clothes--were cut and assembled, packed, and shipped to customers overseas mostly in the United States.
With virtually no government regulation, the number of firms proliferated; no definitive count was available, but there were probably more than firms bywhen the boom was peaking. After just a few years, the ready-made garment industry employed more thanpeople.
According to some estimates, about 80 percent were women, which was never noticed previously in the industrial work force.
Many of them were woefully under paid and worked under harsh conditions. The net benefit to the Bangladeshi economy was only a fraction of export receipts, since virtually all materials used in garment manufacture were imported; practically all the value added in Bangladesh was from labor.
Ready-made garments manufactured in Bangladesh are divided mainly into two broad categories: Shirts, T-shirts and trousers are the main woven products and undergarments, socks, stockings, T-shirts, sweaters and other casual and soft garments are the main knit products.
Woven garment products still dominate the garment export earnings of the country. Although various types of garments are manufactured in the country, only a few categories, such as shirts, T-shirts, trousers, jackets and sweaters, constitute the major production-share.
Economies of scale for large-scale production and export-quota holdings in the corresponding categories are the principal reasons for such a narrow product concentration. Recent surveys carried out by the consulting firm McKinsey and the accounting firm KPMG identified attractive prices as the most important reason for purchasing in Bangladesh.
Price levels will remain highly competitive in the future, since significant efficiency increases will offset rising wage costs.The textile industry in India traditionally, after agriculture, is the only industry that has generated huge employment for both skilled and unskilled labour in textiles.
The textile industry continues to be the second-largest employment generating sector in India. a conceptual study on efficient working capital management practices, dr.
loluru nagarjuna & prof. m. mutyalu naidu, isbn: , pages , rs Dear Twitpic Community - thank you for all the wonderful photos you have taken over the years.
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9. CHALLENGES TO BE FACED BY BANGLADESHI ENTREPRENEURS: A PERSPECTIVE OF INTERNATIONAL MARKETER Comparative advantage of existing cheap labor will help to continue RMG industry in Bangladesh if the future trade in textile and clothing depends on .
The Thesis Entitled "A Study of Competitiveness of Indian Textile & Clothing Industry in WTO Era" being submitted by Mr. Pradeep Joshi to Indian Institute of Technology; Delhi for the award of the degree of Doctor of Philosophy is a. AXIS AND ALLIED PROPAGANDA TO INDIAN TROOPS.
SGM Herbert A. Friedman (Ret.) Note: My article "Bank Notes of the Free India Movement" was awarded an achievement certificate in from the International Bank Note Society.