TF News Desk: The ready-made garments (RMG) industry in Bangladesh is a major contributor to the country’s economy, accounting for more than 80% of its total exports. The industry has grown rapidly over the past few decades, driven by a combination of low labor costs, government support, and an abundance of skilled workers.
In the early days of Bangladesh’s RMG industry, the country primarily exported low-end products such as T-shirts and basic pants. However, over time, the industry has evolved to include higher-end products such as denim and technical textiles.
The Bangladeshi RMG industry is heavily reliant on exports, with the United States and European Union being the largest markets for its products. Other major markets include Canada, Japan, and Australia. The industry has faced some challenges in recent years, such as the rising costs of labor and the need to improve working conditions and safety.
The Bangladeshi government has implemented a number of policies to support the RMG industry, including tax holidays and duty-free imports of machinery. Additionally, the government has invested in infrastructure development, such as building special economic zones to attract foreign investment.
Despite the challenges, the Bangladeshi RMG industry is expected to continue growing in the future. The country’s low labor costs and abundance of skilled workers will likely remain key advantages, and the government’s support is also likely to continue. However, the industry will need to focus on improving working conditions and safety, as well as addressing other issues such as sustainable production and environmental protection, to remain competitive in the global market.
These are popular in many countries and are in high demand due to their low cost and good quality. The following are the top 10 RMG export items from Bangladesh to the world:
Overall, Bangladesh’s RMG industry has been growing rapidly in recent years, driven by a combination of low labor costs, government support, and an abundance of skilled workers. These top 10 RMG export items are the main contributor to this growth and are in high demand in many countries around the world.