Rapid modernisation in RMG sector needed

RMG sector serves as a source of flagship product of our country. It also increases people's interest in Bangladesh both as travelling spot and investment destination. The sector occupies an important place in Bangladesh economy and a distinct position in global market. Bangladesh is known in the global market as 'a small country with a strong presence' for its thriving RMG sector.
According to BGMEA report, the country has hitherto around 5,600 active garments factories, employing nearly four million people directly. It continues to show robust performance, competitive strength in global market. In FY 2012-13, the income of the RMG sector was to the tune of US$ 21.52 billion out of the total export earning of US$ 27.09 billion, according to the report of Export Promotion Bureau (EPB). RMG's contribution to total export in 2013 was 79.63 per cent with an increase by 1.03 per cent of total export in 2012. Rapid modernisation in this sector will help increase its income and thus strengthen the economy.

Tanbir Uddin Arman
Research Assistant
Bangladesh Institute of
Peace and Security Studies
(BIPSS)
DOHS, Baridhara
Dhaka
tanbirarman30@gmail.com