This is the era of globalization and the Garment industry of Bangladesh has been known as a brand in the developed countries and the role of garments sector in Bangladesh is huge. Because there are sufficient manpower, low cost labor market and the geographic location, Investors from the developed world are always investing in the Bangladeshi RMG sector. In 1978, there were just nine factories and 0.069 million dollars in the foreign exchange. But in 2017-2018, Bangladesh earns more than 30 billion dollars of foreign currency through the Readymade Garment exports, and the number of factories in this industry stands more than 6000. Readymade garments exports saw 8.76% growth last fiscal year. Not only that but also Bangladesh has demonstrated its immense potential by gaining the world's second-place in readymade garment exports. Until now in more than 150 countries "Made in Bangladesh" garment is being exported. What Role RMG is Playing in Bangladesh? The industry
Roles of Garments Sector in Bangladesh