Reason for Growth in Bangaldesh Readymade Garment Industry

 

For Bangladesh , Readymade Garment Industry is one of the biggest developed and fastest growing sector in last 20 Years.

Garment Industry is one of the biggest sector for them to increase occupation and GDP for country.

Bangladesh Export Trade is dominated by Ready Made Garment Industry.

Below are some points why Bangladesh has edge to produce garments in lower cost-

1-Low cost labor

Bangladesh is having cheaper labor in comparison with near by country like India, China and Vietnam.

Bangladesh 85% garment industry labor are women and comes from villages so they are much more economical because of low daily wages.

2- Quota free textiles rules

Bangladesh has 90% access to all European and desirable quotas for Canadian and American markets.

3-Adopted world class technology-

All biggest garments factories are already equipped with modern cutting room( Automatic Spreading and Cutting) , barcode enabled management systems, latest sewing machines with hangers handling systems.

4- Inhouse Fabric Production Capacity-

IN spite of low production of cotton Bangladesh inhouse Fabric manufacturing are very good.

They import cotton with near by country and then do process for fabric production .Because of good set up of spinning and weaving mills they produce it in house.

5-Natural Gas & Cheap Cost Energy

Natural Gas is the most important fuel for Bangladesh.

In Bangladesh Natural Gas is used for Electricity generation and industrial process heating.

That is the reason they can get cheap cost energy.

Thanks.