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Bangladesh garment exports set for bigger goals


The readymade garment industry in Bangladesh is a major contributor to the country’s economy, accounting for more than 80 per cent 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 readymade garment 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 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. A number of policies have been implemented to support the garment industry, including tax holidays and duty-free imports of machinery.

Additionally, infrastructure development, such as building special economic zones,has attracted foreign investment.Despite the challenges, the 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.


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