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Transcript of Gani Report
8/6/2019 Gani Report
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REPORT ON
Garment Industry in Bangladesh
Past, Present & Future
Submitted To
Abdul Gani
Lecturer
Faculty of Business Administration
University Of Development Alternative
Submitted By
Syed Amir Hamja-021101013
Batch- 27th
Submission Date: 2nd June, 2011
UNIVERSITY OF
DEVELOPMENT ALTERNATIVE
(UODA)
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2nd June,2011
Abdul Gani, Lecturer
Facult of Business Administration
Uni ersit Of Development Alternative (UODA)
Sub: ³Application for the submission of the report on Garments Sector In Bangladesh,
Past , Present & Future´
Dear ir
Wit due respect I would lik e to draw your kind attention to t is fact t at, I have prepared arepor t on Garments Sector In Bangladesh. This repor t consists of the history of the garments
sector in this country,its present condition and many more . I believe it¶s time to submit that repor t before you. It will be a matter of pleasure if you accept my repor t.
I, therefore request you to kind enough in accepting my repor t.
Obediently Yours
Syed Amir Hamja
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Acknowledgement
It¶s my great pleasure that we successfully completed our repor t on Garment ector In
Bangladesh. Firstly I¶m very thank ful to the Almighty Creator for giving us the oppor tunity
to turn our dreams into reality by prepar ing it. econdly, I express my gratitude to the
honorable course teacher Abdul Gani for selecting me to be the par t of this repor t. We have
also deeply ack nowledged to my fellow mate Anik Ahmed( East West University), Mehrab
hawn(Customer ervice Off icer, Grameen Phone) for co-operating me to prepare it.I have
en joyed my wor kings very much. Inspite of having all the effor ts, there may be some
unexpected minor mistak es in this repor t and I¶m extremely sorry for that but its hoped that
mistak es will not hamper in understanding the repor t. Finally, I expect that this repor t will be
considered as an especial document to k now more clear ly about the Garment sector .
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Ex ecutive Summery
This repor t is telling about the internal and external activities of Garment ector In
Bangladesh.A shor t prof ile of product has been mentioned along with sources of data fromwhere the information has been accumulated. Then product mix has been included on the
basis of questionnaire given at bi bliography and there the vacuumed pack of tea was named
as poly pack . A product life cycle, segmentation plan and targeting plan has been included
too. A char t of WOT analysis is telling about the internal and external factors of this tea
company. Af ter a successful analyzing, some recommendations have been suggested. Though
that¶s all about this repor t but its depth is hidden with the elaborate explanations of different
points.
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CONTENTS PAGE NO
1. Introduction««««««««««««««««««««««««««««.06
2. Ob jective«««««««««««««««««««««««««««««. 06
3. Methodology: Data ource
3.1 Pr imary Data««««««««««««««««««««««««««063.2 econdary Data««««««««««««««««««««««««.. 06
4. Limitations«««««««««««««««««««««««««..«««««..07
5. History Of the ector
5.1 The Beginning Episode«.««««««««««««««««««««««««.07
5.2 Present Condition of Garment Industry in Bangladesh«««««««««««.........08
5.3The Future«««««««««««««««««««««««««««««« 09
6. WOT analysis««««««««««««.««««««««««««....................10
7. Findings««««««««««««««««««««««««««««««««11
8. Recommendations««««««««««««««««««««««««««««.11
9. Conclution«««...««««««««««««««««««««««««««« 12
Bi bliography
TABLE OF CONTENTS
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The Ready-Made Garments (RMG) industry occupies a unique position in the Bangladesh
economy. It is the largest expor ting industry in Bangladesh, which exper ienced phenomenal
growth dur ing the last 25 years. By taking advantage of an insulated mar k et under the
provision of Multi Fi ber Agreement (MFA) of GATT, it attained a high prof ile in terms of
foreign exchange earnings, expor ts, industr ialization and contr i bution to GDP within a shor t
span of time.
The main ob jective of this repor t is to represent the internal and external image of activitiesof garments sector. It¶s k nown that at present many problems are r ising, so question is here
about is this sector is really doing well or not. o, another ob jective of this repor t is to explain
the reason that why problems are ar ising and what are solutions.
3.1 Pri ry Data
Pr imary data of this repor t has been included from-
� Different Garment factor ies of Bangladesh.
3.2 Secondary Data
Sources of secondary data are-
� Internet (Web site)
� Newspaper
� Magazine
1.Introduction
2.Objective
3. Methodology: Data Source
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There are many limitations of this repor t, but ma jors have been pick ed up and they are-
� Unsor ted information in web site.
� Lacking of proper co-operation from the higher author ity of different garments
owners..
� Lacking of cer tain research center on the different problems of this sector.
5.1 The Beginning Epi ode
Before the bir th of Bangladesh, the wor ld k new about it through a great element ³cloth´.
There was a reputation of local cloths in the developed countr ies. Gradually people of this
country star ted activities lik e manufactur ing dresses and expor ting those to other countr ies. It
happened because there was huge prof it; so very rapidly this sector star ted to wor k
professionally. And then garments industry gained a powerful position in this country.
Government also star ted to patronize it. So it was a signif icant star t. In recent years, the
Ready ±Made Garments (RMG) sector has emerged as the biggest earner of foreign currency.
The RMG sector has exper ienced an exponential growth since the 1980s.The sector
contr i butes signif icantly to the GDP. It also provides employment to around 4.2 million
Bangladeshis. An overwhelming number of wor k ers in this sector are women. This hasaffected the social status of many women coming from low income families. Since the late
1970s, the RMG industry star ted developing in Bangladesh pr imilar ly as an expor t ±or iented
industry although, the domestic mar k et for RMG has been increasing due to increase in
personal disposable income and change in life style, foreign exchange earnings and its
contr i bution to GDP. The Hundred percent expor t-or iented RMG industry exper ienced
4. Li itations
5.History Of the Sector
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phenomenal growth during the last 15 or so years. In 1978, there was only 9 export-oriented
garment manufacturing units, which generated export earnings of hardly one million
dollar.R eaz Garment, the pioneear,was established in 1960 as a small tailoring outfit, named
R eaz Store in Dha a. It served only domestic mar ets for about 15 years. In1973 it changed
its name to M/s R eaz Garments Ltd and expanded its operations into export mar et by selling
10000 pieces of men s shirts worth French Franc 13million toa Paris based firm in 1978. It
was the first direct export of garments from Bangladesh. Gradually many garment factory
was introduced.
5.2 Present Condition of Garment Industry in Bangladesh
Present condition of garment industry in this country considered as ³good´. Because if it is
analyzed nothing will be found except progress in this sector. Here I have counted from
fiscal year 1991 to fiscal year 2006.
The figure shows that export has increased gradually and on the other hand GDP has also
been increased. Now the life of a garment wor er has also changed. A fulltime wor er gets
ta a 7000 per month, gets medical and insurance facility and many more. The sector now
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9 dominates the modern economy in expor t earnings, secondary impact and employment
generated.
5.3 The Future
If it¶s about the future of this sector there will be lot of answers lik e- The wor ld textile and
clothing trade was wor th USD 527bn while Bangladesh¶s expor t was wor th USD 12.75bn in
2009. Thus, there is a tremendous oppor tunity for growth in Bangladeshi textile and clothing
industry provided that Bangladesh can maintain a vi brant and eff icient industry with the
lowest labor costs in the wor ld. Not only are those but also textiles and clothing products
sub ject to 12% duty in the EU. As per GSP rules Bangladesh is exempt from this duty, while
India and China must pay 9.6% and 12% duty respectively. Since beginning of 2011 k nit
expor t to the EU mar k et has increased sharply, par ticular ly due to the new rules. Now, more
than 70% of total k nit expor t from Bangladesh is shi pped to one of the EU member countr ies.
These trends are expected to continue. These symbols creating hope for this sector in each
and every second. Bangladesh is a leading garment and textile producing country. Af ter 70s
decade Bangladesh star ted its tour of business. That¶s a long history and also a glor ious
history to reach at that position. Now-a day¶s Bangladesh is considered as the best three
apparel and textile producing country. We mainly expor t garment products in USA, United
K ingdom, Germany and France. So in one word we can say that the garment sector is
contr i buting about ten million people directly or indirectly. About 76% of total expor t income
comes from this sector. For that reason it is impor tant for our country. The bank , insurance,
communication, por t, wor k er, employee all are depending on that sector.
In the 1980s, there were only 50 factor ies employing only a few thousand people. Currently,
there are 4490 manufactur ing units. The RMG sector contr i butes around 75 percent to the
total expor t earnings. In 2007 it earned $9.35 billion. This sector also contr i butes around 13
percent to the GDP, which was only around 3 percent in 1991. Of the estimated 4.2 million
people employed in this sector, about 50 percent of them are women from rural areas. USA is
the largest impor ter of Bangladeshi RMG products, followed by Germany, UK, France and
other E.U countr ies.
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6. SWOT analysis
Internal
(A)Strength
Very cheap laborer.
One of the leading RMG
expor ters in the wor ld.
Strong and fast distr i bution
activities.
(B)Weakness Labor unrest.
Ineff icient wor k force
External
(C)Opportunities
Can improve the quality.
One stop delivery service can be
launched.
(D)Threats Ineff icient wor k force can be
harmful for this industry.
Labor unrest can spoil the
reputation of a factory.
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07. Findings
Internal External
Lacking of eff icient manpower Lacking of proper distr i bution
Corrupted administration
Traditional manufactur ing process
08. Recommendations
� From manufactur ing to distr i bution, in each step, eff icient manpower should be
involved.
� Manufactur ing process should be modernized.
� Internal administration should be dr iven according to the standard rules.
� Wages of the wor k ers must be paid timely.
� Government should tak e some new steps for rapid growth of this sector.
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14. Conclusion
indicatiof the insurance, shipping, hotel, tourism, road transportation, railway
Garment sector is the largest employer of women in Bangladesh. The garment sector has
provided employment oppor tunities to women from the rural areas that previously did not
have any oppor tunity to be par t of the formal wor k force. This has given women the chance to
be f inancially independent and have a voice in the family because now they contr i bute
f inancially. As we all k now there was a global f inancial cr isis occurred on 2009, and
there was protest for wage and there was chaos but in spite of having these matters
garment industry in improving smoothly in Bangladesh. Its hoped that in near future this
sector will be more precious than anything else for our country.
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Bibliography
References
Kar im Man jarul, Owner (Steave Garment Ltd). Page no.0
htt p//:garmentsindustr ies in bangladsh Page,0
Documents: The Daily Prothom Alo, The Daily Star ( online
Version)
Page,0