RMG value addition stands at 73.82pc in Q1

Local value addition of the country’s Ready-Made Garments (RMG) industry stood at 73.82 per cent in the first quarter (Q1) of the current fiscal year (FY18).

The quarterly review report of the central bank on RMG sector unveiled the scenario. It calculated the local value addition on the basis of the raw materials import.

The value of the back-to-back import stood at $1.87 billion in July-September period of the current fiscal year while the total value of RMG export stood at $7.14 billion.

Thus, the ratio of the basic material import stood at 26.18 per cent in the first quarter of the current fiscal year.

Local value addition has been almost static in terms of ratio for the last few years, according to the central bank estimation.

“The average value addition from FY10 to FY17 through export of RMG is almost 75.0 per cent,” said the central bank review report.

In the last fiscal year, local value addition in the RMG sector stood at 75.08 per cent.