Switzerland-based International Textile Manufacturers Federation (ITMF) is one of the oldest global organisations, which has been serving the world textile sector since 1904. This knowledge-based body is an international forum for the world's textile industries, dedicated to keep its worldwide memb
The local accessories makers meet more than 90 per cent of the country's readymade garment (RMG) sector's demand and also that of the pharmaceuticals, leather, frozen fish and agro-based industries, especially in the form of packaging products. The sector now imports only 5-10 per cent of the acces
Investment is the prime vehicle for a country's overall development and progress, especially in the developing countries like Bangladesh. The contribution of Foreign Direct Investment (FDI) and local investment in the economic sector is immense. Investment is inextricably linked to foreign exchange
The readymade garment (RMG) industry is the leading sector in Bangladesh in terms of foreign exchange earnings. It accounts for 80 per cent of total export earnings. In Bangladesh, 4.4 million people are working in around 5,000 garments factories and approximately 80 per cent of them are female. Ba
The readymade garment (RMG) sector is one of the economic lifelines of the country, but a bottleneck hampers the efficiency and productivity of the industry significantly. It is a hard fact that the industry has been suffering from a lack of skilled workforce. Enterprise-based training (EBT) is a m
The launch of a pilot phase for a four-year project in April this year to map the readymade garment (RMG) factories in Bangladesh ushered in a new chapter of accountability and transparency in the country's apparel export business. The Centre for Entrepreneurship Development (CED) of BRAC Universit
The readymade garment sector emerged through the establishment of several thousand factories. The following table gives the distribution of factories according to the employment size. There were 5,000 factories at the time of these listings and it will be about the same now. The median factory had
Bangladesh has set an export target of USD 50 billion by 2021 for the readymade garment (RMG) sector. The target appears slightly ambitious and sceptical about its attainability after the Holy Artisan Bakery incident in 2016, following which many buyers and foreign nationals became worried about th
Many of us may not be aware of the fact that the World Water Day is an annual event observed on March 22 as a means of focusing attention to the importance of freshwater and advocating for the sustainable management of freshwater resources. So, let's commit to not wasting a single drop of water, to
One of the common reasons why someone is being labelled by his/her staff members as a "boss from hell", quite not surprisingly, is micromanagement. Other descriptions associated with this "crime" include being a control freak, tireless follow-ups, constantly watching over staff members' shoulders,
SNV Netherlands Development Organisation piloted an inclusive business project in the readymade garment (RMG) industries of Bangladesh with funding support from The Embassy of the Kingdom of Netherlands (EKN). The aim of the project is to test viable business solutions to improve workers' health wh
FE Photo Someone has to tell the truth.The RMG sector faces difficulties that have been growing steadily and have reached crisis levels. These difficulties must be faced and remedied. Otherwise, the future is bleak. There are five serious problems the RMG sector must recognise and act upon. 1. Dem
