Bangladesh’s apparel industry has changed dramatically over the nearly 40 years since its inception, enjoying rapid expansion, employing some four million people (with 65 percent of the workforce being female) and contributing over USD 32 billion to the nation’s economy last year.
Although the country’s readymade garment (RMG) industry is well-positioned, ranked the second largest globally after China, and is the largest contributing sector to the nation’s economy, all of us involved in the RMG business are aware of the intense competition that exists in the global textile industry. We can no longer assume that reliance on a low-cost workforce will ensure the future success of our industry……….
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