Garment industries in Bangladesh

Garment industries in Bangladesh

Garment industries in Bangladesh

The garment industry is a major sector in Bangladesh's economy and one of the country's largest sources of employment. Bangladesh is one of the leading global textile and clothing producers, particularly for low-cost clothing. As of 2021, the country's garment exports are worth over $40 billion, with Europe and North America being the largest markets. The industry employs over 4 million workers, mostly women, and contributes over 80% of Bangladesh's total export earnings.

However, the industry has faced numerous challenges in recent years, including worker rights violations, safety issues, and environmental degradation. In 2013, the collapse of the Rana Plaza factory complex brought attention to the dangerous working conditions in many Bangladeshi garment factories, leading to calls for increased safety standards and better working conditions for workers.

In response to these challenges, the Bangladesh government has implemented reforms to improve the industry's labor and environmental practices, and international organizations and corporations have taken steps to support the industry and improve its practices. Despite these efforts, the industry continues to face challenges, including low wages and poor working conditions, and the COVID-19 pandemic has had a significant impact on the industry.

Despite these challenges, the garment industry in Bangladesh remains an important part of the country's economy, and efforts must continue to be made to ensure sustainable growth and development in the sector.

Which is the biggest garments factory in Bangladesh?

Among the various garment manufacturing companies in Bangladesh, Epyllion Group is one of the largest. The group started with two sewing lines and 200 employees in 1994. Today, it employs over 20,000 people in more than 78 sewing lines. It also has significant knit garments and accessories units.

How big is the garments industry in Bangladesh?

In the last seven years, Bangladesh's garment industry has increased its annual revenue from $19 billion to $34 billion—a 79 percent rise. This makes the country the second largest exporter of garments in the world, with the sector accounting for 80 percent of Bangladesh's total export earnings.

What is the Bangladesh garment industry?

The ready-made garment (RMG) industry is a mainstay of this economic success story: Bangladesh is today one of the world's largest garment exporters, with the RMG sector accounting for 84 percent of Bangladesh's exports.