Swot Analysis

SWOT Analysis on Readymade line up Industry in Bangladesh RMG is the leading industry in Bangladesh. It is basically a effortful industry and it needs limited financial investment and comparatively simple technology compared to other high technical industries. The achiever story of Garment Industry in Bangladesh is the story as to how the readymade garments starting in the late seventies as an insignificant non-traditional item of export. In 1998-99 this area has earned 4019.98 million US$ through exporting which is 75.67% of the total export (Redwan, 1995). The tremendous mastery of Readymade Garment (RMG) exports from Bangladesh over last two decades has surpassed the most plausive expectations. At present Bangladesh is the 6th largest exporter to USA and in 1997 Bangladesh becomes eighteenth largest exporter in the world. Now Bangladesh ranks first export of T-shirts to Europe (BGMEA, 1997-98) The general impact of the readymade garment export industry is certainly wiz of the most significant social end economic developments in contemporary Bangladesh. The remarkable achievement of RMG sector is now clear to each and every country.

Despite these impressive achievements and the probable challenges in the near future, if properly managed, the prospects for further expansion and growth for this sector remain bright. There are some major threats unagitated exits in this sector but Bangladesh has the ability to overcome these threats. Readymade Garment (RMG) industry holds a key position in the providence of Bangladesh in terms of alien exchange earning, employment propagation and poverty alleviation. Right now RMG sector is the highest foreign bullion earner in Bangladesh. Apart from contributing to huge foreign exchange earnings, RMG industry has become the largest source of employment generation. some 2 million people are presently tough of whom 90% are distressed women in the RMG industry of Bangladesh. In addition a rough estimate shows that the... If you want to abbreviate a full essay, order it on our website: Orderessay

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