The Role of the RMG Sector in Bangladesh: Economic Impact and Global Positioning
Noor Ahmed Raaz
Specialized in Apparel Manufacturing
Owner and Editor in Chief Textile Merchandising
Asst. Prof., Department of Textile Engineering
Atish Dipankar University of Science & Technology
Email: textilemerchandising1@gmail.com
Introduction:
The ready-made garments (RMG) sector plays an important role in the total economy of Bangladesh. Nowadays RMG sector is a multi-billion-dollar earning business and export industry in Bangladesh. Therefore, this sector is the number one earner of foreign currency in Bangladesh. The journey of the RMG sector in Bangladesh started in the 1980s; since then, this sector has not looked back. RMG sector improves our GDP, which makes us new rising countries on the earth.
Role of RMG Sector in Bangladesh:
There are lots of roles RMG sector in Bangladesh. In the garment sector of Bangladesh, most of the workers are women. At least 80% of female workers are working in this sector. Therefore, the contributions of women workers are very important. Anyway in brief, the important roles are-
A Women Worker
Economic Role:
Bangladesh is a fertile field for RMG sector. It has brought revolution to its economy, contributing about 81% to its total foreign income, which was 3.89% in 1980-81. Therefore, RMG sector in Bangladesh acts as the vertebral column of our economy.
Solving the Unemployment Problem:
Bangladesh is one of the most densely populated countries in the world. With the increase of population, employment opportunities is not created accordingly. So a large number of its population is to remain jobless. But the growth of RMG sector has created job opportunities for more than 6 million people directly and about 30 million more indirectly.
Women’s Social Status:
In Bangladesh, the majority of workers in RMG sector are women. Women are not kept confined within the four walls of the kitchen only to cook. They are now incoming, which has changed their contribution in family and social decision-making.
Development of other Key Sectors of Economy:
The RMG sector stimulates the development of other key sectors of the economy and contributes to launce of some business firms like Bank, Insurance, Transport, logistics, Communication process, buying houses, liaison offices, money laundering etc.
International Relation:
RMG sector helps Bangladesh to make international relationships with other countries in the world. Bangladesh exports garments to different nations of the world such as U.S.A, UK, Germany, France and other E.U countries which make a better international relationship among the nations.
Mohammad Noor Nabi, known by his author name Noor Ahmed Raaz, is a PhD Fellow at Bangladesh University of Textiles (BUTEX) and the Founder & Editor of Textile Merchandising. He is also an Assistant Professor and Chairman of the Textile Engineering Department at a renowned university in Dhaka, Bangladesh. His research focuses on textile innovation and sustainability. Awarded the Research & Development Fellowship twice from the Ministry of Science & Technology in Bangladesh, Noor Ahmed Raaz is dedicated to advancing textile engineering through education, research, and industry collaboration. For inquiries or collaborations, contact Noor Ahmed Raaz via email at textilemerchandising1@gmail.com or WhatsApp at +8801673758271.