This research examines investment opportunities for Bangladesh's Readymade Garments (RMG) industry to contribute to the country's sustainable development goal (SDG). RMG's economic contribution is growing as a result of increased export earnings, industrialization, and employment of the country. This paper represents a combination of methods approach, depending upon descriptive and inferential statistics to assess the RMG sector's potential in the country. This analysis is crucial, as the developed world's current financial crisis raised doubts about the industry's long-term survival. This requires the investigation of substitute marketplaces that are less vulnerable to future economic collapse. This report suggests a few other marketplaces, including Brazil, China, South Africa, Russia and India.
Keywords: Woven Clothing, Export Promotion Bureau (EPB), RMG, BGMEA, BKMEA, and BRICS
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Review of Literature
- The Study's Conceptual Framework
- The Study's Methodology
- Significant Conclusions and Observations
- The Value of RMG Exports
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research explores investment opportunities in Bangladesh's Readymade Garments (RMG) industry with the aim of contributing to the country's sustainable development goals. The study analyzes the RMG sector's potential for economic growth and its ability to sustain exports in a dynamic global economy.
- The role of the RMG industry in Bangladesh's economic development.
- Diversifying RMG exports to new markets to ensure long-term sustainability.
- The impact of the global financial crisis on the RMG sector and its export revenue.
- Exploring potential alternative markets for RMG exports beyond traditional markets.
- Assessing the value of the RMG sector to Bangladesh's total export revenue.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the crucial role of the RMG industry in Bangladesh's economy, highlighting its contributions to export earnings, employment, and poverty alleviation. The chapter also emphasizes the need for diversification of RMG exports to new markets in light of the global financial crisis.
- Review of Literature: This chapter delves into existing research on the RMG industry in Bangladesh. It examines the industry's historical development, its contribution to economic growth, and the challenges it faces in a globalized market, including competition from other countries like China and India.
- The Study's Conceptual Framework: This chapter outlines the key concepts and definitions relevant to the study, including readymade garments, woven fabric, knitted fabric, and the meaning of export.
- The Study's Methodology: This chapter describes the research methods employed in the study, which primarily relies on secondary data collected from various sources including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), and the Export Promotion Bureau (EPB).
- Significant Conclusions and Observations: This chapter presents preliminary findings and observations on the value of RMG exports, emphasizing the sector's significant contribution to Bangladesh's national export revenue. The chapter also analyzes export trends, both from traditional and non-traditional markets, and highlights the importance of identifying new markets for RMG exports.
Schlüsselwörter (Keywords)
The study revolves around the Bangladesh Readymade Garments (RMG) industry, its role in sustainable development, and the search for new export markets. Key terms include: Woven Clothing, Export Promotion Bureau (EPB), RMG, BGMEA, BKMEA, and BRICS. These terms represent the core concepts and research focuses of the study, highlighting the industry's economic significance and its potential for further growth and diversification.
- Quote paper
- Al Moontasir Shifat (Author), 2021, Investment Opportunities for Bangladesh's Readymade Garments. Contribution in the Country's Sustainable Development Goal, Munich, GRIN Verlag, https://www.grin.com/document/1152022
