·
Financial Prospect:
Over the last fifteen years or so
the garments industries have emerged as the largest source of earning foreign
currency.
Industry
Sector:
2.5 In the industry sector, which
contributed 29.7 percent of GDP, growth rate slowed down from 6.8 percent of
FY08 to 5.9 percent in FY09. Within
this sub-sector knitwear, rice milling, dairy products, leather products,
footwear, embroidery, wooden furniture, paper and paper products, nonmetallic
mineral products etc. showed substantial growth in the first six months of
FY09.
Despite global
economic rescission, woven garments and knitwear, the country's key export
industry, showed substantial growth in FY09. Exports of woven garments and
knitwear achieved 14.5 and 16.2 percent growth respectively during FY09.
[To illustrate
these topics more specifically we can use the references of previous table no.:
3 & 4 of page no.: 05 & 06.]
According to
Export Promotion Bureau (EPB), Bangladesh , during the FY-2008-2009, contribution of the
major export items were Ready made garment (Knit-41.31%, Woven-38.02%).
In
the July-November period of the current fiscal year, Bangladesh exported woven garments
worth $2.13 billion and knitwear items of $2.59 billion, with the share of
garments in national exports increasing.
The share of RMG products reached 77.17
percent in the July-November period from 77.15 percent in July-October of the
current fiscal year.
The share of woven garments in the
total exports of the country was 34.84 percent and that of knitwear (including
sweater) was 42.34 percent.
·
Employment Prospect:
After the emergence of Bangladesh radical change has come
to our garment sector. Garment industries
started working from the 10's of the late century. At present there are about 3500 garment
industries in the country and 80 percent of them are in Dhaka .
The rest are in Chittagong and Khulna . These Industries have employed fifty lacks of
people and 90 percent of them are illiterate rural women. About 80
percent of our export earning comes from this sector.
Formal
paid employment at end of March 2009 totalled 20,326, declined by 1,768 from
the comparable 2008 period. The drop was largely dominated by the decline of
1,324 in the secondary industry followed by the declines of 544 and 12 in
tertiary and primary sectors whilst the public administration industry had
increased by 111 respectively.
Table-5: Employment in
RMG Factories in Fiscal Years1996/97-2005/06:
Ready Made Garments,
for the last couple of decades, have been the life- line of Bangladesh 's
economy. At the last count, the sector accounted for nearly 80 per cent of
export earnings. Consequently, it provides profits for the currently surging
consumer class that drives the economy further forward and jobs for hundreds of
thousands of semi-skilled workers, mostly women, who in turn provide livelihood
for millions
And woman
entrepreneurship is practiced here from the very beginning. As one of the
oldest export-oriented garment factories, the Baishakhi Garment in 1977. Still
our Industries have employed fifty
lacks of people and 90 percent of them are illiterate rural women. Many women hold top executive positions in RMG industry.
·
Political Prospect:
With the rise of Industrialization
specially RMG sector activities of many Ministry as Ministry of Industries, Ministry of Textile
& Jute, Ministry of Trade, Ministry of Foreign Affairs, Ministry of State
and related Government Institutions become more pro-active in sense of overall
development of the country. Many institutions raised to assist this sector like
BGMEA, BKMEA, ITET and many more which act as the representative of this sector
to collaborate with Government. In July 1996, 2,357
garment factories were registered with the Bangladesh Garment Manufacturers and
Exporters Association (BGMEA). The growth has indeed been phenomenal, since the
ready-made garment industry began modestly as late as the 1970s.
Creation
of a separate ministry would unburden the ministry of industries. And the Bangladesh
Garments Manufacturers and Exporters Association (BGMEA) have been justifiably
pleading for long for the creation of a separate ministry to exclusively deal
with RMG issues. So far, the suggestion failed to create any impact on the
government.
More on in case in joint venture projects
related ministries political activities become more meaningful with the rise of
RMG industries in Bangladesh .
Bangladesh has many joint
venture projects with China ,
Korea , Japan , India etc.
This helping
attitude, in turn, would have had a beneficial spillover effect on the
political climate, which would have improved the prospects of cooperation in
other areas.
·
Cultural Prospect:
In EPZ’s and in outside factories many
foreign workers, technicians, engineers work with Bangladeshi related persons.
Though these RMG industries we become able to enrich & expand our culture
and cultural identity and trends with the whole world. So this is a great
opportunity for Cultural Prospect of Bangladesh.
More on, in these industries, people
tethered from all-over the country, from different parts, having different
trend & culture. Through the expansion of RMG industries, people there get
opportunity to meet with different cultural traditions.
Now-a-days world of Fashion & Dresses
moving forward rapidly. And most important contribution of this movement is the
contribution of RMG sector. It is surely helping the Culture of Bangladesh in
the way of prospect with a strong hand.
·
Social Prospect:
In light of growing competition among
readymade garment (RMG) exporting countries and consumers' preference for
products which meet internationally recognized social standards, it is
essential for Bangladesh 's
RMG suppliers to improve social compliance in their factories.
Training and upgrading the skills of
government inspectors, social compliance trainers and especially factory staff,
including midlevel managers and workers, is a necessity.
Factory Impacts:
A survey revealed that in most factories
where PROGRESS has trained social compliance professionals, social compliance
has improved. The following good practices were noted:
Senior factory management is involved n
social compliance training, and at least one senior officer is responsible for
social compliance. The senior social compliance officers up-date their social
compliance knowledge regularly and have good relationships with supervisors and
workers. Floor supervisors and workers assisting in social compliance
activities are regularly trained and supported by the senior social compliance
officer. Employees receive special training, for instance, on reproductive
health and HIV/AIDS prevention. Workers are more knowledgeable about labor law
issues and the handling of administrative procedures. Workers' sense of
responsibility towards their factory has increased. Communication and
relationships between management and workers has improved. Grievance handling
has improved. Protective equipment is regularly used. Housekeeping has improved. The accident rate is low.
· Environmental Prospect:
With the rise of RMG industry
the utilization of nature and natural resources become more. To give back-up
the RMG industry many backward linkages rise as spinning, weaving, knitting,
dyeing, finishing and many others. If all these factories follow Eco-friendly
technologies then Environmental Prospect can be ensured.
There is nothing more to mention
about the Environmental Prospect with the rise of any kinds of industry. But
Eco-friendly technologies like Effluent Treatment Plant (ETP) can be used to
keep nature livable to the next generations.
·
Prospect of Women
Contributions:
The Bangladesh
Table-5: Women Employment in RMG
industries in the 1990s:
Post a Comment