Najiya's blog

  The largest manufacturing sector and the greatest contribution to Bangladesh's GDP is the readymade garments industry. Bangladesh currently exports ready-made clothing in the second-largest volume in the world, with an annual export value of almost $30 billion. Despite global COVID-related uncertainties, Bangladesh's export earnings reached an all-time high of USD 52.08 billion in FY22. As usual, Readymade Garments (RMG) garnered the lion's share, garnering USD 42.61 billion. There are over 4000 garment factories in Bangladesh and the number is only growing with time. The top 10 Leading garment factories in Bangladesh include Posh Garments Ltd. History of the Garment Industry in Bangladesh Since the late 1970s, the RMG industry started developing in Bangladesh primarily as an export-oriented industry although; the domestic market for RMG has been increasing fast. In terms of employment, earnings from foreign exchange, and GDP contribution, the industry quickly acquired a ...

The largest manufacturing sector and the greatest contribution to Bangladesh's GDP is the readymade garments industry. Bangladesh currently exports ready-made clothing in the second-largest volume in the world, with an annual export value of almost $30 billion. Despite global COVID-related uncertainties, Bangladesh's export earnings reached an all-time high of USD 52.08 billion in FY22. As usual, Readymade Garments (RMG) garnered the lion's share, garnering USD 42.61 billion. There are over 4000 garment factories in Bangladesh and the number is only growing with time. The top 10 garment factories in Bangladesh include Posh Garments Ltd. History of the Garment Industry in Bangladesh Since the late 1970s, the RMG industry started developing in Bangladesh primarily as an export-oriented industry although; the domestic market for RMG has been increasing fast. In terms of employment, earnings from foreign exchange, and GDP contribution, the industry quickly acquired a hig...