Home / Knowledge / News / Apparel/Garments / RMG sector uprises despite hurdles
RMG sector uprises despite hurdles
07
Jan '09
Although tumultuous, last year has been quite productive for the Ready made garment sector in terms of export.

The RMG sector, one of the biggest foreign exchange earners for Bangladesh has struggled to cope with severe competition from their Chinese counterparts since, quotas on Chinese products lapsed on January 1, 2009.

Even severe labour unrest and continuous strikes in manufacturing units also deteriorated its condition. Hike in yarn prices, high input and energy cost further added to the woes of the production units.

But the good news is the RMG sector overpowered all these troubles and fetched rosy revenue by exporting to various destinations. During this period the country succeeded in exploring some new markets like Japan, Romania, Poland, South Africa and Russia. These new markets helped to curtail the impact of global financial recession.

It was a momentus moment when Bangladeshi Government gave the approval to export RMG workers to Russia in July.

In this regard Mr Mostaqur Rahman, Deputy General Manager (DGM), Noman Group told Fibre2fashion.com, “Although quota ended in January, we did not face any problem. Yes, input cost in the production has gone up by manifolds but it can be saved though international cost saving.”

Talking about drooping international demand for RMG, Mr Rahman stated, “Current recession has not affected us much as we are producing basic items and demand for these products will always be there.”

According to the DGM, Government will make policy very shortly for setting news factories in order to help the industry to grow further.

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka to set up 150 mini apparel units

Apparel/Garments | On 23rd Nov 2017

Sri Lanka to set up 150 mini apparel units

A mini apparel factory was opened recently at Sri Lanka’s Menik Farm...

Egypt keen to boost ties with India in MSMEs, textiles

Textiles | On 23rd Nov 2017

Egypt keen to boost ties with India in MSMEs, textiles

Egypt is eager to boost cooperation with India, particularly in the...

India begins review of anti-dumping duty on caustic soda

Textiles | On 23rd Nov 2017

India begins review of anti-dumping duty on caustic soda

The Directorate General of Anti-Dumping & Allied Duties (DGAD), under ...

Interviews View All

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search