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RMG industry must undergo technology up-gradation
22 May '10
2 min read
The readymade garment (RMG) industry of Bangladesh should be equipped with modern machineries, to perk up the productivity and quality of its products to acquire a competitive stance in the international market, opined an economic analyst.
Fahmida Khatun, Additional Director of Centre for Policy Dialogue stated that, the country's RMG industry is the imperative industry that brings in foreign exchange into the country. Khatun delivered the above statement while addressing an award function, organized by knitwear machine supplier, MAG Group, to award four industries.
She was the keynote speaker at the event, wherein Shamrat Group, Minar Group, Islam Group and HR Textiles Ltd were awarded for their pioneering roles in the knitwear sector. Garment sector of the country has also played a vital role in removing poverty on a large scale through employment generation and has also improved the balance of payments situation.
The sector offers livelihood to around 2.2 million people including 80 percent women employees. The 'skills development fund' worth Tk 700 million announced in the national budget 2009-10, to impart training to the garment workers and to improve their efficiency, may be raised to Tk 1 billion in the coming budget, she said.
The sector garnered $3.36 million revenue through exports in the fiscal 1981, accounting to only 0.47 percent of the country's overall export earnings. While, in the fiscal 2009, the export earnings of the sector grew up to $12.34 billion, contributing 79.3 percent to the total export earnings.
Out of these 79.3 percent, knitwear sector contributed 41.3 percent and woven-wear accounted for 38 percent. Value-added knitwear apparels are witnessing an increase in demand with the changing international market. Companies with backward linkages are receiving more orders from Australian, European, American, and Japanese buyers, informed Khatun.
Buyers have now became quality conscious, as they show concern about environmentally hazardous chemicals as well as the capacity and quality of the machines. There is a need to introduce automated machines in the textile industries, facing labour dearth, to enhance efficiency and productivity for quick delivery of products.
Fahmida Khatun, Additional Director of Centre for Policy Dialogue stated that, the country's RMG industry is the imperative industry that brings in foreign exchange into the country. Khatun delivered the above statement while addressing an award function, organized by knitwear machine supplier, MAG Group, to award four industries.
She was the keynote speaker at the event, wherein Shamrat Group, Minar Group, Islam Group and HR Textiles Ltd were awarded for their pioneering roles in the knitwear sector. Garment sector of the country has also played a vital role in removing poverty on a large scale through employment generation and has also improved the balance of payments situation.
The sector offers livelihood to around 2.2 million people including 80 percent women employees. The 'skills development fund' worth Tk 700 million announced in the national budget 2009-10, to impart training to the garment workers and to improve their efficiency, may be raised to Tk 1 billion in the coming budget, she said.
The sector garnered $3.36 million revenue through exports in the fiscal 1981, accounting to only 0.47 percent of the country's overall export earnings. While, in the fiscal 2009, the export earnings of the sector grew up to $12.34 billion, contributing 79.3 percent to the total export earnings.
Out of these 79.3 percent, knitwear sector contributed 41.3 percent and woven-wear accounted for 38 percent. Value-added knitwear apparels are witnessing an increase in demand with the changing international market. Companies with backward linkages are receiving more orders from Australian, European, American, and Japanese buyers, informed Khatun.
Buyers have now became quality conscious, as they show concern about environmentally hazardous chemicals as well as the capacity and quality of the machines. There is a need to introduce automated machines in the textile industries, facing labour dearth, to enhance efficiency and productivity for quick delivery of products.
Fibre2Fashion News Desk - India
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