Home / Knowledge / News / Apparel/Garments / RMG owners propose Tk 2,000 as minimum wage
RMG owners propose Tk 2,000 as minimum wage
31
May '10
With a considerable increase in garment prices in the global market, apparel owners in Bangladesh are now set to fix the minimum wage of workers within the range of Tk 2,000 or nearly US $29 per month.

In a meeting of the Minimum Wage Board conducted last week, RMG owners proposed the minimum wage of Tk 1,887 or nearly $27 per month for entry level workers. Such workers in Vietnam obtain $90 and in India receive $135 as minimum wage per month.

Shafiul Islam Mohiuddin, one of the BGMEA Vice-President and representative at the Minimum Wage Board said that, the industry would like to fix the minimum wage within Tk 2,000 per month. In the year 2006, minimum wage was fixed at Tk 1662.50 per month by a tripartite body, which included the government, BGMEA and workers' representatives.

But, the major buyers have recently escalated the rates of apparel goods, particularly of knitwear clothing, by around 30 percent. During the last fiscal, garment sector of the country contributed around $12.59 billion to the total exports worth $14 billion.

Buyers started offering better prices of apparel goods, after citing the critical situations faced by the local apparel producers. More so, buyers, who purchase RMG goods at a discounted rate and thereby, dominate the Bangladeshi market, have also raised the costs of RMG goods.

Moreover, RMG exports of the country, in the month of April, witnessed a hike as against exports of April 2009. During this month, knitwear apparel exports and the export of woven goods improved by 13.52 percent and 13 percent, respectively, as compared to the same period, last year.

BGMEA will discuss the matter of fixing a realistic minimum wage structure for its entry level workers, with the economists and lawmakers of the country, as well as with other concerned people, informed Mohiuddin. Garment sector of the country, comprises of around 2,300 units, which has a strong-workforce of around 3 million people, wherein majority are women workers.

Fibre2Fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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