Home / Knowledge / News / Apparel/Garments / Orthodox trade unions may discourage investments in RMG sector
Orthodox trade unions may discourage investments in RMG sector
18
May '11
The export-oriented readymade garments (RMG) industry is a key achievement of Bangladesh over the last 30 years.

Not only has a top-notch export-oriented apparel sector evolved in the country during the period, but the sector even holds the potential to further grow into an extremely dynamic one, to prove greatly advantageous for the economy.

Today, the country houses over 5,000 garment units employing around 3.5 million workers.

However, the industry seems to be far from having attained a saturation point, as just like last year, the country's garments exports this year too are growing vigorously.

The country exports in bulk to traditional export markets like the US and Canada, and is also penetrating in new considerably bigger markets like the CIS nations, Japan, New Zealand, South Africa and Australia.

Looking at the present scenario, it seems that Bangladeshi RMG industry may soon grow its production capacity almost two-fold, so as to earn substantial foreign exchange earnings and to ease poverty situations in the country through employment generation.

However, when on one hand such positive developments are coming up, on the other hand the industry is facing fresh issues of workers discontent.

However, the garment sector entrepreneurs opine that, with a steady rise in workers' wages in adherence to a tripartite deal between them and the workers, there is no scope for such distress on part of workers.

Low-cost labour is the strength of Bangladesh and even after a rise in wages; the country's RMG industry still remains to be more economical in terms of wages as compared to China, and this has greatly helped the country to gain considerably in the current competitive regime.

However, a proposed upcoming amendment in the Labour Law, 2006, which proposes to permit 100 percent trade unionism in the sector, is likely to kill this economical labour advantage.

Orthodox trade union practices have the capacity to stem the flow of new investments in the fledgling RMG sector, said an expert.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives
Textile industry

GST has levelled the playing field to an extent

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Rikesh Mistry

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

Suresh P Bagrecha

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


April 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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
7.8%
Skip
9.7%

Total Votes: 103


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