Accounting for 78.15% of our foreign exchange earnings in FY 2010-2011 and with 2011 exports at more than $17.91 billion, the RMG industry is a driving force in Bangladeshs growth. The growth rate of RMG export was over 20% over the last two decades. The garment sector competes with the worlds best, with global companies and prestigious brands seeking out Bangladesh to produce their goods.
Women account for roughly 80% of the 3.6 million plus garment industry workforce, making an indispensible contribution to the national income as well as to their families earnings.
From a literature review and secondary research, facts and figures of economic aspects were collected; helped understanding RMGs contribution to the economy.
- In the quantitative stage, face-to-face interviews with RMG workers and other stakeholders were conducted using semistructured questionnaires.
- In the qualitative stage, in-depth information were collected on perception on Garment Industry and its workers using In-depth
- Interviews (IDIs) and Focus Group Discussions (FGDs) among different strata of society, including garments workers.
About the Author:
The author is working as the Managing Director of Nielsen Bangladesh (formerly known as ACNielsen). He is actively involved with research for more than two decades on market and social issues.