Amalgamation and Justifying the SCP in RMG Sector of Bangladesh

Abstract

The Apparel or Garments industries endow with the solitary source of profitable enlargement in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments accounted for 77% of Bangladesh’s total merchandise exports. By 2013, about 4 million people, mostly women, worked in Bangladesh's $19 billion-a-year industry, export-oriented ready-made garment industry. Bangladesh is second only to China, the world's second-largest apparel exporter of western brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers. Only 5% of textile factories are owned by foreign investors, with most of the production being controlled by local investors. This study shows the Supply Chain Progression in RMG Sector of Bangladesh with the amalgamation and exploration.

Key Words: SCP, RMG, Apparel, Garments, Clothing, Bangladesh and Progression.