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RMG Analysis of Bangladesh. MACROECONOMIC ANALYSIS The Ready-Made Garments (RMG)
industry contributes to the Bangladesh economy in a distinctive manner. ...
... Now, a detailed analysis is made of the Multi-Fibre Agreement (MFA ... with accompanying
discussions of the performance of the RMG industry of Bangladesh. ...
... Shrimp production, like that of RMG is an export oriented ... Bangladesh (2006 February)
A PRO-POOR ANALYSIS OF THE SHRIMP SECTOR IN BANGLADESH Titenberg, Tom ...
... does not have any presence in RMG sector, the ... accounts held by foreign banks in
Bangladesh, the corporate ... As observed in the problem analysis, their specialty ...
... at 5% though the average growth of RMG achieved in ... of Equity 1 WACC 14% As in Bangladesh
long term ... Index 3.354157808 IRR 25.4% Sensitivity Analysis Based on 10 ...
Submitted by faisalzone on June 15, 2008
Category: Business
Words: 1697 | Pages: 7
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MACROECONOMIC ANALYSIS
The Ready-Made Garments (RMG) industry contributes to the Bangladesh economy in a distinctive manner. The last 20 years witnessed unparalleled growth in this sector, which is also the largest exporting industry in Bangladesh. It has attained a high profile in terms of foreign exchange earnings, exports, industrialization and contribution to GDP within a short span of time. The industry plays a significant role in terms of employment generation. Nearly two million workers are directly and more than ten million inhabitants are indirectly associated with the industry. In addition to its economic contribution, the expansion of RMG industry has caused noticeable changes by bringing more than 1.12 million women into the workforce. Hence it is quite apparent that this sector has played a massive role in the economic development of the country.
RMG’s contribution in terms of GDP is highly remarkable; it has reached 13 percent of GDP which was only about 3 percent in 1991. It also plays a pivotal role to promote the development of other key sectors of the economy like banking, insurance, shipping, hotel, tourism, road transportation, railway container services, etc.
One of the key advantages of the RMG industry is its cheap labor force, which provides a competitive edge over its competitors. The sector has created employment opportunities for about two million people of which 70 percent are women who mostly come from rural areas. Thus the industry helps in the country’s social development, women empowerment and poverty alleviation.
Currently RMG earns the lion's share of foreign exchange earnings.
INDUSTRY ANALYSIS
The Readymade Garment (RMG) industry of Bangladesh marked the leadership of private enterprise and the country’s successful transition to a major export-oriented economy. The key products of this industry are Knit and Woven Shirts and...
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