There are many industries that are largely contributing to Bangladesh’s rapid growth. Among them, the textile industry is one of the biggest powerhouses in Bangladesh. Bangladesh is only second to China, in exporting western clothes, which says a lot about its contribution to the growth of its economy. Clothing and garments are the main elements that are exported and play a vital role in earning foreign currency.
In the pre-war period of 1947-1971, most of the textile industries were owned by the West Pakistani businessmen. In the 1960s the locals formed their own factories, but lost their expertise after the war. But after the war, Bangladesh got its own platform to stand on and started developing this industry gradually. Now the industry has grown very big and a hope to employment of millions. Bangladesh now has duty free access to some western textile markets, which means Bangladesh doesn’t have to pay taxes to access to these markets.
Clothing and textile is one of the basic needs of human being. Thus Bangladesh uses this as their advantage and makes the best out of their garments and huge manpower. Most of the workers in the readymade garments factories are female, so the industry is helping women to stand on their own feet. According to government statistics, textile industries have helped almost 4 million people with jobs. This improvement has helped Bangladesh to rise to a whole new level of economic growth and standard of living.
Although the industry is now a huge success, over dependency and insufficient safety have claimed a lot of life. In 2010, a significant number of people died in fire in “That’s it” sportswear factory. The Rana Plaza collapse was one of the most devastating disasters. In 2013, the building collapsed, taking the death toll to 1045. These disasters have mainly occurred because of the reluctance of the in-charges to ensure safety for the textile workers.
As one of the biggest industry in Bangladesh, the textile and clothing companies and factories should bear this in mind, that the workers are the main reason for their huge success. So they must ensure the well-being of them, and get a grip on their wages. If these critical problems are solved, the industry can later be one of the reasons for Bangladesh to become a rich country. On a brighter note, a lot of measures have been taken since the Rana Plaza collapse. Workers safety in both textile factories and ready-made garments factories is now considered as an important aspect.
Mohammadi Group, Babylon Group, Beximco Group’s Bextex Ltd. Zaber & Zubair Fabrics Ltd., Noman Group are the top companies in this sector.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) works as a trade body for ready-made garments and is doing a good job. The textile sector is expected to dominate in export earnings in the years to come.
In the pre-war period of 1947-1971, most of the textile industries were owned by the West Pakistani businessmen. In the 1960s the locals formed their own factories, but lost their expertise after the war. But after the war, Bangladesh got its own platform to stand on and started developing this industry gradually. Now the industry has grown very big and a hope to employment of millions. Bangladesh now has duty free access to some western textile markets, which means Bangladesh doesn’t have to pay taxes to access to these markets.
Although the industry is now a huge success, over dependency and insufficient safety have claimed a lot of life. In 2010, a significant number of people died in fire in “That’s it” sportswear factory. The Rana Plaza collapse was one of the most devastating disasters. In 2013, the building collapsed, taking the death toll to 1045. These disasters have mainly occurred because of the reluctance of the in-charges to ensure safety for the textile workers.
As one of the biggest industry in Bangladesh, the textile and clothing companies and factories should bear this in mind, that the workers are the main reason for their huge success. So they must ensure the well-being of them, and get a grip on their wages. If these critical problems are solved, the industry can later be one of the reasons for Bangladesh to become a rich country. On a brighter note, a lot of measures have been taken since the Rana Plaza collapse. Workers safety in both textile factories and ready-made garments factories is now considered as an important aspect.
Mohammadi Group, Babylon Group, Beximco Group’s Bextex Ltd. Zaber & Zubair Fabrics Ltd., Noman Group are the top companies in this sector.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) works as a trade body for ready-made garments and is doing a good job. The textile sector is expected to dominate in export earnings in the years to come.
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