The ready-made garment (RMG) industry of Bangladesh started in the late 1970s and became a prominent player in the economy within a short period of time. The industry has contributed to export earnings‚ foreign exchange earnings‚ employment creation‚ poverty alleviation and the empowerment of women. The export-quota system and the availability of cheap labor are the two main reasons behind the success of the industry. In the 1980s‚ the RMG industry of Bangladesh was concentrated mainly in manufacturing
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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
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Brief overview of Student unrest in India India is also a country with a long tradition of student activism. The political demonstrations organized during the fight for independence saw the beginning of student unrest in India. Students participated in the independence struggle and thousands of students were arrested and put in jail because of their nationalist activities. There existed strong political student organizations on most Indian campuses representing not only the nationalists who were
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Meaning of industrial unrest The term industrial unrest is used to describe activities undertaken by the labor and other working people when they feel grievances and protest against pay or conditions of their employment. Industrial unrest can also be defined as the total range of behaviours and attitudes that express opposition and divergent orientations between industrial owners and managers‚ on the one hand‚ and working people and their organisations on the other. The unrest actions may include
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Labor Unrest at Toyota India On January 08‚ 2006‚ Toyota Kirloskar Motor Private Limited (TKM) announced an indefinitelockout of its vehicle manufacturing plant at Bidadi located near Bangalore‚ Karnataka. Thedecision was taken following a strike‚ which had entered its third day‚ by the ToyotaKirloskar Motor Employees Union (Employee Union)‚ the only company recognized union.The lockout notice stated that the strike was illegal as the Employee Union did not give themandatory 14 day notice period
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Compliances Issues of RMG in Bangladesh Main uddin ID 51 Department of International Business Introduction The buyers of readymade garments (RMG) products from Bangladesh have been more and more insisting on the observation of various standards in the RMG industries. In fact‚ these have become like non tariff barriers in the way of export of RMG products. Law makers‚ environmental and different civic groups in the importing countries have been making demands
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risk—the risk that revolution or other political conditions will result in a loss. Political risk insurance is available for several different types of political risk‚ including (among others): Political violence‚ such as revolution‚ insurrection‚ civil unrest‚ terrorism or war;Governmental expropriation or confiscation of assets;Governmental frustration or repudiation of contracts;Wrongful calling of letters of credit or similar on-demand guarantees;Business Interruption; and Inconvertibility of foreign
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The connection between student unrest and the Vietnam War was obviously an issue that effected students in the United States and throughout the nation. Students in the United States protested the war in several ways. Students who attended Kent State University protested Richard Nixon’s decision to continue the war in Cambodia by tearing pages out of history books and burning them. The students thought that this was their voice to the world that the president was destroying the Constitution (The
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each in Mizoram‚ Nagaland and Jharkhand to be set up for providing technical suppor t to poor handloom weavers Set t ing up of dormi tor ies for women workers in the 5 mega clusters relat ing to handloom‚ power loom and leather sectors Rs 500 crores pi lot scheme in twel f th plan for promot ion and appl icat ion of Geo - text i les in the Nor th East Region Reduct ion of basic customs duty on raw mater ials Mega Power loom Cluster : A Power loom Mega Cluster
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Bangladesh’s RMG Industry Competitiveness Applicability of TQM to increase Competitiveness Contents Executive Summary ………………………………………………………………………………………………………………………….III 1) Introduction .................................................................................................................................... 6 1.1. 1.2. 1.3. 1.4. 1.5. 2) 2.1. 2.2. 2.3. 2.4. 3) 3.1. 3.2. 3.3. Introduction ...............................................................................................
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