Introduction: The readymade garment (RMG) sector has been playing an important role in the overall economic development of Bangladesh. For a long time developing countries have strived for a development paradigm that would achieve high economic growth leading to employment generation and poverty alleviation. The RMG industry of Bangladesh started its modest journey in late 1970s and within three decades‚ it has been a flourishing sector. In the 1950s‚ developing economies like Hong Kong‚ Taiwan
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Since‚ garments manufacturing companies contributing largely in Bangladesh economy. This sector producing various kinds of garments products & exporting to many countries in the world. That means not only garments sector contributing largely in Bangladesh’s economy but also it contributing in the world trade market. It has a great opportunity to more enhance its business. There are some reasons for growing more this segment: 1. Cheap labor cost. 2. Free from hardly government regulation
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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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Labor Unrest in Bangladesh RMG Sector: Does Active Labor Union Reduce the Risk of Labor Unrest in RMG Sector? A Dissertation by Urmi Tamanna ID-07272026 MAGD Batch-2 Submitted to Institute of Governance Studies BRAC University Dhaka In Partial Fulfillment of the Requirement for the Degree of Master of Arts in Governance and Development (MAGD) Institute of Governance Studies BRAC University‚ Dhaka‚ Bangladesh November 2010 Declaration I hereby declare that I am the sole
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Text i les Excise duty on readymade Garments fur ther reduced: Excise duty of 10% is appl icable to branded ready-made garments wi th abatement of 55% f rom the Retai l Sale Pr ice. Along wi th increase in duty to 12%‚ FM proposes to enhance the abatement to 70%. As resul t ‚ the incidence of duty as a percentage of the Retai l Sale Pr ice would come down f rom 4.5% to 3.6%. In terms of impact ‚ there would be marginal benef i t to text i le companies in the higher
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RMG Trade Union in Bangladesh: Situation‚ Response and Challenge Afzal Kabir Khan1‚ Syed Musa Kajim Nuri2‚ Subrata Banarjee3 Abstract A trade union is an organisation of workers who have bend or unified together to achieve common goals such as better working conditions. The ready-made Garment (RMG) sector has started its journey in the late 1970s in Bangladesh and it is one of the keys of our national economy The RMG industry in Bangladesh accounts for more than 75 per cent of total exports
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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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Problems Regarding With RMG The garment industry of Bangladesh has been the key export division and a main source of foreign exchange for the last 25 years. National labor laws do not apply in the EPZs‚ leaving BEPZA in full control over work conditions‚ wages and benefits. Garment factories in Bangladesh provide employment to 40 percent of industrial workers. But without the proper laws the worker are demanding their various wants and as a result conflict is began with the industry. Low working
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Presentation Business Research Methodology Sub: Problem & Prospect of the ready-made garment (RMG) industry of Bangladesh Prepared by: HAZRAT AHMED ALAMGIR ID no.11120021 MBA (Evening)‚ 20th Batch Department of Accounting & Information Systems University of Dhaka Submitted to : Prof. Abdul Hakim Department of Accounting & Information Systems University of Dhaka History In the 1950s‚ labors in the Western World became
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INTRODUCTION Bangladesh has a population around 160 million (July 2008 est.). About 45% of them are still living below the poverty line. Bangladesh’s Human development index (HDI) is 139 (out of 177)‚ ranking as the lowest in the Asian country list. GDP per capita (PPP US$) is 1‚770‚ which make the countries HDI rank almost the same as the GDP rank. In Bangladesh Garment exports began in the late 1970s. But the scale was for a number of years modest up until the government’s 1982 New Industrial
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