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Abstract:
Bangladesh is one of the fastest growing country in apparel sector .Bangladesh is the second largest manufacturer in readymade garment sector with a growth rate of 55% from 2002 to 2012. Exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports in 2002. By 2005 the (RMG) industry was the only multibillion-dollar manufacturing and export industry in Bangladesh, accounting for 75 per cent of the country's earnings in that year. Bangladesh's export trade is now dominated by the ready-made garments (RMG) industry. In 2012 Bangladesh's garment exports -mainly to the US and Europe - made up nearly 80% of the country's export income. By 2017 the RMG industry represented 81.13 percent of Bangladesh's total export. Much of the tremendous growth of the sector and its role as an economic powerhouse for the country is attributed to the availability of "cheap" labor. Of the four million workers employed by the RMG industry, 85% are illiterate women from rural villages. The main objective of this article is to clearly focus the current scenario of apparel industry /ready made garment industry of Bangladesh.
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