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History of apparel industry in bnagladesh
The document outlines the history of the apparel industry in Bangladesh, highlighting the transition from import substitution industrialization in 1971 to the rise of export-oriented manufacturing, particularly in ready-made garments (RMG). Key milestones include the establishment of early exporting companies like Reaz GMTS in 1978 and the first joint venture with Daewoo in 1979. It discusses opportunities for growth through improved efficiency and diversification, as well as weaknesses such as reliance on imports and production inefficiencies.
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The apparel industry in Bangladesh began in 1971. Initial challenges led to growing export-focused RMG sector, highlighted by early manufacturing milestones.
Potential for higher value addition identified through infrastructure improvements and product diversification, aiming for better market access.
Weaknesses include production inefficiencies, reliance on imports, and poor compliance with international standards amidst political unrest.
Bangladesh's apparel industry is divided into woven and knit sectors, highlighting significant import dependence in woven fabrics.
Focuses on key products exported from Bangladesh's apparel industry.
Presentation conclusion and expression of gratitude.
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History of apparel industry in bnagladesh
- 1. History of ApparelIndustry in Bangladesh
- 2. History of ApparelIndustry in Bangladesh : In 1971 Firstly process of import substitution industrialization to replace import & particularly the ready made sector. In 1975 - 76 BTMC never managed to match pre-1971 output & that is fiscal year & lost money In 1980 – 85 percent the textile industry are assets. In 1982 new industry policy & Export processing zone are created In 1972 formed new govt. private owned textile factories are creating a state - owned enterprise called BTMC
- 3. HISTORY OF export-orientedreadymade garment (RMG) industry : There are only 9 export oriented manufacturing industry in 1978 , such as Reaz gmts. Paris gmts. Jewel gmts. & Boishaki gmts. Reaz gmts establish in 1960. But in1973 it changed it’s name to Reaz gmts Ltd & started to export by selling 10000 pcs of shirt to France, valued 13 million franc in 1978. That was first direct export of apparel. Desh gmts.Ltd first joint venture in Bangladesh , technical & marketing collaboration with S.Korean Daewoo corporation , established in 1979 . First 100% export oriented company .
- 4. Analysis Opportunities : •Potential for higher value addition by developing backward linkage. Reduce lead time by developing infra structure of transportation, faster custom clearance, strong backward linkage . Improved image by adapting environmental and social standards . • Diversifying apparel product switching from basic product to fashionable product. May get preferential access in USA and Canadian market in near future.
- 5. Analysis Weakness : •Weak Structure, in particular production efficiency, product development, marketing skill, customer service, controlling, planning, management skill, technical know how Producing mainly basic products. • Heavily depend on importing woven fabrics, low value addition Poor image of adapting international and Corporate social standards Political, Social and worker unrest.
- 6. Mainly Two Sub-sector: a.Woven: Horizontally Integrated 75% woven fabric imported Requires comparatively higher investment. b. Knit: Vertically Integrated Almost self-reliant- 95% Collected Locally. Annual Increment of Consumption of fabric : 20% Production
- 7. Export Products ofBangladesh
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