Why Bangladesh
The garment industry in Bangladesh has experienced large-scale growth since the country’s inception in the late 1970s. With the sector’s roots in favorable government policies, low labor costs, and access to global markets, the sector has evolved into one of the world’s largest exporters of ready-made garments.
- 54 years of industry standing.
- The world’s second-largest exporter of ready-made garments.
- Affordable labor cost at $125 per month.
- Over 4 million individuals with exceptional industry expertise-80% highly skilled women.
- Over 5000 garment factories located in the country
- Strongest backward connection.
- Over 25 million Bengali citizens involved in the industry.
- $55.56 billion Export Value for the financial year 2022-23.
- Industry comprises over 11.22% of the nation’s GDP.
- Holds zero duty access in the EU, Canada, Australia, Japan, Norway and Switzerland through GSP scheme.
- National goal of achieving $60 billion in RMG exports by 2024.
- No child labor
- No expensive shipping costs
