Scope of Knitwear Garments in Bangladesh until 2020
SCOPE OF KNITWEAR GARMENTS IN BANGLADESH UNTIL 2020
Scope of Knitwear Garments in Bangladesh until 2020
OBJECTIVES OF THE STUDY
This report is prepared to serve the following objectives:
- To know about the knitwear garments industry
- To know about the present status of knitwear garments in Bangladesh
- Prospects of knitwear garments in Bangladesh
- Future status of knitwear garments in Bangladesh
- Competitiveness of knitwear garments in international markets
METHODOLOGY
Research Methodology
Research Design:
A qualitative research has been used to conduct the study. Focus Group questionnaire were formulated for collecting data. As the time was limited to complete this report, it was not possible to conduct a descriptive research to collect the primary data.
Sources of data:
To carry out the proposed study data has been collected from two sources; Primary and Secondary sources.
Primary data: Primary data for this study has been collected through Focus Group questionnaire, which is combined of both open and close ended questions. Several ways of collecting data have been used like, face to face interview with the experts, questionnaire survey etc.
Secondary data: Secondary data are of two kinds, Internal and external. Internal secondary data has been collected from its broachers. External secondary data gathered from various articles, magazines and internet.
Tools for data collection:
The major tool for data collection was the Focus Group Discussion that includes simple, straightforward, open and open discussion.
The data collection instrument was Xerox copy with the different matters at the time of the survey.
Sampling plan
The outlined sampling plan is given below-
Target Population: The target population for the study has been
Taken are the officials of BGMEA, High profile executives & managers of some industries.
Research Instrument
Focus Group Questionnaire with related factors to get actual answers and find out the result of the research.
Survey Method
Random sampling method is my survey method because it is easy and similar to research.
LIMITATIONS OF THE STUDY
In preparing this OCP report I have faced the following problems, which I consider the limitation of the study.
Resource Constraints
The study requires a good number of experience personnel to accomplish such an intensive research but only one member does it as it was the requirement. Several organizational reports, data and information were necessary which were not available to the researcher. The data and information in a greater extent have not been got in the up to date and proper form. In this case for preparing the report, poor secondary data has been used.
Time constraints
Given time for the research was 8 weeks. During this period the researcher had to accomplish some other works which eaten up the time for research work.
Budget/Fund constraints
For preparing this report budget is a factor. The fund is not sufficient for preparing this report.
Bangladesh Knitwear: Facts & Figures | |
Export earnings: US$ 2051.30 million up to March 2004-05 (2nd largest sector) | |
Share of Export earnings: 38.12% | |
Net Retention Amount: US$ 1230.78 million | |
Net retention rate: 60% | |
Value addition: 75% | |
Share in net export: 32% (Highest) | |
Quantity exported: 87.40 million dozen (Top sector) | |
Labor force employed: | |
Direct: 0.70 million; about 70% of them are women. | |
Indirect: 0.40 million |
History of Development of Knitwear of Bangladesh
The RMG business started in Bangladesh in the 70s but it was then merely a casual effort. The first consignment of knitwear export was made in 1973 and the first consignment of woven garments was made in 1977. Though started later, but it was the woven sector that first dint a spot in the
export pie of Bangladesh. In 1981-82 the contribution of woven garments in the total export was 1.10%. Afterwards it is a story of sustained success for the Bangladesh RMG sector. Within a decade the contribution of woven to the export basket became 42.83% (1990-91) and the knitwear sector’s contribution was 7.64% (1990-91). | ||
Graph 1: Changes in combination of Export Products over time |
The entrepreneurs of the knit sector stepped forward with their expertise in the late 80’s. With their earnest efforts they were able to export US$ 14.84 million in 1989-90. Out of this US$ 12.22 million was exported to EU and US$ 2.02 million was exported to US. The trend continued in the knit sector because of the market access opportunity provided to the LDCs under the Generalized Systems of Preference (GSP) benefit.
This is the rejuvenated beginning of the epic story of Bangladeshi knitwear sector RMG sector that in true sense has been able to massive industrialization in a sustainable way with effect on all probable human development aspects which is the encouraging part of the story.
The growth of knitwear sector is increasing at an increasing rate. The cumulative average growth rate of the sector is 27%. And it is continuously grabbing a more portion in the export pie of Bangladesh. This is mainly attributed to the facilities provided under the EC GSP and ROO. The knitwear sector is heavily driven by these favorable policies and took the opportunity to develop a strong backward linkage for the sector.
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Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Suspendisse Ullamcorper – Parturient Consectetur
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Suspendisse Ullamcorper – Parturient Consectetur
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Suspendisse Ullamcorper – Parturient Consectetur
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Suspendisse Ullamcorper – Parturient Consectetur
Mauris torquent mi eget et amet phasellus eget ad ullamcorper mi a fermentum vel a a nunc consectetur enim rutrum. Aliquam vestibulum nulla condimentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elementum. Ullamcorper ante fermentum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a ullamcorper tempor.Consectetur scelerisque ullamcorper arcu est suspendisse eu rhoncus nibh.
Imperdiet augue
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper torquent a dis.
Ullamcorper posuere
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper torquent a dis.
Parturient fusce
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Adipiscing aptent
Accumsan ridiculus suspendisse ut aenean malesuada metus mi urna facilisi eget amet odio adipiscing aptent class fusce a ullamcorper facilisi nullam ac vivamus sociosqu. Nec felis non parturient fusce ornare dis curae etiam facilisis convallis ligula leo litora dui suscipit suspendisse ullamcorper posuere dui faucibus ligula ullamcorper sit. Imperdiet augue cras aliquet ipsum a a parturient molestie senectus dis morbi massa nibh phasellus vestibulum nam diam vestibulum sodales torquent parturient ut a torquent tempor ullamcorper. Parturient consectetur ultricies ornare ut tristique aptent sit hac dis iaculis.
Mauris torquent mi eget et amet phasellus eget ad ullamcorper mi a fermentum vel a a nunc consectetur enim rutrum. Aliquam vestibulum nulla condimentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elementum. Ullamcorper ante fermentum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a ullamcorper tempor. Consectetur scelerisque ullamcorper arcu est suspendisse eu rhoncus nibh.
Mauris torquent mi eget et amet phasellus eget ad ullamcorper mi a fermentum vel a a nunc consectetur enim rutrum. Aliquam vestibulum nulla condimentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elementum. Ullamcorper ante fermentum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a ullamcorper tempor. Consectetur scelerisque ullamcorper arcu est suspendisse eu rhoncus nibh.
Mauris torquent mi eget et amet phas ellus eget ad ullam corper mi a ferm entum vel a a nunc conse ctetur enim rutrum. Aliquam vestibulum nulla condi mentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elem entum. Ullamcorper ante ferm entum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a et ullam corper tempor. Conse ctetur ellus scelerisque ullamcorper montes gravida.
Mauris torquent mi eget et amet phasellus eget ad ullamcorper mi a fermentum vel a a nunc consectetur enim rutrum. Aliquam vestibulum nulla condimentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elementum. Ullamcorper ante fermentum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a ullamcorper tempor. Consectetur scelerisque ullamcorper arcu est suspendisse eu rhoncus nibh.
Mauris torquent mi eget et amet phas ellus eget ad ullam corper mi a ferm entum vel a a nunc conse ctetur enim rutrum. Aliquam vestibulum nulla condi mentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elem entum. Ullamcorper ante ferm entum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a et ullam corper tempor. Conse ctetur ellus scelerisque ullamcorper montes gravida.
Mauris torquent mi eget et amet phasellus eget ad ullamcorper mi a fermentum vel a a nunc consectetur enim rutrum. Aliquam vestibulum nulla condimentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elementum. Ullamcorper ante fermentum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a ullamcorper tempor. Consectetur scelerisque ullamcorper arcu est suspendisse eu rhoncus nibh.
Mauris torquent mi eget et amet phas ellus eget ad ullam corper mi a ferm entum vel a a nunc conse ctetur enim rutrum. Aliquam vestibulum nulla condi mentum platea accumsan sed mi montes adipiscing eu bibendum ante adipiscing gravida per consequat gravida tristique litora nisi condimentum lobortis elem entum. Ullamcorper ante ferm entum massa a dolor gravida parturient id a adipiscing neque rhoncus quisque a et ullam corper tempor. Conse ctetur ellus scelerisque ullamcorper montes gravida.