Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study

Shahan Hossain Chowdhury; Sourav Barua; Shuvajit Chowdhury

doi:doi:10.11648/j.ebm.20220805.11

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Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study

Shahan Hossain Chowdhury, Sourav Barua, Shuvajit Chowdhury

Published in European Business & Management (Volume 8, Issue 5)

Received: 17 October 2022 Accepted: 14 November 2022 Published: 8 December 2022

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Abstract

Readymade garments sector is an integral part of developing the nation economy of Bangladesh. The readymade garments sector is continuously helping and performing to increase the national economy, country’s GDP, per capita income, job opportunities especially for women with sustainable goals, and emphasizes environmental benefits. At present Bangladesh is a middle income country by grace of readymade garments. The RMG sector is ultimately seen as the primary force behind sustainable development. This sector, which accounts for roughly 82% of all exports and 9.25% of the nation's GDP in fiscal year 2021–2022, has a significant influence on the socioeconomic growth of the country. The aim of this study is to reveal the current scenario and with the purpose of creating a sustainability exponent for Bangladesh's ready-made garments industry. This paper is to clarify the current circumstances like as potential opportunities and complexities of ready-made garments industry of Bangladesh and give some suggestions how to recover the vulnerable situation to achieve the target of this industry. This industry may become more sustainable via the joint efforts of the manufacturers, buyers, international organizations, and government and this sector are aided to develop the country’s economic growth. The RMG sector plays a critical role for sustainable development of the country’s economic growth.

Published in	European Business & Management (Volume 8, Issue 5)
DOI	10.11648/j.ebm.20220805.11
Page(s)	99-105
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

RMG, Sustainability, Economy, Contribution, Bangladesh

References

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APA Style

Shahan Hossain Chowdhury, Sourav Barua, Shuvajit Chowdhury. (2022). Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. European Business & Management, 8(5), 99-105. https://doi.org/10.11648/j.ebm.20220805.11

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ACS Style

Shahan Hossain Chowdhury; Sourav Barua; Shuvajit Chowdhury. Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. Eur. Bus. Manag. 2022, 8(5), 99-105. doi: 10.11648/j.ebm.20220805.11

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AMA Style

Shahan Hossain Chowdhury, Sourav Barua, Shuvajit Chowdhury. Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. Eur Bus Manag. 2022;8(5):99-105. doi: 10.11648/j.ebm.20220805.11

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@article{10.11648/j.ebm.20220805.11,
  author = {Shahan Hossain Chowdhury and Sourav Barua and Shuvajit Chowdhury},
  title = {Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study},
  journal = {European Business & Management},
  volume = {8},
  number = {5},
  pages = {99-105},
  doi = {10.11648/j.ebm.20220805.11},
  url = {https://doi.org/10.11648/j.ebm.20220805.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20220805.11},
  abstract = {Readymade garments sector is an integral part of developing the nation economy of Bangladesh. The readymade garments sector is continuously helping and performing to increase the national economy, country’s GDP, per capita income, job opportunities especially for women with sustainable goals, and emphasizes environmental benefits. At present Bangladesh is a middle income country by grace of readymade garments. The RMG sector is ultimately seen as the primary force behind sustainable development. This sector, which accounts for roughly 82% of all exports and 9.25% of the nation's GDP in fiscal year 2021–2022, has a significant influence on the socioeconomic growth of the country. The aim of this study is to reveal the current scenario and with the purpose of creating a sustainability exponent for Bangladesh's ready-made garments industry. This paper is to clarify the current circumstances like as potential opportunities and complexities of ready-made garments industry of Bangladesh and give some suggestions how to recover the vulnerable situation to achieve the target of this industry. This industry may become more sustainable via the joint efforts of the manufacturers, buyers, international organizations, and government and this sector are aided to develop the country’s economic growth. The RMG sector plays a critical role for sustainable development of the country’s economic growth.},
 year = {2022}
}

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TY  - JOUR
T1  - Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study
AU  - Shahan Hossain Chowdhury
AU  - Sourav Barua
AU  - Shuvajit Chowdhury
Y1  - 2022/12/08
PY  - 2022
N1  - https://doi.org/10.11648/j.ebm.20220805.11
DO  - 10.11648/j.ebm.20220805.11
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
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PB  - Science Publishing Group
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AB  - Readymade garments sector is an integral part of developing the nation economy of Bangladesh. The readymade garments sector is continuously helping and performing to increase the national economy, country’s GDP, per capita income, job opportunities especially for women with sustainable goals, and emphasizes environmental benefits. At present Bangladesh is a middle income country by grace of readymade garments. The RMG sector is ultimately seen as the primary force behind sustainable development. This sector, which accounts for roughly 82% of all exports and 9.25% of the nation's GDP in fiscal year 2021–2022, has a significant influence on the socioeconomic growth of the country. The aim of this study is to reveal the current scenario and with the purpose of creating a sustainability exponent for Bangladesh's ready-made garments industry. This paper is to clarify the current circumstances like as potential opportunities and complexities of ready-made garments industry of Bangladesh and give some suggestions how to recover the vulnerable situation to achieve the target of this industry. This industry may become more sustainable via the joint efforts of the manufacturers, buyers, international organizations, and government and this sector are aided to develop the country’s economic growth. The RMG sector plays a critical role for sustainable development of the country’s economic growth.
VL  - 8
IS  - 5
ER  -

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Author Information

Shahan Hossain Chowdhury

Chattogram BGMEA Institute of Fashion & Technology, Chattogram, Bangladesh
Sourav Barua

Department of Business Administration, Port City International University, Chattogram, Bangladesh
Shuvajit Chowdhury

Department of Business Administration, Port City International University, Chattogram, Bangladesh

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APA Style

Shahan Hossain Chowdhury, Sourav Barua, Shuvajit Chowdhury. (2022). Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. European Business & Management, 8(5), 99-105. https://doi.org/10.11648/j.ebm.20220805.11

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ACS Style

Shahan Hossain Chowdhury; Sourav Barua; Shuvajit Chowdhury. Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. Eur. Bus. Manag. 2022, 8(5), 99-105. doi: 10.11648/j.ebm.20220805.11

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AMA Style

Shahan Hossain Chowdhury, Sourav Barua, Shuvajit Chowdhury. Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study. Eur Bus Manag. 2022;8(5):99-105. doi: 10.11648/j.ebm.20220805.11

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@article{10.11648/j.ebm.20220805.11,
  author = {Shahan Hossain Chowdhury and Sourav Barua and Shuvajit Chowdhury},
  title = {Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study},
  journal = {European Business & Management},
  volume = {8},
  number = {5},
  pages = {99-105},
  doi = {10.11648/j.ebm.20220805.11},
  url = {https://doi.org/10.11648/j.ebm.20220805.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20220805.11},
  abstract = {Readymade garments sector is an integral part of developing the nation economy of Bangladesh. The readymade garments sector is continuously helping and performing to increase the national economy, country’s GDP, per capita income, job opportunities especially for women with sustainable goals, and emphasizes environmental benefits. At present Bangladesh is a middle income country by grace of readymade garments. The RMG sector is ultimately seen as the primary force behind sustainable development. This sector, which accounts for roughly 82% of all exports and 9.25% of the nation's GDP in fiscal year 2021–2022, has a significant influence on the socioeconomic growth of the country. The aim of this study is to reveal the current scenario and with the purpose of creating a sustainability exponent for Bangladesh's ready-made garments industry. This paper is to clarify the current circumstances like as potential opportunities and complexities of ready-made garments industry of Bangladesh and give some suggestions how to recover the vulnerable situation to achieve the target of this industry. This industry may become more sustainable via the joint efforts of the manufacturers, buyers, international organizations, and government and this sector are aided to develop the country’s economic growth. The RMG sector plays a critical role for sustainable development of the country’s economic growth.},
 year = {2022}
}

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TY  - JOUR
T1  - Sustainability of Ready-Made Garments Industry and Its Contribution to Economy of Bangladesh: A Descriptive Study
AU  - Shahan Hossain Chowdhury
AU  - Sourav Barua
AU  - Shuvajit Chowdhury
Y1  - 2022/12/08
PY  - 2022
N1  - https://doi.org/10.11648/j.ebm.20220805.11
DO  - 10.11648/j.ebm.20220805.11
T2  - European Business & Management
JF  - European Business & Management
JO  - European Business & Management
SP  - 99
EP  - 105
PB  - Science Publishing Group
SN  - 2575-5811
UR  - https://doi.org/10.11648/j.ebm.20220805.11
AB  - Readymade garments sector is an integral part of developing the nation economy of Bangladesh. The readymade garments sector is continuously helping and performing to increase the national economy, country’s GDP, per capita income, job opportunities especially for women with sustainable goals, and emphasizes environmental benefits. At present Bangladesh is a middle income country by grace of readymade garments. The RMG sector is ultimately seen as the primary force behind sustainable development. This sector, which accounts for roughly 82% of all exports and 9.25% of the nation's GDP in fiscal year 2021–2022, has a significant influence on the socioeconomic growth of the country. The aim of this study is to reveal the current scenario and with the purpose of creating a sustainability exponent for Bangladesh's ready-made garments industry. This paper is to clarify the current circumstances like as potential opportunities and complexities of ready-made garments industry of Bangladesh and give some suggestions how to recover the vulnerable situation to achieve the target of this industry. This industry may become more sustainable via the joint efforts of the manufacturers, buyers, international organizations, and government and this sector are aided to develop the country’s economic growth. The RMG sector plays a critical role for sustainable development of the country’s economic growth.
VL  - 8
IS  - 5
ER  -

Copy | Download