Lessons for the present and possible future of Ready-made Garments industry in Bangladesh

Abstract

The report is based on the three month internship period I got an opportunity to do in Global Apparels Sourcing- Bangladesh. It has been the most effective and practical course in the BBA program. This journey has made it possible for me to get insights of the very lucrative garments and textile industry of our country. I have been completely new to the corporate world, it was as challenging and fun for me as I gained a good amount of experience in the merchandising department of the company. This report includes the challenges a garment merchandiser has to face- the tasks they need to complete, the responsibilities they need to take in order to confirm a sale. Moreover, the report further talks about the present and the future of the ready-made garments trade- the opportunities and challenges, the hurdles and the prospects of the sector where the current market has been examined and analyzed in order to get the perfect picture of the industry. The objective of this report is to analyze the current potentials of the sector. It takes a tour to the recent trade war between the U.S and China, how prepared are we for the Industry 4.0 revolution and the recent development of working conditions and a few other perspectives. The report further talks about the history of RMG sector and how it has turned the tables for Bangladesh’s economy. Despite the epic growth of our RMG industry, and its bright prospects, a good number of challenges are still in the picture and this report concludes with ways in which it can be mitigated and handled accordingly.