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Textile Industry of Bangladesh: An article on Textile Industry of Bangladesh (BD).

The textile industry in Bangladesh is one of the largest and most important industries in the country. It is a significant contributor to the country's economy, accounting for over 80% of Bangladesh's total exports and employing over 4 million people.

The industry is primarily focused on the production of ready-made garments, with Bangladesh being the second-largest exporter of ready-made garments in the world, after China. The industry is also involved in the production of textiles, including cotton, jute, and synthetic fibers.

The growth of the textile industry in Bangladesh can be traced back to the 1970s, when the country started to shift its focus from agriculture to manufacturing. The industry received a major boost in the 1980s, when the government introduced policies to promote the export of ready-made garments. Since then, the industry has grown rapidly, with the number of factories increasing from just a handful in the 1980s to over 4,000 today.

The textile industry in Bangladesh is characterized by low labor costs, which has made it an attractive destination for foreign buyers looking to source cheap garments. However, the industry has also been criticized for poor working conditions, low wages, and safety issues.

The government of Bangladesh has taken steps to address these issues, including the introduction of a minimum wage for workers and the establishment of safety regulations for factories. The country has also received support from international organizations, such as the International Labor Organization (ILO), which has worked with the government and industry stakeholders to improve working conditions and safety standards.

Despite these challenges, the textile industry in Bangladesh continues to grow and play a significant role in the country's economy. The industry has also been a driving force for social and economic development, providing employment opportunities for millions of people, particularly women.

In conclusion, the textile industry in Bangladesh is a vital sector of the country's economy, providing employment opportunities and contributing significantly to Bangladesh's export earnings. While the industry faces challenges, including poor working conditions and safety issues, steps are being taken to address these issues and improve the industry's sustainability. The future of the textile industry in Bangladesh looks promising, with continued growth and development expected in the coming years.

Sources: Different online study, news and media, articles.

Copyright @ARN 




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