Finance and Investment

EVOLUTION GARMENTS LIMITED. TABLE OF CONTENTS: PAGES EXECUTIVE SUMMARY 1 installation 2 THE GROWTH RATE OF Garments sector in Bangladesh 3 Current Scenario & in store(predicate) Prospect 4 Executive Summary: Introduction: BGMEA and the Ready do Garments Sector in Bangladesh The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is the apex handle body that represents the exportation oriented woven knit and pinafore garment manufacturers and exporters of the country.

The BGMEA commenced activities in the late 1970s when the Bangladeshi readymade garments (RMG) constancy was a negligible non-traditional sector with a narrow export base. Since its inception, the BGMEA has been working to promote and protect the interests of the RMG sector - it has helped boost RMG exports by 500%, allowing Bangladesh to become one of the chief RMG exporters worldwide. The BGMEA set up its regional office in Chittagong in 1985. Chittagong is a strategically important commercial port and the gateway for all RMG exports. The primeval objective of BGMEA is to establish a healthy business purlieu for a close and mutually beneficial relationship amidst the manufacturers, exporters and importers in the process ensuring a steady growth in the foreign change earnings of the country. BGMEA issues UD to its exporters thereby monitors export as well. BGMEA plays a very strong role to lead the attention in concurrence with the government. Readymade Garment (RMG) is the leading sector of Bangladesh in terms of employment, production and foreign exchange earning. Readymade garment (RMG) simply earned about 78% of the yearly foreign exchange earning...

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