INTERNSHIP REPORT ON

Garments Industries in Bangladesh: Problems and Prospects Topic

Garments Industries in Bangladesh: Problems and Prospects

Letter of Transmittal
Date: January 15, 2008 To

Mr. Mohammad Mohiuddin Professor

Department of Management Studies University of Dhaka. Subject: Prayer for accepting my `Internship Report' Dear Sir, With due respect, I want to state that I am privileged to have such an opportunity to prepare an interest. I have been asked to prepare on an Internship Report on Garments Industries in Bangladesh: Problems and Prospects. This topic is very much significant issue in the present competitive environment. I tried my best to encompass all the issues covering the topic. Now I am presenting this paper on your kind consideration. In these circumstances I hope that you would be kind enough to accept my report and oblige thereby. Sincerely yours Internship Report of my

(Md. Faruk Hossain)

Acknowledgement

A lot of effort and study has been involved in preparing this report into reality. I am very much grateful to Associate Professor Abu Hena Reza Hasan and Professor Mohammad Mohiuddin of supervisor of my Internship report, whom I had consulted for guidance and advice for the preparation of this report. Under his guidance I have found the work organized which make the task easier than I thought. They had also inspired me to work sincerely through classroom interaction and suggestions. I got all the necessary information for this purpose from BGMEA (Bangladesh Garments Manufacturers and Exporters Association). The chief of Lyric Garments, Imrul Anwar Lition provides necessary information. Without searching this organization it would not possible to make it. That is why I would like to deposit my heartiest compliments to them. I also talked with many students and employees to find out practices in various issue of RMG in different organization. These helped me a lot to prepare this report. I again pay my heartiest thank to them.

Synopsis
In the age of globalization, the competition in the business arena is very high. To cope with the volatile economic environment in all over the world, a country must be emphasized on industrial sector. In this study, the overall blueprint of our garments sector mentioned and analyzed on the basis of different aspects of our present garments sector. The economy of Bangladesh is primarily based upon agriculture. In recent years one of the major challenges of Bangladesh has been to develop the manufacturing industry, especially garments manufacturing, to modernize the economy and to improve living standard. Economy of Bangladesh started from the bottomless basket and now reached a prestigious stage. The overall situation of the country including per capita income, standard of living, health, sanitation, powerful private sectors etc is improving gradually. It is a positive sign for an economy. We are hopeful that Bangladesh will get rid of the curse of poverty very soon. But we have a long runway to traverse for garments sector. The RMG sector, one of the most powerful private sectors developing area has got a tremendous role to play in the economic development of Bangladesh. RMG export was only 0.001 percent in 1976 but in 2002 it rose to 77 percent of the total export. RMG got quota and duty free access in USA and EU countries up to 2004. Now the question is; what is the present position of our RMG sector in the competitive business environment. The major contents of this study include the issues relating problems of RMG, Textile, Backward linkage industries and many other problems related to industries development in Bangladesh. This study also attempts to draw a clear but brief picture of the problems and prospects of the garments sector in Bangladesh. With a view to removing some procedural problems and to protect and develop this sector some measures have also been recommended. Finally, the entrepreneurs, businessmen, students, teachers, government officials and general leaders can be benefited from this study directly and indirectly.

Table of Contents

SL. No

Particulars Synopsis

Page No.

Chapter One
1.1 1.2 1.3 1.4 1.5 1.6 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.1 3.2 3.3 Background of the study Statement of the Problem Objective of the study Methodology Literature review Limitation of the study 01 02 02 03 04 04 05 06-07 08 09-10 11 12-16 17 17 18-19 20-24 25-33 34-36 37

Chapter Two
Introduction Ready Made Garments (RMG) in Bangladesh: A perspective analysis Our comparative advantages in RMG Sector Current trend of RMG Sector EPZS contribution to RMG sector Comparative Exports trend of RMG sector The contribution to GDP by RMG sector The contributions to Employment by RMG sector Social Responsive Program

Chapter Three
Problems of RMG sector Prospects of RMG sector in Bangladesh Recommendation Conclusion Bibliography