Challenges & prospects of garment industry in bangladesh Essay

sure fuss and prospect of Garments attention in Bangladesh A study on R.M.KNIT FASHION.LTD. accusive of the studyBroad objectiveq The all-encompassing objective of this report is to identify the true problems and prospects of R.M.KNIT FASHION.LTDSpecific objectivesq To identify the current problems of R.M.KNIT FASHION.LTD. To find push through the current position of Bangladeshi preens exertion in the foundation.To identify the growth and trends of R.M.KNIT FASHION.LTD. methodology of the study Research eventfundamentally it is a descriptive research by nature. Sources of dataBoth primary & international group Aere secondary data be utilise for this study, these atomic number 18Primary data it includes the followers sources of data.v By a questionnaire through merchant and floor in-charge.v Face to feel conference with the top officials.  Secondary data I need much information for the report, which we enamour from secondary data.These bev one- course report of R.M.KNIT FASHION.LTD. Different types of document of R.M.KNIT FASHION.LTD.v diverse published document from BGMEA.v World coarse web.Data collection procedure Questionnaire considerably structured questionnaire is used for primary data collection. Population Total population 24 including merchandiser & adenosine monophosphate floor in- charge. 7. take in frame Name list of 24 merchandiser & vitamin A floor in-charge. castigate method Non-probability convenience s ampling methods be used. Sample size 10 prove size. 8. Limitation While preparing this report, though I concur been helped by management of R.M.KNIT FASHION.LTD and new(prenominal) ways, at that place were some uncontrollable limitations, which are Unavailability of pertinent research works, article, publications relevant to R.M.KNIT FASHION.LTD. Limited clock time of internship program. 9. Analysis and Findings1. What type of products are produce in your industry? knit 40% woven 60%Findings From this boa rd it is seen that, 60% woven & 40% knit garments produce R.M.KNIT FASHION.LTD 10. 2. Which are the exporting securities industry of our country? ground forces 30% others 70%Findings From this shelve it is seen that, 30% USA &Others is 70% food foodstuff where my company does their business. 11. 3. Unskilled garments doer is problem for the R.M.KNITFASHION.LTD? strongly withstand 30% accord 70%Findings From this table it is seen that, strongly bind 30% and gybe 70%.Unskilled garments player is the main problem for this industry.Do you reckon document delay & unlawful documentare the concluding major problems? no 30% yes 70%Findings Above the table it is seen that, yes 70% & no 30%. 13. 5. Do you hypothesise R.M.KNIT FASHION.LTD has a enoughemergency stairs? moderate 20% strongly discord 50% disagree 30%Findings From this table it is seen that, agree 20%, disagree 30% & strongly disagree 50%. 14. 6. Do you think R.M.KNIT FASHION.LTD has a enoughsec urity force & tools for rear controlling? agree 30% disagree 70%Findings Above the table it is seen that, agree 30% and disagree 70%. 15. 7. Does R.M.KNIT FASHION.LTD provides facilities fortheir worker? agree 40% disagree 60%Findings From the table it is seen that, agree 40% and disagree 60%. 16. 8. Do you think R.M.KNIT FASHION.LTD has a high pure tone machine? agree 30% disagree 70%Findings From the table it is seen that, agree 30% and disagree 70%. 17. 9. Do you think R.M.KNIT FASHION.LTD generate worker proceeds timely? yes 30% no 70%Findings From the table it is seen that, yes 30% and no 70%. 18. 10.Do you face any problems in collecting rawmaterial? yes no 50% 50%Findings From the table it is seen that, yes 50% and no 50%. 19. 11. What are the introductory problems on the way of developmentof R.M.KNIT FASHION.LTD? dependency on unconnected market 10% light garment insurance policy 30% out of practice(predicate) labor 60%Findings From the table it is seen that, unsk illed labor 60%, poor garments policy 30% and dependency on contrasted market 10%. 20. 12. How can we strike from above problems of R.M.KNITFASHION.LTD? increase investment try to increase the in this field expanse of export 30% 10% generate new al-Qaida and conducting training & development program 60%Findings From the table it is seen that, try to increase the area of export 10%, establish new infrastructure and conducting training and development program 60% and increase investment in this sector 30%. 21. Current position of Bangladeshi garments industry in the world.Bangladesh ranks 4th largest priceume exporter in the worldSource Xinhua 0847 July 23, 2010Bangladesh has been ranked as the fourth largest exporter of change state with a 3 percentage allot of the global market by the world body World Trade governance (WTO), Vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan said on Wednesday.Hassan made the remarks whi le speaking to the members of foreign Correspondents of Bangladesh (OCAB at the office of BGMEA.in xporter of like T-shirts and second largest exporter of cotton pullover and jeans for the European Union and the second largest exporter of cotton trousers to the linked States by volume.The BGMEA vice-president said although the low cost production of clothing is still an strategic competitive edge for Bangladesh, the increasing rival in the global apparel market has caused manufacturers to produce quality products, increase the allegiance with buyers and social responsibility in factories, which have made Bangladesh a reliable choice in the global supply of clothing.At present, there are about 5,000 garment factories in Bangladesh and over two million workers are employed in the sector, 90 percent of them are women. 23. step-up and trends of R.M.KNIT FASHION.LTD Financial year UE U.S.A Total crease Woven RMG Knit Woven RMG production FY 2009 140000 pcs 220000pcs 360000pcs 1700 00pcs 250000pcs 420000pcs 780000pcs FY 2010 165000pcs 230000pcs 395000pcs 176000pcs 258000pcs 434000pcs 829000pcs FY 2011 167000pcs 232000pcs 399000pcs 170000pcs 255000pcs 425000pcs 824000pcs 840000 829000 824000 820000 800000 780000 780000 760000 740000 2009 2010 2011 Graph Growth & trends of R.M.KNIT FASHION.LTD 24. Major findings Most of the time R.M.KNIT FASHION.LTD produce woven products.Main market of our garments product is EU and Bangladesh also exports in USA and other country. Unskilled garments worker are problem for development of R.M.KNIT FASHION.LTD corroboration problem is also a double problem. R.M.KNIT FASHION.LTD has no enough emergency stairs. R.M.KNIT FASHION.LTD has no enough security force and tools for net controlling. R.M.KNIT FASHION.LTD has no high quality machines. R.M.KNIT FASHION.LTD do not pay worker wages timely. 25. Recommendation Improving other garment product not dependent alone for woven product of R.M.KNIT FASHION.LTD. Extended foreign mar ket. Trained up workers by conglomerate diploma course. Fire consciousness is need for all workers. Increase emergency stairs. chequer enough security force and tools for fire controlling. Ensure high quality machine, so that they can produce high quality product. And the most important is timely pay wages.