Challenges & prospects of garment industry in bangladesh Essay

Current problem and prospect of Garments diligence in Bangladesh A study on R.M.KNIT FASHION.LTD. mark of the studyBroad markq The broad objective of this notify is to identify the online problems and prospects of R.M.KNIT FASHION.LTDSpecific objectivesq To identify the current problems of R.M.KNIT FASHION.LTD. To find out the current agency of Bangladeshi equips industry in the world.To identify the growth and trends of R.M.KNIT FASHION.LTD. methodological analysis of the study Research typeBasically it is a descriptive research by nature. Sources of information two primary & secondary information ar employ for this study, these atomic number 18Primary data it includes the following sources of data.v By a questionnaire through merchant and floor in-charge.v typeface to face conversation with the top officials. Secondary data I need much information for the report, which we turn back from secondary data.These arev Annual report of R.M.KNIT FASHION.LTD. Different types o f entry of R.M.KNIT FASHION.LTD.v Various published document from BGMEA.v World wide web.Data collection summons Questionnaire Well structured questionnaire is used for primary data collection. Population Total population 24 including merchandiser & floor in- charge. 7. Sampling frame Name key out of 24 merchandiser & floor in-charge. Sampling method Non-probability convenience sampling methods are used. Sample size 10 sample size. 8. Limitation While preparing this report, though I have been helped by management of R.M.KNIT FASHION.LTD and different ways, there were some uncontrollable limitations, which are inaccessibility of relevant research works, article, publications relevant to R.M.KNIT FASHION.LTD. Limited date of internship program. 9. Analysis and Findings1. What type of wares are reach in your industry? knitwork 40% woven 60%Findings From this dining table it is seen that, 60% woven & 40% knit garments produce R.M.KNIT FASHION.LTD 10. 2. Which are the exporti ng foodstuff of our range? USA 30% others 70%Findings From this table it is seen that, 30% USA &Others is 70% market where my company does their business. 11. 3. menial garments worker is problem for the R.M.KNITFASHION.LTD? strongly tick off 30% agree 70%Findings From this table it is seen that, strongly agree 30% and agree 70%. ignorant garments workeris the principal(prenominal) problem for this industry.Do you think document see to it & improper 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 think R.M.KNIT FASHION.LTD has a adequacyemergency stairs? agree 20% strongly discord 50% differ 30%Findings From this table it is seen that, agree 20%, resist 30% & strongly disagree 50%. 14. 6. Do you think R.M.KNIT FASHION.LTD has a enough trade protection force & tools for combustion 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 advanced select car? 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 net profit worker final payment 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 compendium rawmaterial? yes no 50% 50%Findings From the table it is seen that, yes 50% and no 50%. 19. 11. What are the basic problems on the way of developmentof R.M.KNIT FASHION.LTD? dependency on foreign market 10% poor garment policy 30% fumbling labor 60%Findings From the table it is seen that, unskilled labor 60%, poor garments policy 30% and dependency on foreign market 10%. 20. 12. How can we remove from above problems of R.M.KNITFASHION.LTD? increase investing try to increa se the in this sector area of export 30% 10% establish novel infrastructure and conducting culture & 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 enthronization in this sector 30%. 21. Current position of Bangladeshi garments industry in the world.Bangladesh ranks 4th largest enclothe exporter in the worldSource Xinhua 0847 July 23, 2010Bangladesh has been ranked as the fourth largest exporter of clothing with a 3 percent share of the ball-shaped market by the world body World Trade transcription (WTO), Vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan said on Wednesday.Hassan make the remarks while speaking to the members of Overseas Correspondents of Bangladesh (OCAB at the plaza of BGMEA.in xporter of cotton 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 join States by volume.The BGMEA vice-president said although the low cost output of clothing is still an important competitive skirt for Bangladesh, the increasing competition in the global clothing market has caused manufacturers to produce quality products, increase the load with buyers and social responsibility in factories, which have make Bangladesh a reliable option 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.Growth and trends of R.M.KNIT FASHION.LTD Financial year UE U.S.A Total tuck Woven RMG Knit Woven RMG production FY 2009 140000 pcs 220000pcs 360000pcs 170000pcs 250000pcs 420000pcs 780000pcs FY 2010 165000pcs 230000pcs 395000pcs 176000pcs 258000pcs 434000pcs 829000pcs FY 2011 167000pcs 232000pcs 399000pcs 170000pcs 255000pcs 425000pcs 824000 pcs 840000 829000 824000 820000 800000 780000 780000 760000 740000 2009 2010 2011 chart 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 support problem is also a big problem. R.M.KNIT FASHION.LTD has no enough emergency stairs. R.M.KNIT FASHION.LTD has no enough security force and tools for fire controlling. R.M.KNIT FASHION.LTD has no amply quality machines. R.M.KNIT FASHION.LTD do not pay worker wages timely. 25. Recommendation Improving other garment product not dependent only for woven product of R.M.KNIT FASHION.LTD. Extended foreign market. Trained up workers by various diploma course. Fire consciousness is necessary for all workers. Increase emergency stairs. Ensure 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.