The garment sector is the backbone of Bangladesh’s economy, accounting for over 80% of the country’s export earnings. The sector employs over 4 million people, mostly women, and has helped to lift millions of people out of poverty.
In recent years, the garment sector has faced some challenges, including the Rana Plaza disaster and the COVID-19 pandemic. However, the sector has shown resilience and has continued to grow. In 2022, Bangladesh’s garment exports reached a record $42 billion.
The garment sector offers many opportunities for Bangladesh. The country has a large and growing workforce, a low cost of labor, and a strategic location near major global markets. In addition, Bangladesh has made significant progress in improving working conditions in the garment sector.
As the world’s second largest garment exporter, Bangladesh is well-positioned to continue to grow in this sector. The government is committed to supporting the garment sector, and there are many opportunities for businesses to invest in this important industry.
