Inception, Survival and Success of Bangladesh Ready-made Garments Industry in World Economy

This paper takes an attempt to understand the readymade garments industry of Bangladesh which made its appearance in the global market in 1970s. Since then there have been various important events which took place and made impact in the exporting business regarding RMG sector. A sequential approach has been taken to understand the inception of the garments business in Bangladesh and how it has grown over the years with the support of various internal and external factors. A major growth in business has been observed in the 1990s but the business also faced major hurdle in the year 2004 when Multi-Fiber agreement was phased out. We take a look at how Bangladesh have survived this scare and became a top player in this arena overcoming formidable oppositions.