Bangladesh’s readymade garment (RMG) sector has shown resilience in 2024, with exports growing by 6.23% in the first 11 months of the year, reaching USD 37.71 billion. The growth comes despite facing several challenges, including labor unrest, energy shortages, and rising production costs.
Workers’ protests over pay and conditions have been a constant concern for factory owners, creating difficulties in production. At the same time, energy shortages have further strained operations, while rising costs make it harder for exporters to compete globally.
Despite these disruptions, industry leaders remain optimistic about the future. They expect global demand to improve in 2025 as the retail market recovers. Many are also urging the government and other stakeholders to address pressing local issues like energy supply and worker rights to keep the industry on track.
The RMG sector plays a important role in Bangladesh’s economy, providing millions of jobs and driving a significant portion of the country’s exports. To sustain this momentum, experts emphasize the need to resolve these challenges quickly and effectively.
Source: Business Inspection BD
