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Investment Opportunities for Bangladesh's Readymade Garments. Contribution in the Country's Sustainable Development Goal

Author: Al Moontasir Shifat

Publisher: GRIN Verlag

Published: 2021-12-22

Total Pages: 15

ISBN-13: 3346561143

Academic Paper from the year 2021 in the subject Business economics - Investment and Finance, grade: A, American International University-Bangladesh (American International University-Bangladesh), language: English, abstract: This research examines investment opportunities for Bangladesh's Readymade Garments (RMG) industry to contribute to the country's sustainable development goal (SDG). RMG's economic contribution is growing as a result of increased export earnings, industrialization, and employment of the country. This paper represents a combination of methods approach, depending upon descriptive and inferential statistics to assess the RMG sector's potential in the country. This analysis is crucial, as the developed world's current financial crisis raised doubts about the industry's long-term survival. This requires the investigation of substitute marketplaces that are less vulnerable to future economic collapse. This report suggests a few other marketplaces, including Brazil, China, South Africa, Russia and India. Keywords: Woven Clothing, Export Promotion Bureau (EPB), RMG, BGMEA, BKMEA, and BRICS

Tourism in Bangladesh: Investment and Development Perspectives

Author: Azizul Hassan

Publisher: Springer Nature

Published: 2022-01-05

Total Pages: 438

ISBN-13: 9811618585

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This edited volume uniquely explores the extensive themes and frameworks of tourism development and investment in Bangladesh. The book focuses on outlining the present investment and development scenario of Bangladesh in order to suggest some solutions to current issues. Considering that Bangladesh has a population of over 170 million, the country possesses an abundance of possibilities for tourism. In recent years, Bangladesh has experienced steady growth in its economy and socio-cultural developments. Currently, there is very limited knowledge of or research into tourism in Bangladesh, even though it is a multifaceted and fast-growing industry. This book makes an important contribution to representing and exploring diverse aspects of tourism in Bangladesh for local and international benefit. This book provides insights into the stronghold of a social class having the ability to spend for tourism and leisure activities, which has prompted the country to pay further attention to the development of its tourism industry. This book emphasizes that the importance of tourism is undeniably on a continuous rise in Bangladesh, which in turn deserves the appropriate attention from academic research.

Readymade Garment Industry in Bangladesh

Author: Md. Tahidur Rahman

Publisher:

Published: 2020

Total Pages: 7

ISBN-13:

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Based on secondary data, the study is intended to draw the scenario of RMG industry in Bangladesh, especially the growth, contribution, and challenges. RMG industry has been functioning in Bangladesh since long as a catalyst for sustainable development and growth of the country. It is the largest exporting industry in Bangladesh that has experienced tremendous growth during the last 25 years. It provided more than five million direct jobs, 16 percent of GDP, and more than 81 percent of foreign exchange earnings in FY2013-2014. The Knitwear industry is adding up to 75% value, which opens up enormous potential for foreign and domestic investors to spend in the areas of spinning, weaving, sewing, packaging, and accessories manufacturing. Despite the stupendous growth of the RMG industry, and its bright prospects, challenges are still there. In order to address the challenges, a number of collaborative and coordinated steps should be initiated. Along with establishing sound infrastructure, skill manpower, improved productivity, enhanced market access, market diversification, access to finance at competitive interest rate, and establishment of secured special industrial zones are crying need for the industry. Moreover, to grab and retain the sweet fruits of RMG a positive branding should be continued.

Bangladesh's Economic and Social Progress

Author: Munim Kumar Barai

Publisher: Springer Nature

Published: 2020-03-31

Total Pages: 450

ISBN-13: 9811516839

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This book evaluates Bangladesh’s impressive economic and social progress, more often referred to as a ‘development surprise’. In doing so, the book examines the gap in existing explanations of Bangladesh’s development and then offers an empirically informed analysis of a range of distinctive factors, policies, and actions that have individually and collectively contributed to the progress of Bangladesh. In an inclusive way, the book covers the developmental role, relation, and impact of poverty reduction, access to finance, progress in education and social empowerment, reduction in the climatic vulnerability, and evolving sectoral growth activities in the agriculture, garments, and light industries. It also takes into account the important role of the government and NGOs in the development process, identifies bottlenecks and challenges to Bangladesh’s future development path and suggests measures to overcome them. By providing an inclusive narrative to theorize Bangladesh’s development, which is still missing in the public discourse, this book posits that Bangladesh per se can offer a development model to other developing countries.

Bangladesh

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2016-09-01

Total Pages: 206

ISBN-13: 9292575562

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Bangladesh has transformed its economy over the last 2 decades, graduating to middle-income status as average annual growth remained strong at 5%–6%. The country’s goal to become an upper-middle-income country by 2021 will require even stronger annual growth of 7.5%–8%. This study finds that the most critical constraints to growth are (i) insufficient reliable energy supply, (ii) policies that indirectly stunt development of economic activities unrelated to ready-made garment exports, and (iii) insufficient security about property and land rights due in part to inadequate registry systems. If policies are designed to urgently tackle these constraints, Bangladesh will be free to harness its potential for inclusive and sustainable growth.

Is the Bangladesh Paradox Sustainable?

Author: Selim Raihan

Publisher: Cambridge University Press

Published: 2023-10-31

Total Pages: 443

ISBN-13: 100928469X

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Diagnostic account of how institutions and politics have shaped the development of Bangladesh and reforms needed for further development.

Handbook of Research on Achieving Sustainable Development Goals With Sustainable Marketing

Author: Gigauri, Iza

Publisher: IGI Global

Published: 2023-06-26

Total Pages: 478

ISBN-13: 1668486830

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The prominent idea of sustainable development has influenced almost all disciplines, changing our understanding and behavior toward sustainability. In this respect, marketing has also been transforming from the sustainability point of view as emerging social and ecological problems caused by the exponential growth require sustainable solutions and joint efforts. Sustainable marketing intends to integrate ecological, social, and ethical concerns while creating value. Consumers, along with other stakeholders, expect that brands will contribute to work toward the sustainable development goals; therefore, companies need to redesign their marketing initiatives to create, promote, and deliver values that are in line with sustainability. The Handbook of Research on Achieving Sustainable Development Goals With Sustainable Marketing illuminates current developments in sustainable marketing and the new trends and tendencies concerning the concept in theory and practice. The book also explores the concept of sustainable marketing in todays context of the digital age, explains its boundaries and benefits, and describes the challenges and opportunities as well as the advantages and potential disadvantages of sustainable marketing and branding efforts. Covering key topics such as branding, marketing ethics, and corporate social responsibility, this premier reference source is ideal for marketers, business owners, managers, industry professionals, researchers, academicians, scholars, practitioners, instructors, and students.

Implementing Sustainability Practices Challenges in Bangladeshi Garment Industry

Author: PhD Alam (Faisul)

Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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Human activities have had a significant influence on global business with sustainable development challenges in the social, environmental and economic context of businesses. As an important part of the global garment industry, Bangladesh also has many more challenges in terms of sustainability. Though a significant percentage of GDP growth of Bangladesh is contributed by the garment sector, it has some loopholes with respect to social and environmental issues. This research reviews existing literature on supply chain, sustainable supply chain, sustainable development implementation and practices. It specially focuses on the garment industry in Bangladesh. However, the purpose of this research is to apply the dimensions of the sustainability supply chain implementation and underpin the practices. It has developed a definition and conceptual framework with constructive viewpoint and also this study presents the exploratory case study based research and empirical contributions in the sustainable supply chain practice and evaluation of sustainable implementation in social issues such as workers' health and safety, wages issues, environmental issues like as hazards pollution prevention and treatment; as well as evaluation and suggestions for improvement in sustainability within the garment industry. The research has presented an inspiring panorama of the initiatives that have been developed throughout the world for sustainable natural resource management and improved societal development. Sustainability is an important driving force for future competitive advantage. Although there are a lot of garment factories, where various initiatives for sustainability have already started, it is worth assessing the relationship and contribution it has on the supply chain. While the industry struggles towards sustainability, there is a concern about whether they receive expected gains from buyers for that. The research questions were developed based on the literature review and present circumstances. However, the results of this research indicate that sustainability implementation and practices are more challenging, still the prime issues under review like health and safety issues, poor wage structure, pollution, regulation, stakeholder awareness etc. Another important indication received from the findings is that there is a low contribution for improving cost efficiency by using green materials and green production. So, it is important to consider ways on how to increase the cost efficiency while moving towards a sustainable concept which is related to the economic aspect. This will have a high impact on survival since there is huge competition coming from the garment industries in Asia.