The textile and clothing industries provide the single source of growth in Bangladesh’s rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports. In 1972, the World Bank approximated the gross…

Bangladesh is known across the world by its readymade garments (RMG). It’s like Hollywood signifies global movie industry, Nepal symbolizes the Himalayas, Egypt connotes the pyramids. Though these locations do have other landmarks, the countries are still overwhelmingly identified with such major attractions. Bangladesh and its RMG have now become synonymous. The country does have…