Rmg Sector

RMG sector: Looking to its laurels Syed Fattahul Alim The other day, this paper carried a traverse that spoke with an upbeat note about the prospect of the crop sector in Bangladesh. In fact, it was about an Indian emplacement based on a newspaper report in that country, which expressed its fear that due to appreciation of rupee against dollar, Bangladesh was having an distinctness over India, especially in the export of set products in the overseas markets. To substantiate its claim, the report mentioned that the volume of Indian garment export in the last fiscal, which amounted to US$8 billion, was near followed Bangladeshs at US$7.8 billion. The report went on to say that the narrow under ones skin of Bangladeshs relative advantage lay not only in the appreciation of rupee; the low cost of labour join with the incentives it has been receiving from the overseas markets did also to a large measure contributed to this development. As a result, the Bangladeshs export volume has been rising at the set out of 20 to 25 per cent annually. Quoting the President of Clothing Manufacturers connectedness of India (CMMAI), it concluded that if the trend continues, Bangladesh would surpass India in the export of garments products by the year end. There should, however, be no cause for complacence here.

So far as it is a competitors question of view, the evaluation may be a little eccentric embellished for the simple reason that it presumably has a cause to establish. In the face of this expressly stated concern about Bangladeshs export performance vis-à-vis that of Indias, one need to be more circumspect. The dispute now is not just to ensure that Bangladesh is up to(p) to sustain the pace it has already gained, it must also be able to beat its own success. Otherwise, there is the risk that our competitors will throw no stone unturned to get the better of us in the export of garments products. While one would like to love in the inadvertent compliment from a neighbouring competitor... If you want to get a full essay, order it on our website: Ordercustompaper.com

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