The Ready-Made Garments (RMG) industry in Bangladesh has once again proven its resilience and strength, as the cumulative RMG exports for April-May 2025-26 have reached a staggering $3 billion. This marks a remarkable 13 per cent growth over the same period in the previous year, showcasing the industry’s continuous upward trajectory.
The RMG industry has been a major contributor to Bangladesh’s economic growth, accounting for over 80 per cent of the country’s total exports. With the latest figures, it is evident that the industry is not only sustaining its position but also thriving amidst the global economic challenges.
The growth in RMG exports can be attributed to the hard work and dedication of the industry workers, factory owners, and government policies. Despite the ongoing pandemic, the industry has been able to maintain its production and meet the demands of international buyers. This is a testament to the industry’s adaptability and commitment to providing high-quality products.
Moreover, the government’s support and initiatives have played a crucial role in boosting the RMG sector. The implementation of the ‘Vision 2021’ and ‘Vision 2041’ has provided a clear roadmap for the industry’s growth and development. The establishment of specialized economic zones, tax incentives, and investment-friendly policies have also attracted foreign investment in the sector.
The RMG industry has also been at the forefront of promoting sustainable and ethical practices. With the increasing global demand for environmentally friendly and socially responsible products, the industry has taken significant steps towards reducing its carbon footprint and ensuring fair labor practices. This has not only enhanced the industry’s image but also opened up new markets for Bangladeshi RMG products.
The growth in RMG exports is not only beneficial for the industry but also for the overall economy of Bangladesh. The increased revenue from exports will contribute to the country’s foreign exchange reserves, which will help in stabilizing the economy and reducing dependency on foreign aid.
The future looks bright for the RMG industry, with the government’s continued support and the industry’s determination to excel. The industry has set a target of reaching $50 billion in exports by 2021, and with the current growth rate, it is well on its way to achieving it. This will not only create more job opportunities but also elevate Bangladesh’s position as a major player in the global textile market.
The success of the RMG industry is a result of the collective efforts of all stakeholders. The hard work and dedication of the industry workers, the vision and policies of the government, and the trust and support of international buyers have all contributed to this remarkable achievement. It is a proud moment for Bangladesh, and it is essential to acknowledge and celebrate the industry’s success.
In conclusion, the cumulative RMG exports for April-May 2025-26 reaching $3 billion, with a 13 per cent growth, is a significant milestone for the industry. It not only showcases the industry’s resilience and adaptability but also highlights its potential for further growth and development. The industry has proven time and again that it is a vital pillar of Bangladesh’s economy, and with the right support and policies, it will continue to thrive and contribute to the country’s progress.
