This economic success story’s backbone is the ready-made clothing (RMG) sector: Currently, RMG accounts for 84 percent of Bangladesh’s exports, making it one of the top exporters of clothing in the world. This is the result of the industry’s explosive development and modernization over the past ten years, as well as the progress it has achieved in enhancing working conditions for the nation’s four million or more garment employees.
Over the past ten years, the RMG sector in Bangladesh has undergone a remarkable transition and expansion while overcoming considerable challenges. The garment exporters of Bangladesh play a significant role in its economy. One of the top 10 garment exporters in Bangladesh is Posh Garments Ltd.
Why Are the Garments Exporters Important?
Bangladesh is the world’s second-largest producer and exporter of ready-made clothing (RMG). Since the 1990s, Bangladesh’s RMG industry has experienced one of the fastest growth rates in the world and has provided the majority of the country’s foreign revenues over the past three decades. The ready-made clothing (RMG) sector has been Bangladesh’s largest source of foreign revenue for the past 25 years. Bangladesh’s economy has grown steadily thanks to the clothing sector’s continued expansion.
Top 10 Garments Exporters in Bangladesh
The RMG sector has transformed the nation over the past 15 years in terms of GDP contribution, employment opportunities for rural residents, women’s empowerment, and socioeconomic advancements. The top 10 garments exporter in Bangladesh include:
1. Posh Garments Limited
Posh Garments is one of Bangladesh’s biggest apparel producers. This sector’s manufacturing portion started in 1984. Posh Garments produces a wide variety of garments, has a high production capacity, and employs more than 1200 qualified staff members who work diligently to provide customers with the best products. Their knowledgeable workforce of over 1200 people can work with a variety of light materials and fabrics, including cotton, polyester, viscose, rayon, Tencel, satin, chiffon, and others.
2. Beximco Apparels Limited
Beximco Apparels Limited (BAL), a division of the Beximco Group, began commercial production in March 1985 as a joint venture between the Beximco Group and Comtrade Limited of Lausanne, Switzerland. As of January 1, 1997, Beximco Apparels Limited has replaced Comtrade Apparels Limited as the company’s name. In this fully export-oriented apparel firm, over 2.5 million high-quality women’s blouses and men’s dress/casual shirts are created for renowned brands and retailers in the US, Canada, and Europe.
3. Square Fashions Limited
Square Fashions is one of the top textile businesses in the country. The industry creates a wide range of ready-to-wear knit items, including circular knit fabrics in different weights and knitted items like polo shirts, t-shirts, tank tops, slacks, hooded coats, and cardigans. Additionally, it makes underwear and athletic gear.
4. Ha-Meem Group
A well-known wholesale clothing producer both in Bangladesh and internationally is The Ha-Meem Group. The company operates one of Bangladesh’s largest and most innovative manufacturing plants, producing some of the most popular denim textiles and apparel items. Among their factories are spinning mills, weaving factories, knitwear factories, internal laboratories, and denim mills.
5. DBL Group
DBL Group, a family-owned business, operates in several industries. The businesses work in the clothes, textile, textile printing, laundry, clothing accessory, and packaging sectors. They are among Bangladesh’s top producers and exporters of knit apparel. Their three main markets are the US, Canada, and the EU. They also provide H&M with platinum knit clothing.
6. Opex Group
Opex Group is one of Asia’s leading apparel manufacturing firms, with a vertically integrated system for the production of woven, denim, outerwear, knit, and sweaters as well as the most advanced equipment from the US, Europe, and Japan. It is a privately held firm with $500 million in yearly sales and $300 million in exports. They produce knitwear, shirts, cargo shorts, quilted coats, dress pants, casual pants, and other items. They have a separate production line for jacquard sweaters.
7. Viyellatex Apparel Limited
This industry is a significant player in terms of manufacturing and fabrication. Customers may take use of their in-house printing and printed t-shirt services. In this market, there are eight categories of clothes.
8. Fakir Garments Limited
It is yet another business in Bangladesh that manufactures and exports garments. It is an export-only knit apparel sector with a 3.6 million piece annual production capacity. It has already established a reputation for being the most reliable apparel brand for excellent knitwear in a variety of styles (Tops & Bottoms). As part of their services, they offer knit clothing, level design, and garment manufacturing.
9. Asian Apparels Limited
Asian Apparels Limited, the company’s first location, debuted in 1992 and then broadened its service area. Walmart, Target, H&M, Carter’s, Garanimals, K-Mart, PVH, Macy’s, and JCPenney are just a few of their well-known clients. Several countries, including the USA, Australia, Canada, and others, get their premium apparel exports.
10. Epyllion Group
The Epyllion Group was established in 1994 as a readymade garments (RMG) manufacturer and exporter of knit clothing, especially shirts for casual wear. With strong ties to textiles, wet processing, and garment accessories, it has since grown to become one of the largest companies in the world. With its cutting-edge, vertically integrated garment production facility, clients may shop there all in one place. They have established a reputation for being an important garment maker for numerous renowned American, Australian, and European businesses.
One of the major sources of foreign currency is the apparel sector. Bangladesh’s garment industry has been a significant export sector and a significant source of foreign currency for the past 25 years. Currently, the government earns about $5 billion a year from exporting clothing. The exports of the textile sector reach around 28 billion dollars annually, or close to 82 percent of all export earnings.
Conclusion
Every garment factory, no matter how big or little, serves the needs of the people and the nation. Bangladesh is still in the process of developing and has a long way to go. Many people are employed in the clothing industry, which makes them assets.
