Since Bangladesh’s independence, the country has worked hard to make its mark in the international markets. They first tried with jute, but that didn’t last too long. Through a lot of hard work and dedication, Bangladesh has found the niche that is perfect for them, which is the Readymade Garments (RMG) industry.
Bangladesh’s estimated GDP rose to 446.349 billion by the end of 2023. The new prediction is that it might cross one trillion by 2030. Would you be surprised to know that over 10% of our current GDP came from the RMG garment sector? Also, over 80% of our current exports are garments and related products.
Bangladesh earns more than $32 billion through RMG exports, making us the second-largest producer of readymade clothing. It also led to us surpassing the USA. Bangladesh has achieved all these great things due to the dedication and diligence of the top garment factories in Bangladesh.
According to USGBC data, in 2023, more than 200 certified green factories in Bangladesh are connected to the RMG and textile sectors. More than 4.5 million, mainly female, workers are employed in these sectors.
This article will explore the top 10 garment factory in Bangladesh and see what they are capable of. We will also see the impact these garment factories have in the country and why they are so important.
Remember, the garment factories we will discuss are part of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Also, our information is up to date as of March 2024, but this information is likely to change in the future.
Top 10 Garments Factory in Bangladesh
Even though there are over four thousand garment factories across the country, some of them have significantly improved our economy. These include Ha-Meem Group, Beximco, DBL Group, Square Fashions Limited, Ananta Group, Posh Garments Ltd. Etc.
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1. Posh Garments
Website: poshgarments.com
Email: info@poshgarmentsltd.com
If we are discussing the top 10 garments factory in Bangladesh for 2024 we need to discuss Posh Garments. This apparel manufacturer has over 1200 employees and their factory exports more than 2.6 million garments yearly. In 2022 the company had 50% more sales that totaled to $13 million. Their growth has marked them as competition in international garment manufacturing.
With a monthly production capacity of 250,000 garments, Posh Garments primarily exports to Germany and Turkey. Their efficiency, wide range of products, and dedication to manufacturing apparel have pushed Posh Garments to where they are now.
Posh Garments deserve to be where they are now, indicating what Bangladesh has to offer the global market.
2. Ha-Meem Group
Website: hameemgroup.net
Email: azad@hameemgroup.com
Another one of the top 10 garments factory in Bangladesh is the Ha-Meem Group. They are well known for manufacturing trendy denim fabrics. They are also known to have the most advanced manufacturing setups in Bangladesh. Since being established in 1984 by Mr. A. K. Azad and Mr. Delwar they have risen to the top of the RMG sector.
Ha-Meem Group primarily exports to the European and American markets, and it has a stellar record. At the moment, it has more than 50,000 employees and 26 factories. Their factories have 300 production lines and seven washing plants, which lets them produce more than 7 million pieces of apparel monthly.
3. Beximco
Website: beximco.com
Email: csd@beximco.net
Beximco Apparels Limited (BAL) is part of the Beximco Group, which was established in 1985. It was a collaboration between the Beximco Group and Comtrade Limited in Lausanne, Switzerland. Back then, they were called Comtrade Apparels Limited. Then, in 1997, it became Beximco Apparels Limited (BAL).
They are an essential part of Bangladesh’s garment industry that only does exporting. They manufacture high-quality garments for men, women, and children for renowned brands and retailers in the USA, Canada, and Europe. They reported manufacturing over 8 million monthly.
The company has over 40,000 employees and an annual revenue of over $500 million.
4. Square Fashions Limited
Website: squarefashions.com
Email: infor@squaregroup.com
Regarding the top 10 garments factory in Bangladesh in 2024 Square Fashions Limited (SFL) from Square Group has to be on the list. The start happened in 1997 when Square launched Square Textiles Ltd. It focused on yarn manufacturing.
Then, in 2002, the SFL came to be. They currently operate two garment units and two fabric units. A blend of modern tech and skilled professionals has made the SFL a primary choice for many top clients. Currently, PUMA, G-Star, TOMMY HILFIGER, Timberland, and others are importing clothes made by Square Fashions Limited.
5. DBL Group of Industries
Website: dbl-group.com
Email: info@dbl-group.com
Dulal Brothers Limited, or DBL Group, is a versatile conglomerate in Bangladesh. While they have many different sectors, their primary one is garment manufacturing. With more than 45,000 employees, it is one of the top garment factories in Bangladesh. In 2023, their turnover was over 900 million. Apparel brands like H&M, Walmart-George, Puma, and Esprit are all very satisfied with their clothing.
Their monthly apparel manufacturing capacity is over 13 million pieces. Their knitwear production is strategically divided: 40% is allocated to women’s clothing, 40% to children’s wear, and 20% to men’s. This division shows its commitment to meeting diverse market needs.
Read Also: Impact of COVID-19 on Fashion Trends
6. Ananta Group
Website: Ananta Group
Email: info@ananta-bd.com
Since its establishment in 1992, Ananta Group has become a global leader in the garment manufacturing sector. With over 26,000 workers and an annual turnover of over $300 million, the group showcases just how efficient it is. The group also ensures that all its factories are environmentally sustainable.
Thanks to its green practices, the group has seen a 40% increment in its energy efficiency. These practices include responsible packaging and proper waste disposal. Ananta Group has worked tirelessly to become a beacon of sustainability. A 70% reduction in carbon emissions is proof of that.
7. Fakir Garments Limited
Website: fakirgarments.com
Email: info@fakirgarments.com
Fakir Garments Limited, part of the Fakir Group, is a major garment manufacturer in Bangladesh and a major contributor to the industry. Its manufactured garments have earned it international recognition. The Fakir Garments Limited has a substantial workforce and yearly turnover, which lets it play a crucial role in Bangladesh’s economy.
It has already established itself as the most dependable garments business for high-quality knit clothes in a variety of styles (Tops & Bottoms). They offer level design, garment manufacturing, and knit clothing as part of their services.
This manufacturing company’s and factory’s clothing factory is in Narayangonj, Dhaka, Bangladesh.
Their primary buyers are Inex Partners Oy (Finland), Sacoor Brothers (Portugal/Dubai), Charles Vogele (Switzerland/Germany/Denmark), Prenatal (Spain/Italy), Wehmeyer (Germany), ATC (Germany), Scapino (Netherlands). It is a renowned industry in our country and has earned global recognition!
8. Akij Textile Mills Ltd
Website: Akij Textile Mills
Email: info@akijtextile.com
Akij Textile has become one of the best suppliers of apparel from Bangladesh, and its 15 years of experience showcase just how good it is. From spinning to yarn dyeing to finished woven fabric, it can do it all.
Their capacity for spinning and yarn dying is over 40 metric tons a day. Currently, they have a yearly turnover of over 1.5 billion USD and employ more than 50,000 people. By blending technology with diverse skill sets, Akij Textile has become a major player in the international textile market, helping Bangladesh become more competitive internationally as well.
9. Standard Group
Website: standard-group.com
Email: info@standard-group.com
Standard Group of industries is one of the leading manufacturing industries in Bangladesh. It started its’ journey in 1984.
This manufacturing industry manages eleven garments manufacturing factories in Dhaka city. Currently, 40,000 workers are employers in this garment industry.
Asia is the sister concern of this Standard Group.
10. Asian Apparels Limited
Website: asianapparels.com
Email: admin@asianapparels.com
The last member of our top 10 garments factory in Bangladesh in 2024 is Asian Apparels Limited. They have 18 facilities with modern machinery and more than 40,000 employees, 70% or more of whom are female. Their daily recorded production is over 15 tons.
Currently Asian Apparels Limited manufactures clothing for popular brands such as H&M, Walmart, Carter’s, and JCPenney. Their approximate yearly earnings are said to be over $280 million. Their professionalism, workforce, and modern facilities have made them stand out in the country’s export industry.
Asian Apparels Ltd. is undeniably one of Bangladesh’s biggest clothing makers. Asian Apparels Limited, the company’s initial plant, opened its doors in 1992 and has since expanded its territory.
Read Also: 7 Steps of Garment Manufacturing Simplified
Why Are the Garments Factories So Important?
Garment factories are a vital part of Bangladesh’s economy, providing millions of jobs and boosting our growth. To give you a better idea of why garment factories are important, we will share five key points.
- Employment Generation: As mentioned in the beginning, the RMG industry is one of Bangladesh’s biggest sources of employment. Millions of women are being employed and paid by these garment factories. Before 2000 more than 80% of workers in those factories were women but by 2023 that number is close to 50%. Yet the total number of female garment workers is above 4 million.
- Export Revenue: As the second biggest garment exporter in the world, Bangladesh greatly contributes to the country’s earnings. The industry has reportedly earned $47.38 billion by 2023. This 10.27% increase from 2022 is predicted to increase in the coming years.
- Foreign Exchange Earnings: Since Bangladesh’s garment factories mostly export their apparel aboard it brings in a lot of foreign currency. This foreign exchange is crucial in keeping a good trade balance.
- Contribution to GDP: Because garment exports are substantial, they contribute to the country’s gross domestic product (GDP). In fact in the 2023 fiscal year the RMG sector of Bangladesh made up 10.35% of the GDP. The total amount of money earned through the garments factories output amounted to over $47 billion.
- Poverty Alleviation: The RMG sector of Bangladesh is responsible for single-handedly reducing poverty in the country by a large margin. In fact the sector primarily provides jobs for people in the lower income bracket. This greatly helps to alleviate poverty in the country.
- Global Competitiveness: Thanks to Bangladesh’s garments industry being so highly valued it garners a lot of international attention. The industry has become a major part of the global clothing market through dedication and competitiveness.
Conclusion
With that you now know which are the top 10 garment factory in Bangladesh for 2024. Each of these factories and their workers have made it possible for Bangladesh to compete internationally. Now numerous countries worldwide are selling clothes with the tag “Made in Bangladesh.”
Using new and environmentally conscious tools and techniques, Bangladesh hasn’t just become one of the biggest RMG exporters. They have also become one of the most earth-friendly garments manufacturers. Seeing just the impacts garment factories have and why they are so important should convince you to work with them as well.
FAQ’s
Q. Which country is the biggest importer of clothing from Bangladesh?
According to some sources, the United States is the biggest importer of readymade clothing from Bangladesh. As of now, they had2023 more than 850,000 shipments from Bangladesh. The second big importer is India, with over 750,000 shipments of clothing imported in 2023.
Q. Who will have the biggest garment factory in Bangladesh in 2024?
There are quite a few contenders regarding who has the biggest garment factory in Bangladesh. The top manufacturers who might have it are the Ha-Meem group, Square Fashions, and Epyllion group.
Q. What type of clothing is exported the most from Bangladesh in 2024?
Over a fourth of the clothing exported from Bangladesh is either denim or denim-related. These denim clothing is predicted to reach $100 billion in export earnings by 2030.
Q. Do big factories make clothes for smaller or local brands?
Bigger factories do work with smaller or local brands and produce apparel for them. Companies like Posh Garments are known to manufacture top-quality clothing for many local and small brands.
Q. How environmentally conscious are the top garment factories in Bangladesh?
As one of the leading countries in apparel manufacturing, Bangladesh is working hard to be as environmentally conscious as possible. By 2023, the RMG sector of Bangladesh will ensure that 204 of its top garment factories have the United States Green Building Council’s (USGBC) LEED certification. This certificate shows that the factories are green. Also, of the 20 top LEED certificate garment factories, 18 are in Bangladesh.
