In a developing country like Bangladesh, garments factories play a huge role in the economy. A large part of our country’s economy revolves around industries that include highly profitable garments factories.
The foreign exchange is vastly earned by exporting high-quality garments goods to other countries. In the last few years, the economy of Bangladesh has largely depended on the garments sector.
The garments factories have truly uplifted our economy and employed millions across the country.
More than 77% export earn of Bangladesh comes from RMG sector. The garments industry has created a significant opportunity for almost 6.2 million people to earn their livelihood.
The contribution of the Readymade Garments industry is our nation’s economy is undeniable. Readymade Garments Industry starter its journey in Bangladesh in 1960. Since 1960, their excellence has grown and made our export business and garment trade very strong in the world economy.
There are almost 5000 Readymade garments industries in Bangladesh.
The Impact of Garment Factories in Bangladesh
The garments factories have created a revolution in Bangladesh’s economy as they have created employment opportunities for millions. Besides, the garments sector plays a substantial role in the financial development of our country.
As per the statistics, textile exports increased by 60% between 2011/2012 and 2017/2018, accounting for nearly 85% of the country’s total exports. Bangladesh is now the world’s second-largest exporter of readymade garments products. In 2020/2021, they hope to make $50 billion from this area.
There are about five thousand garments factories in Bangladesh which are the sources of income of millions! The top 10 garments factories in Bangladesh have created a global impact through their work. The factories are mostly private or owned by family businesses.
To achieve economic development, the garment factories and the workers should be prioritized. The garment factory owners should be aware of the gravity of the issues.
Top 10 Garments Factory in Bangladesh
Square Fashions Limited
DBL Group of Industries
Opex Sinha Group
Fakir Garments Limited
Asian Apparels Limited
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, Epyllion Group, Posh Garments Ltd. Etc.
1. Posh Garments
Posh Garments is one of Bangladesh’s biggest apparel producers. The year 1984 marked the beginning of this industry’s manufacturing. Posh Garments is home to over 1200 qualified personnel and professional staff who work diligently to deliver the greatest items to the clients, in addition to a wide range of apparel production and high production capacity.
Their professional team of over 1200 employees can deal with a variety of light materials and fabrics, including cotton, polyester, viscose, rayon, Tencel, satin, chiffon, and others. Using several types of wash, such as enzyme, bleach, garment, cool dye, and so on, the industry may add more value to the products.
This can also be accomplished by adding printing, embroidery, heat press, decorations, sequence, ornaments, and other embellishments to the product.
Posh clothes clothing includes everything from casual dresses, skirts, shirts, ladies’ nightwear, and lingerie for women.
They also manufacture children’s clothing, including shirts, baby dresses, slacks, and school uniforms. They feature a large selection of formal and casual shirts, boxers, and boxer shorts for guys.
Posh Garments Ltd also manufactures hotel and hospital uniforms, as well as various types of workwear for professionals and working people. Bangladesh’s clothing manufacturing industry has long been an important part of the country’s economy.
2. Ha-Meem Group
In Bangladesh and around the world, the Ha-Meem Group is a renowned wholesale garment producer. The company holds one of Bangladesh’s most comprehensive and resourceful manufacturing facilities and manufactures some of the most popular denim fabrics and garment goods.
Their factories include denim mills, woven factories, sweater factories, in-house laboratories, laundry, and spinning mills. Today, Ha-Meem collaborates with some of the world’s most prestigious fashion houses.
The company has a nearly 40-year history in the garment industry and has since expanded to include printing, embroidery, labels, poly & packaging, carton, belt & tape, shipping, a TV channel, newspapers, and tea gardens, among other things. This garments industry plays a significant role in earning foreign exchange!
Beximco Apparels Limited (BAL), a division of the Beximco Group, began commercial production in March 1985 as Comtrade Apparels Limited, a joint venture between Comtrade Limited of Lausanne, Switzerland, and the Beximco Group.
Since January 1, 1997, the name of Comtrade Apparels Limited has been changed to Beximco Apparels Limited. It is an entirely export-oriented garments industry and manufactures over 2.5 million high-quality men’s dress/casual shirts and women’s blouses for major brands and retailers in the United States, Canada, and Europe.
It is a renowned group worldwide and has been playing a significant role in earning foreign exchange for our country. Beximco Apparels has created employment opportunities for millions in the country and has a huge impact on the garments sector.
4. Square Fashions Limited
Square Fashions is one of the leading textile businesses across the country. The industry manufactures a wide range of Readymade Knit Apparels (Polo Shirts, T-Shirts, Tank Tops, Trousers, Hooded Jackets & Cardigans, Sports Wear, Undergarments, Men’s & Ladies Fashions Wear, Kids Wear) as well as Circular Knit Fabrics in various weights.
They currently have two Garments Units and two Fabrics Units, each with suitable cutting, embroidery, printing, sewing, and finishing facilities. Single Jersey / Pique, Rib / Interlock, Fleece, Lycra / Viscose, Feeder Stripe / Engineering Stripe, Jacquard Fabric, Double Mechanized Fabric, Single Mercerized Fabric, Flat Knit Collar, Fully Fashioned Collar & Jacquard Collar are their primary fabric product lines.
The factory’s total land area is 5212 decimal (52.12 acres), and more than 13,000 people are directly involved in the manufacturing process. Thus, the factory dominates the industry sector of Bangladesh.
5. DBL Group of Industries
DBL Group is a family-owned business that is involved with a wide range of industries. The businesses include apparel, Textiles, Textile Printing, Washing, Garments Accessories, Packaging.
They are one of Bangladesh’s largest knit garment producers and exporters. Their main markets are Europe, the United States, and Canada.
Besides, they are also the Platinum Knit Garment Supplier of H&M. Some of their top customers are H&M, Walmart-George, Puma, Esprit, and G-Star.
The yearly turnover for the years 2020-21 was USD 780 million, with a devoted workforce of 39,000 people. Thus, DBL Group has become one of the leading garment factories in the country and even gained recognition globally!
Read Also: Impact of COVID-19 on Fashion Trends
6. Opex Sinha Group
GENERAL Opex group is one of Asia’s leading garments manufacturing enterprises, having a vertically integrated system in woven, denim, outwear, knit, and sweater production, as well as the latest state-of-the-art machinery from the United States, Europe, and Japan.
It is a privately held corporation with US$ 500 million annual sales and a US$ 300 million yearly export. They produce knitwear, shirts, formal pants, dress pants, cargo shorts, casual pants, padded jackets, quilted jackets, denim wears, etc.
They have a specialized production unit for Jacquard Sweaters. They have recently launched a huge project named “Denim Village” which involves advanced dyeing processes and machines.
They have been working with: LEVI’S, VF, AMERICAN EAGLE, NAUTICA, JCPenney, TARGET, PVH, GAP, HANES, HAGGERS, PERRY ELLIS, SEARS, OXFORD, AEON (Japanese), H&M, OVS, Macy, NEXT, OSHKOSH, and numerous other renowned clothing lines.
7. Fakir Garments Limited
Fakir Garments Limited, a Fakir Group member company, has been in business since 2010. It is another Bangladeshi garment manufacturing and exporting enterprise. It’s a knit clothing sector with a capacity of 3.6 million pieces per year that’s entirely focused on export.
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. Epyllion Group
Since its establishment in 1994 as a house of Readymade Garments (RMG) engaged in the manufacturing and exporting of Knit Apparels, Epyllion Group has grown to become one of the largest conglomerates in the world, with a significant backward linkage of all types of knit garments, textiles, wet processing, and garment accessories.
It has a cutting-edge vertically integrated clothing production plant that provides buyers with a one-stop shopping experience. They have established themselves as a prominent clothes producer for several well-known European, American, and Australian brands.
9. Standard Group
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
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.
It is based in Chittagong, Dhaka, Bangladesh, and has grown to become a major clothing manufacturer. Customers may get sixteenth clothing services as well as laundry services from them. There are 30,000 people employed in this manufacturing industry.
Walmart, Target, H&M, Carter’s, Garanimals, K Mart, PVH, Macey, JCPenney, and others are among their notable clients. They export high-quality clothing products to a number of countries, such as the USA, Australia, Canada, and more.
Why Are the Garments Factories So Important?
- Impact on the Economy: The garments industry is undoubtedly one of the most impactful sectors of our economy. It accounts for 20% of Bangladesh’s Gross Domestic Product. The Readymade Garments sector, when combined with other clothing exports, provides for up to 81 percent of Bangladesh’s export revenues, and the fast-expanding apparel industry contributes up to 20% of the country’s GDP, more than any other secondary industrial sector.
- Source of Foreign Exchange: The garments industry is one of the prominent sources of foreign exchange. For the past 25 years, Bangladesh’s garment industry has been a major export sector and a major source of foreign cash. Exporting garments currently produces roughly $5 billion in revenue for the government each year. The textile industry exports approximately 28 billion dollars each year, accounting for nearly 82 percent of the country’s total export revenues. By 2021, the annual ready-made garment (RMG) export value is expected to be around 50 billion dollars.
- Employment of Citizens: There are around five thousand garment factories in Bangladesh which provide employment opportunities to many. The garment sector, which employs 4.4 million people, the majority of whom are women, accounts for more than 11% of the country’s Gross Domestic Product (GDP). Thus, the garment factories are playing an impactful role in developing the economy.
- Earning Global Recognition: Bangladesh’s garment sector has grown by 79 percent in the last seven years, from $19 billion to $34 billion in yearly revenue. Bangladesh is now the world’s second-largest exporter of garments, with the sector accounting for 80% of the country’s overall export revenues. Bangladesh has gained global recognition because of the impact the garment factories are creating worldwide!
Whether big or small, every garment factory is useful to the citizens and the country.
Finally, Bangladesh is a developing country that still has a long way to go. Garments industries involve a lot of manpower and turn them into assets.
The garment workers are often denied their deserved remuneration which discourages them from joining this sector. The garment factory owners should ensure proper payment for the workers and provide other necessary resources.
Our economy depends greatly on the garments sector which can’t function without the workers. So, it is imperative to ensure a safe and sound workplace for the employees.