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Still garments industry dominates the export earnings

Garments industry still dominates the export earnings of Bangladesh, with three quarters of foreign remittance coming from the sector, even though farmers account for two thirds of the country. The garments sector started attracting foreign investments in the early 1980s with the availability of cheap cost of labour and low currency costs. It exported products worth US$ 5 billion  in 2002, which increased to US$ 12.6 in 2009-10 fiscal year. The World Trade Organization (WTO) recently ranked Bangladesh the 4th largest cloth exporter, while The Economist ranked it to be the third largest.

According to this Bangladesh Top News site, Bangladesh exported $2bn worth of readymade garments in July 2012. This figure apparently is a 5.2% rise year on year.

The garments industry employs over 3 million workers of which 90% are women. So if Bangladeshi women say that they are the major contributors, no one can deny!  

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