Contribution Of Garment Workers To Bangladesh's Financial And Social Ecosystems
The achievements in the RMG sector of Bangladesh is an example to many countries of the world
Bangladesh is the youngest country in South Asia, separated from Pakistan in 1971. With about 140,000 square kilometers of land, and a population of around 160 million people, it has been the objective of many international institutions to rescue her from the present state by addressing various social and economic issues.
However, there is good news; recently the World Bank has upgraded Bangladesh from a low-income country to a low- and middle-income one. This is because, since 2011, Bangladesh’s economic growth has remained above 6%, and is expected to reach 7% in a short time. Thanks to the garment Industries of the country, which is known for massive production for clothing brands all over the world. Bangladesh is the world’s largest garment manufacturer, the ready made garments business provides basic jobs for more than 4.5 million Bangladeshis, accounting for more than 80% of the country’s global exports. This made Bangladesh one of the fastest growing economies in the world. In the future, Bangladesh must continue to maintain this momentum of high growth, and encourage private investment as the economy continues to evolve
•Good News For The Bangladesh Garment Workers
Recently, the world’s largest chain of retail companies, Wal-Mart, the United States’ largest clothing company, Gap with 17 North American retailers and Brand leaders reached an unprecedented alliance agreement to support Bangladeshi worker safety with more than 142 million US dollars. (including sponsorship and Low-interest loans) to help Bangladeshi garment industries improve production and ensure safety for the country’s garment workers.
The retailers involved in the maintenance of the Bangladeshi Workers’ Union are: Macy’s, Nordstrom, Sears Holdings, Target, Weifu, VF CORP), US retail giant JC Penney and Kohl’s. Most of these companies’ clothing products come from more than 500 garment factories in Bangladeshi. The new Bangladesh workers’ safety initiative is unprecedented and very historic.
The members of the Alliance have been determined to create a working environment that ensures safety of the Bangladeshi factory and to remove any hidden risks to the facilities. Their purpose is to further ensure that violations can be identified immediately and suspicions be communicated to the factory owner, workers, and the government, in time to make sure that the problem is resolved quickly.
•C&A Foundation To Transform The Garment Industry Through "Made In Equality."
The C&A Foundation is a corporate foundation that is affiliated with global apparel retailers and brands, which is launching an online event called “Made In Equality,” a storytelling platform designed to highlight the Bangladeshi RMG sector improvements with WebAble - a Digital marketing and social media Agency in Bangladesh. The primary audience of the Made in Equality initiative is Bangladeshis who are not participating in, or are aware of the booming garment industry.
The online platform which is featured on Facebook and other social media will feature people working in the RMG sectors of the country, especially garment workers. It will also present images of individuals and small groups, as well as the quotations of the photographs taken, to illustrate their life experiences in their own words.
The Bangladesh Garment industry in the past has had a bad reputation and is not considered as an ideal place for work or investment. Workers are often portrayed as victims; The Made in Equality initiative is breaking those stereotypes and allowing the people to speak for themselves. The achievements of the Ready-Made Garment (RMG) sector of Bangladesh is an example to many countries of the world that have been trying to reach this position. These are essential for achieving the target of $ 50 billion export earnings from this sector by 2021