The RMG industry is the only multi-billion-dollar manufacturing and export industry in Bangladesh. Whereas the industry contributed only 0.001 per cent to the country's total export earnings in 1976, its share increased to about approximate 80 percent of those earnings in 2010. Bangladesh exported garments worth the equivalent of $12348 Million in 2010, which was about 3.00 percent of the global total value ($276 billion) of garment exports. The country's RMG industry grew by more than 15 percent per annum on average during the last 15 years.
Today Bangladesh has successfully established herself as a prominent apparel/textile exporter in the global textile trade.
* The export of RMG plays an immensely important role in the socio-economic development of Bangladesh accounting for more than 75 percent of Bangladesh's total export earnings.
* Over 3 millions workforces are directly employed in this sector.
* The employment of woman (about 80%) in this sector has created empowerment amongst women of the lower segment of society.