Despite facing challenges such as the Russia-Ukraine conflict, inflation, and cotton import decline, Bangladesh's readymade garments (RMG) sector has grown by 10% in the fiscal year 2022-2023. The growth rate was 5.64% in the first half of the year.
The sector has benefited from the high global demand for RMG and the low production costs in Bangladesh.
However, it also faces some risks, such as yarn shortage and gas crisis, that could affect its performance in the future.
Bangladesh's RMG sector is optimistic about its prospects. It aims to take advantage of the global apparel market and the government's support.
Bangladesh RMG Sector Defies Headwinds.
