Skilled workforce is RMG's future
Release Date: July 21, 2018
It is well-known that the minimum wage of Bangladesh's garment workers is one of the lowest in the world, but what is less well-known and discussed far less often, is that the productivity of the sector is also the lowest among apparel producing nations, largely due to the fact that Bangladeshi workers lag behind other nations in skills and suffer from a lack of skill development opportunities and facilities.
Since its foundation, the booming Ready-Made Garment (RMG) sector has, traditionally, been regarded by foreign buyers as a value resource, based on high volume, low price products. The growth of the sector is undeniable (rising from USD 4,824 million in 2000 to USD 29,212 Million in 2017) but how do we sustain these levels and how do we prepare for changes that will arise from Bangladesh's transition from a Least Developed Country (LDC) to a developing country, with Developing Country status officially expected by 2024?
Source From: The Daily Star
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