Role of the textile industry in the national economy

There is also no doubt that Bangladesh is benefitting from various preferential trade agreements providing tax free entry into several dozen countries. Other factors like price competitiveness, enhanced GSP facility, market and product diversification, cheap labor, increased backward integration, high level of investment, and government support are among the key factors that helped the country to continue the momentum in export earnings in the apparel sector.

Now they are start using locally accessories minting the required quality. Therefore, the fiber industry remains dependent on imports, and the availability of foreign exchange constrains its development.

The foreign exchange earnings and employment generation of the RMG sector have been increasing at double-digit rates from year to year [2, 3]. Women workers are particularly deprived of their special legal rights e.

Employment- 60, F Dyeing and finishing sector: The idea of textile mills as a means of commerce resurfaced when an economic depression in required alternate sources of revenue for southern businessmen. This first attempt established the pattern for the manufacturing sector of the economy, which for the next years continued to be characterized by 1 import substitution, 2 import of technology and skilled technicians, and 3 government subsidy.

If Bangladesh wants to enjoy increased market access created by the global open market economy it has no alternative but to produce textile items competitively at home through the establishment of backward linkage with the RMG industry.

The official media regularly report cases of workers required to work long overtime hours at small-scale foreign-invested enterprises, particularly in special economic zones and other areas of Southeast China. Also play an important role in the economic development of the country.

The great majority, 68 percent of the population, is between ages 15 and 64; while 25 percent is at the age of 14 or below, 7 percent is at 65 or older. Poultry and livestock production, though rising, remains the weakest sector of Chinese agriculture. In addition to the gap between urban and rural areas, city dwellers also feel the income inequality among themselves.

The result indicates that RMG export explains They monopolized the regional water power sites, had substantial interests in the subsidiary manufacture of textile machinery, and often built and rented out the houses of the workers. In addition, the domestic market has been growing both in consumption and in population.

In the s, the last remaining textile mills, the Boott mill and the Merrimack mill, finally closed. Large multinational corporations have made considerable inroads into China's consumer markets. A job ensures equitable access to household resources nutrition and larger investment on female human capital health and education.

Why Was Cotton ‘King’?

Inin order to accelerate the poverty alleviation and ultimately eliminate poverty by the end of last century, the Chinese government launched the " Plan," the main point of which was to eliminate absolute poverty in 7 years through the tax favorite policy, financial support, and social-economic development program.

The employment of an uneven number of unskilled labors by the garment factories results in low productivity and comparatively more expensive apparels.

In Chinese contract laborers were hired to widen the canal to accommodate more traffic. China has an estimated 69, kilometers 43, miles of railroad. But there is other country that has a contribution to the total RMG export. China has 1, kilometersmiles of highway in total, among whichkilometersmiles are paved with at least 24, kilometers or 15, miles of expressways.

As the income by the female member reduces dependency on male income it reduces their vulnerability. Smaller mill sites, situated near picturesque flowing creeks, are now desirable locations to locate guest cottages, executive retreats, and spa complexes. Thus, China has 15 percent of the world's livestock and about 40 percent of its pigs, but it provides only 7 percent of the meat products and 15 percent of the pork.

The state planning commission formulates quotas for stock and debt listings, which sets a figure for the aggregate offering price of issuances in a given year.The study investigated the effects of textile industry on the growth of economy of Pakistan before and after establishment of world trade organization, Textile sector in Pakistan playing the important role in the growth of our national economy, it has the big share in our GDP growth rate.

It is playing the impotent role in our export. The RMG industry not only propelled the growth of spinning, weaving, dyeing and finishing industries, production of accessories and spare parts, but also rendered large externalities by contributing to other economic activities in such areas as banking, insurance, real estate, packaging, hotels and tourism, recycling, consumer goods utility services and transportation.

TEXTILE INDUSTRY IN agronumericus.come production in Iran dates back to the 10th millennium BCE, and much of the output of Persia’s weavers has rightly been hailed as masterworks. The UK Plastics industry is a Global leader operating at the cutting edge of technology.

Textile Industry

Sales account for approximately £ billion (approximately % of UK GDP), the industry employsThe industry is a dominant player worldwide in the three core sectors that make up the plastics industry: material and additive manufacture, material processors and machinery manufacture.

9. CHALLENGES TO BE FACED BY BANGLADESHI ENTREPRENEURS: A PERSPECTIVE OF INTERNATIONAL MARKETER Comparative advantage of existing cheap labor will help to continue RMG industry in Bangladesh if the future trade in textile and clothing depends on.

Textile manufacturing became the dominant industry in Massachusetts during the Industrial Revolution and helped promote further industrialization of the state. Although other textile mills were established in Massachusetts in the late 18th and early 19th centuries, they were small and only employed a total of people in the entire state.

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Role of the textile industry in the national economy
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