In spite of having a number of problems, prospects of garments industries in Bangladesh with her cheap labor and less capital are fair. In order to hold profitable position for garments in the world market we should keep in mind the following things.
1.Production of sufficient raw materials in the country
2.Imparting training to make skilled workers
3.Reduction of VAT and taxes
4.Conducting more research works for developing RMG sector
5.Assurance of safety, salary and other facilities of the workers
6.More advanced of EPZ
7.Proper advantage of water houses
8.Removals of export problems etc.
9.Removing infrastructural bottlenecks
10.Building additional supply capacity
11.Use of cost reduction strategy, and
12.Increase in value-addition through backward integration
13.The government of Bangladesh has to envisage the attainment of self-sufficiency in yarn production by establishing new spinning capacities
14.Bangladesh attracts both local and foreign direct investment in RMG sector
15.The Export Promotion Bureau, in collaboration with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), undertakes various activities to promote Bangladeshi garments in foreign markets
16.Organize annual Exhibition in Dhaka in which hundreds of foreign buyers participate
17.Bangladesh exports a very limited category of products. The factories in Bangladesh produce shirts, jackets, trousers, and other garments, with high concentration in the export of shirts of low price so we have to bring diversities in this sector
