The Skill Development
Bangladesh has a populace of in excess of 156 million and a work power of 79 million (World Bank, 2014). Just 5% of the work power has gotten any type of preparing, with just 1% having attempted specialized/professional preparing.
An absence of sufficient training and aptitudes are preventing Bangladeshis from acquiring quality employments and the nation positions underneath numerous others in the district for levels of proficiency, instruction and abilities. 83% of the work power is either ignorant or has no formal training, with just 60% of understudies finishing elementary school.
The Government of Bangladesh perceives the potential commitment of Technical Vocational Education and Training (TVET) to diminish destitution by giving employability aptitudes, especially to the individuals who drop out of school early and to the enormous number of jobless and underemployed grown-ups.
An absence of sufficient training and aptitudes are preventing Bangladeshis from acquiring quality employments and the nation positions underneath numerous others in the district for levels of proficiency, instruction and abilities. 83% of the work power is either ignorant or has no formal training, with just 60% of understudies finishing elementary school.
The Government of Bangladesh perceives the potential commitment of Technical Vocational Education and Training (TVET) to diminish destitution by giving employability aptitudes, especially to the individuals who drop out of school early and to the enormous number of jobless and underemployed grown-ups.
Ready Made Garments (RMG)
The Ready Made Garments (RMG) sector employs more than 4 million people in Bangladesh and is key to the country’s economic success. Generating more than 75% of export earnings, the government of Bangladesh has identified growth in the RMG sector as vital to achieving its aim of reaching middle-income status by 2021.
The readymade garments industry goes about as an impetus for the improvement of Bangladesh. The "Made in Bangladesh" tag has likewise brought wonder for the nation, making it a lofty brand over the globe. Bangladesh, which was once named by pessimists an "endless bin" has now turned into a "container loaded with marvels." The nation with its constrained assets has been keeping up 6% yearly normal GDP development rate and has achieved surprising social and human advancement.
After the freedom in 1971, Bangladesh was one of least fortunate nations on the planet. No significant businesses were created in Bangladesh, when it was known as East Pakistan, because of discriminatory disposition and approaches of the legislature of the then West Pakistan. In this way, reconstructing the war-desolated nation with restricted assets had all the earmarks of being the biggest test.
The industry that has been making essential commitment to revamping the nation and its economy is none other than the readymade garment (RMG) industry which is now the single biggest export earner for Bangladesh. The division represents 83% of all out export income of the nation.
Contribution of RMG Sector to the National Economy:
The role RMG sector in Bangladesh economy is remarkable. It’s seen that, from the last decade, RMG sector contributes to the national economy in considerable rate. About 76% of total export earnings come from RMG sector. From a statistics it’s known that, in FY 2003-04 RMG sector of Bangladesh earned US$ 5,686.06 million, in FY 2004-05 the value was US$ 6,417.67.67 million, in FY 2005-06 the value was US$ 7900.80 million, in FY 2006-07 the value was US$ 9,211.23 million, in FY 2007-08 the value was US$ 10,699.80 million, in FY 2008-09 the value was US$ 12.35 billion and finally in FY 2013-14 the value stands at $24.49billion.
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