ContemporarY Challenging lssues and Prospects of Garrirents lndustry of Bangladesh

Abstract

The purposes of this research are to find out contemporary challenges and prospects of garments industries of Bangladesh. The researchers have revealed that the challenges faced by this industry are market concentration, absence of local raw material, nonexistence of quota system, lack of technology and slower rate to adaptation, lack of market oriented design, lack of prompt banking a service, political unrest and labor unrest. Prospects of this industry have also been found in this research which is low cost producer, low labor cost, diversified market, and China's attention to heavy industry leaving garments.