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The economy of Bangladesh is a major developing market economy. As the second-largest economy in South Asia,Bangladesh's economy is the 33rd largest in the world in nominal terms,and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022,Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
The textile and clothing industries provide a single source of growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles,clothing,and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. Emerging as the world's second-largest exporter of ready-made garment (RMG) products,Bangladesh significantly bolstered employment within the manufacturing sector.
Abdul Awal Mintoo is a Bangladeshi businessman and politician. He has been chairman or managing director of a number of organisations and groups within Bangladeshi industry. He is the former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and vice chairman of BNP.
Dragon Group is a group of garment factories and other companies in Bangladesh. The group produces mainly for the international market and exports to more than 30 countries,especially the United States and Canada. Its subsidiary Dragon Sweater employs more than few thousand workers and in 2018 was the most traded stock on the Dhaka Stock Exchange.
BGMEA University of Fashion and Technology or BUFT is a university in Bangladesh. It was established with the aim to produce technically competent human resources for the ready-made garments sector of the country.
Salman Fazlur Rahman is a Bangladeshi businessman,and a member of the Jatiya Sangsad. He is the Private Industry and Investment Adviser to Bangladesh Prime Minister Sheikh Hasina in the rank of a cabinet minister. Earlier,he served as the private sector development affairs adviser to her. He was ranked 1685th on the list of billionaires in the world published by Beijing-based Hurun Gobal in 2017. He is the vice chairman of BEXIMCO Group,one of the largest conglomerates in Bangladesh. He was the president of several trade bodies including Association of Television Channel Owners (ATCO).
Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments,starting with the textile industry,embellishment using embroidery,via the fashion industry to apparel retailers up to trade with second-hand clothes and textile recycling. The producing sectors build upon a wealth of clothing technology some of which,like the loom,the cotton gin,and the sewing machine heralded industrialization not only of the previous textile manufacturing practices. Clothing industries are also known as allied industries,fashion industries,garment industries,or soft goods industries.
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Kutubuddin Ahmed is a Bangladeshi businessman who is the founder and chairman of the Envoy Group,a conglomerate which operates in multiple sectors,with major operation in the apparel industry. He is a Fellow of the Institute of Engineers,Bangladesh. In 2015 he is a member of the executive committee of the International Chamber of Commerce,Bangladesh,and a director of the Chittagong Stock Exchange.
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Mohammad Fazlul Azim is a Bangladeshi industrialist,business magnate and former politician. He is the chairman of Azim Group,a leading industrial conglomerate and exporter in Bangladesh with business concerns in Garments,Steel,Engineering,Agro and various other sectors. He last served as an independent member of parliament of the Jatiya Sangsad. Azim was the only independent lawmaker in the parliament during the 9th Jatiya Sangsad. He also served in the parliament from the Bangladesh Nationalist Party.
Rubana Huq is a Bangladeshi businesswoman,university academic and poet. She is the current Vice-chancellor of Asian University for Women (AUW) since February 2022.
Bangladesh Garment Manufacturers and Exporters Association or BGMEA is a nationwide trade organization of garments manufacturers in Bangladesh and is located in the capital city of Dhaka. It plays a pivotal role in the country's earning sector of foreign trades.
Abdus Salam Murshedy is a Bangladeshi politician,entrepreneur and former national team football player. Aligned with the Bangladesh Awami League,he is elected uncontested as member of the Jatiya Sangsad for Khulna-4 since September 2018. He is a director of Envoy Group,senior vice president of Bangladesh Football Federation (BFF),President of Exporters Association of Bangladesh (EAB) and former president of Bangladesh Garment Manufacturers and Exporters' Association (BGMEA). He has been elected as a Commercially Important Person (CIP) by the Government of Bangladesh in 2014.
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The Bangladesh Garment Workers Trade Union Centre (GWTUC) is a trade union federation of garment workers in Bangladesh. It is one of the largest trade unions in that sector,with more than 20 factory trade unions affiliated to it. It has enough members to be formally recognised as a trade union,but does not have that status,as is not uncommon for left-oriented unions in Bangladesh. Politically,GWTUC is aligned with the Communist Party of Bangladesh.
The National Garment Workers Federation (NGWF) is a registered national trade union federation of garment workers in Bangladesh. With 87 registered factory unions,it ifs considered one of the four main federations of garment workers' unions. NGWF is the initiator and a member of the Bangladesh Garments Workers Unity Council and a member of the Bangladesh Center for Workers' Solidarity. It is affiliated with the IndustriALL Global Union and one of the signatories of the Bangladesh Accord.
S. M. Mahfuzur Rahman is a Bangladeshi academic and chairperson of Janata Bank. He is the vice-chancellor of BGMEA University of Fashion &Technology. He is a former professor of finance at the University of Dhaka. He is a former chairman of the Investment Corporation of Bangladesh.
Md. Mahbub Hossain is a Bangladesh civil servant and incumbent Cabinet Secretary of Bangladesh. Prior to this position,he was Senior Secretary of the Energy and Mineral Resources Division of the Ministry of Power,Energy and Mineral Resources. He also served as the chairperson of Titas Gas and Gas Transmission Company Limited. He is the chairman of Omera LPG as nominee of MJL Bangladesh Limited. He is a director of Karnaphuli Fertilizer Company Limited.
Mohammadi Group is a Bangladeshi diversified conglomerate based in Dhaka with a focus on the garments industry. It was founded by Anisul Huq. Rubana Huq is the managing director of Mohammadi Group. Navidul Haq is a director of the Mohammadi Group.
References
- ↑ "Shafiul Islam elected FBCCI president". The Independent. Dhaka.
- ↑ "Shafiul Islam Mohiuddin new FBCCI president – Business".
- ↑ "Mohiuddin elected FBCCI President". Daily Sun.
- ↑ "Shafiul Islam Mohiuddin elected new FBCCI president". bdnews24.com.
- ↑ "Cotton Bangladesh ::: Interview BGMEA President: MD. Shafiul Islam (Mohiuddin)". cottonbangladesh.com.
- ↑ "BGMEA University of Fashion and Technology". www1.buft.edu.bd.
- ↑ "Bangladesh". saarcchamber.org.
- ↑ "List of 71 MPs who didn't get AL nomination". The Daily Star. 26 November 2023. Retrieved 29 November 2023.