Why Moving to a Circular Economic Model Makes Sense for the Textile Industry

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Why Moving to a Circular Economic Model Makes Sense for the Textile Industry

...leading ready-made garments (RMG) manufacturers in the world, ranked as the 3rd largest global RMG exporter in 2020, the industry accounts for more than 10% of the country’s Gross Domestic Product...

LightCastle Analytics Wing | July 19, 2021

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Bangladesh Economic Outlook 2019: A resilient economy in need of sound policy

...beyond RMG products. Exports of non-RMG products declined by 9.5%, dragging down the total export growth rate. In FY 2018, growth of exports to the traditional markets have out-performed exports...

LightCastle Analytics Wing | March 4, 2019

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From Labor to Automation — The Rise of Fast Fashion at the Cost of Bangladesh

...like Bangladesh have been rushing to capture newfound opportunities in trade once provided by Chinese markets. High growth has been specifically seen in the ready made garments (RMG) sector (with...

LightCastle Analytics Wing | August 8, 2019

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Business Confidence & Bangladesh: What will drive the Economy in 2018?

...up an impressive annual average growth rate of more than 6% over the last ten years. However, stagnation of the RMG sector, lower oil prices adversely impacting remittances, and current...

LightCastle Analytics Wing | March 15, 2018

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The 2020 Coronavirus Recession: How Comparable is it to the 2008 Financial Crisis?

...the economic activities to resume.[2] This indicates that the 2020 Crisis is making the RMG industry come crashing down. Foreign Labour Market Another important driver of the Bangladeshi economy is...

LightCastle Analytics Wing | June 8, 2020

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COVID-19: A Wake-up Call for Global and National Supply Chains

...and countrywide supply smooth. Also, businesses need to get their imported goods released from the ports following the relaxation of government restrictions. According to Moody’s, the disruption in RMG supply...

LightCastle Analytics Wing | June 11, 2020

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What an Indian Recession Could Mean for Bangladesh?

...agriculture. Bangladesh’s great success lies in its being able to fill the gap left by Chinese exporters of RMG products as policy-makers in Beijing shift their focus towards increasing domestic...

LightCastle Analytics Wing | November 14, 2019

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RMG and Textile

RMG and Textiles industry has consistently been the key driver of Bangladesh export for the last 4 years, covering over 80% of the total export. Hence, the industry has earned...

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Prospects of Plastics Sector: A Rarely Told Story

...people in small units, 0.5 million in medium and 0.1 million in large enterprises while 0.6 million people are indirectly working with the sector.[4] The export of plastic goods can...

LightCastle Analytics Wing | March 25, 2020

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Bangladesh Leather Industry – From Hazaribagh to Savar

...[2] . However, the leather industry has recently been facing a gradual decline in export earnings. In FY18, exports of leather, leather goods, and footwear were $1.08 bn, down from...

LightCastle Analytics Wing | May 14, 2019

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High Prospects in the Commercial Vehicle Market

...is thus derived demand from the demand for goods and services. In Bangladesh, cargo commercial vehicles are mainly used for the transport of RMG products, construction materials, and commodities.[7] Moreover,...

LightCastle Analytics Wing | July 24, 2019

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Mapping SME Clusters in Dhaka District

...Dhaka Metropolitan Area (DMP) In Dhaka Metropolitan Area, there are multiple light engineering clusters primarily located in old Dhaka. Manufacturers of plastic goods, PVC pipe, plastic containers and other synthetics...

LightCastle Analytics Wing | December 4, 2020

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COVID-19 Brings Winds of Change in Globalization

...of countries that enable the Ready-made Garments (RMG) and Remittance sectors. [16] Due to the recent crisis, RMG companies that buy from Bangladesh are closing doors in cities throughout America...

LightCastle Analytics Wing | June 2, 2020

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Evolution of Micro Insurance in Bangladesh: Financial Cushion for the Bottom of the Pyramid Population

...as an economy booster for the RMG Sector Health Finance Scheme for RMG workers, SNV and Pragati Life Insurance (2016- Present): To provide better healthcare service for the RMG workers in...

LightCastle Analytics Wing | May 30, 2021

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Digital Financial Service: Expanding Role of Institutional Players

digital financial services in bangladesh

...remains. High human capital intensive industries like readymade garments (RMG), financial services (including micro-finance), consumer services industry and agriculture can drive the demonetisation and transaction digitisation wave. There are additional...

| December 18, 2018

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