The Garment and Textile Industry in Bangladesh Essay Example

there are no roads and electricity goes out and does not exist in some areas.

Investing in infrastructure will take money away from the total amount of profit exporting bring, but over time it will increase textile exports even more. This will make it easier for the trading markets to access the exports and will make it easier to compete with China, which is the number 1 exporter in the country.

It is important to keep cost low to keep the Western trades interested. Placing the money back into the economy and the textile mills will help keep labor cost low and the raw materials low. No putting anymore money into other projects will help keep cost low and exports higher than ever.

Bangladesh must stay competitive and reliable with their high skilled work force. Investment opportunities and government support would be huge with solving these constraints.

The government could support and help the textile mills to make Bangladesh even more profitable in exporting. The government could help with infrastructure and electricity outages. This will create a more product work environment and keep the cost low. The government must support low-cost funding, road and port improvements and invest in electricity.

Bilateral agreements with 28 countries and Generalized System of Preferences (SSP) of the EX.

are key reasons for Bangladesh RAM products having access to global markets (Board of Investment Bangladesh, 2012). Best alternative The best alternative would be improve the infrastructure, and increase the price of exporting but still lower than any other country. Bangladesh would make a larger profit and could put more money on fixed and creating the ports and roads which in

return will make it easier for the buying countries. If the prices continue to stay low, the country may not have enough money for infrastructure.

Bangladesh would have more money to help with the electricity outages which can also help business buy producing more and exporting more. Implementation plan The implementation would be analyzing the competitions textile export prices, and then increase the price to keep it right below the competition. This will allow Bangladesh to gain more profit and place that into infrastructure. They would also want to focus on the electricity so labor improves and more textiles can be made. This plan will allow for easier flowing importing and most importantly exporting.