The export-oriented RMG sector in Bangladesh started as a small nontraditional export sector in the late 1970s. Now Bangladesh is one of the countries in South Asia leading the race for shaping up for the Textile & Apparel exports to the US & EU. Within three decades, RMG has transformed itself into the country’s highest revenue-generating sector, contributing most of Bangladesh’s total exports, making Bangladesh the 4 second largest garment exporter in the world. In the fiscal year 2022-2023, Bangladesh exported garments worth US $46.99 billion, making it the second-largest apparel exporter in the world. The Bangladesh Garment Manufacturers Exporters Association (BGMEA) revealed it is eyeing a 10% share of the global apparel market by 2025 and is aiming for an export target of US$ 100bn by 2030. It can be confidently stated that Major investments in the textile & garment sector are happening in Bangladesh.

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As the textile & garment industry in Bangladesh continues expansion, the demand for advanced machinery and technology is on the rise. During the last decade Bangladesh has imported textile & garment-making machineries worth Billions. The Bangladesh Garment Manufacturers Exporters Association (BGMEA) revealed it is eyeing a 10% share of the global apparel market by 2025 and is aiming for an export target of US$100bn by 2030.