...McClureRandy Milton | | | | | | | Bangladesh’s Textile Industry Theoretically, free trade eliminates imposed governmental barriers to international trade. Expressively, free trade is a Pandora box of confusing issues addressing basic rights, international fiscal development, ecological principles and global employment formations (Chmielewski and Media, 2016). Chmielewski and Media (2016) implied that free trade was the best thing that could happen to Bangladesh’s textile industry. Free trade is an attempt to improve the international economy on the principle of “comparative advantage”. Bangladesh prospered by using their abundance of textile to trade for products that other countries have abundance. The main purpose of the “free trade” was to improve the global economy using the principle of “comparative advantage”. The shift to a free trade regime in the textile industry was good for Bangladesh’s employment and economic growth. Initially, textile products were exported through a preferential quota system from poor markets to rich markets but the shift accounted for lower labor cost, support from other industries, and increased business with western importers. Labor costs decreased to a level lower than China. Lower labor cost was due to low hourly wages and the use of technology. The use of technology increased productivity which allowed consumers to buy more for less money. Importers brought more textiles for less money during the recession. Free trade provided opportunities...
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...WEDNESDAY, 15 JULY 2009 India’s Cotton & Textile Industry: Main Points v India’s textile and clothing industry contributes 4% per cent to Gross Domestic Product, 14 per cent in industrial production and 12 per cent in export earnings. v It is the second largest industry providing employment after agriculture. It provides employment to around 35 million people. v First Cotton Mills: The first Indian cotton cloth mill was established in 1818 at Fort Gloaster near Kolkata, albeit this mill was a failure. The second mill which was established by KGN Daber in 1854 is called the true foundation of modern cotton industry in India. Its name was Bombay Spinning and weaving Company, Bombay. v Bad Effects of Partition: Partition of India in 1947 affected Indian cotton industry badly. Most of the weavers who were Muslims migrated to Pakistan. There were 394 cotton mills in India before partition, out of this 14 mills went to Pakistan. Remaining 380 mills which were left in India. However 40 % cotton producing area became area of Pakistan. Thus India was forced to import raw cotton to keep the mills alive. v Development Starts: Till the year 1985, development of textile sector in India took place in terms of general policies. In 1985, for the first time the importance of textile sector was recognized and a separate policy statement was announced ...
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...Principles of Management Term Paper ON “The History of Textile Industry in Bangladesh” Submitted to: MD. Rehan Masoom Course: Principles of Management Course code: MNG1203 Submitted by: Atqiya Mahila Trisha; ID-121113006 Syeda Tasneem Humayra; ID-121113008 Rajoshi Jahangir (Rajoshi); ID-121113007 Sirajum Munira; ID-121113001 Sec: A History of Textile industry in Bangladesh Introduction While agriculture for domestic consumption is Bangladesh’s largest employment sector, the money gained from exporting textiles is the single greatest source of economic growth in Bangladesh. The Bangladesh Textile Industry has a long history of many centuries and has been seen as the part of an economy of undivided India and later on of Pakistan. It was only after the liberation of Bangladesh that the Textile Industry had to be considered independently to meet the needs of the large population. Until 1990s the Textile Industry was basically meeting the local needs. Following the increase in the export of readymade garment industry, the textile industry started catering to the export market in the 1990s. The Government Policy in Bangladesh always favored the backward linkage industry. However, the most dynamic policy was the announcement of Textile policy in 1992-1994 when textile was declared as a Thrust Sector and an alternative cash assistance of 25% given to garments exported using local fabric to compensate for the benefit/advantage and subsidies given by other countries...
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...RELIABILITY ENGINEERING AND MANAGEMENT RELIABILITY MANAGEMENT STRATEGY FOR TEXTILE MANUFACTURING PROCESS FOR RELIABLE TEXTILE MATERIALS BY YUSUF AJIBOLA SARAFADEEN (201318885) Mini Research paper in partial fulfillment of the requirement for the degree MASTER OF ENGINEERING IN ENGINEERING MANAGEMENT FACULTY OF ENGINEERING UNIVERSITY OF JOHANNESBURG Supervisor: Mr. Alex Rooney TABLE OF CONTENTS TITLE PAGE TABLE OF CONTENTS ABSTRACT INTRODUCTION INTRODUCTION RELIABILITY RELIABILITY RELIABILITY MANAGEMENT AND STRATEGY RELIABILITY MANAGEMENT AND STRATEGY TEXTILE MATERIALS AND MANUFACTURING PROCESS TEXTILE MATERIALS AND MANUFACTURING PROCESS TEXTILE MATERIALS AND MANUFACTURING PROCESS TEXTILE MATERIALS AND MANUFACTURING PROCESS DESIGN FOR RELIABILITY DESIGN FOR RELIABILITY 1 2 3 4 5 5 6 6 7 7 8 9 10 11 12 DESING FOR RELIABILITY 13 DESIGN FOR RELIABILITY OF A TEXTILE MANUFACTURING SYSTEM TO PRODUCE RELIABLE TEXTILE MATERIALS 13 -15 CONCLUSION REFERENCES 16 17 ABSTRACT The improvement of manufacturing process during the past years due to technology advancement and data collected from statistical analysis of plant/equipment failures is remarkable. Many companies have developed to the point where breakdown maintenance and preventive maintenance are the predominant maintenance approaches. Despite these improvements in technology and apparent unending stream of new maintenance management strategies plant/equipment performance is in many cases not the most reliable...
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...Identification The export-oriented readymade garments segment of the Textile & Clothing industry in Bangladesh enjoyed a gigantic growth rate in terms of foreign trade for last one and half decade. Bangladesh economy is highly dependent on the export of ready-made garments. Currently more than 6000 RMG units are operating in the country. But the concern for the T&C industry is that about 70% of the fabric requirement is fulfilled by imports. Hardly will you find apparels manufacturers who have their own capacity of producing fabrics. Large-scale producers of fabrics are as well very few in numbers. It is a severe problem for the industry so that after 2004 the global T&C market has been absolutely opened. Quota provisions for LDCs has void. Reasonably the world market will become extremely competitive and low-cost producers will be succeeded. Bangladeshi apparels producers will possibly lose lots of suppliers as because in the quota-free world they would find manufacturing RMG more profitable. So it is a high time for the T&C industry. BEXTEX Limited, the leading textile company in the country is very much willing to take the challenge of global competition. BTL promotes its products directly to the foreign importer of RMG. The company perceives the RMG manufacturing units just as channels to reach the customers. But, it is also valid that BTL has got interests in the well-running of the RMG wing of the Bangladesh industry. All these issues strongly recommend that before confronting...
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...Current State of Textile Industries in Bangladesh Introduction: The textile and clothing sector is the largest manufacturing activity in Bangladesh. It provides direct employment to about than 5 million people, which accounts for 45 per cent of all industrial employment in the country. The sector contributes 10 per cent of the country’s GDP, 40 per cent of industrial value addition, and 78 per cent of export earnings. Major readymade garments exported by Bangladesh are knitted and woven shirts and blouses, trousers, skirts, shorts, jackets, sweaters and sportswear, and other fashion apparel. In the Table below provides a profile of Bangladesh’s textile and clothing sector. The sector can broadly be divided into primary textile sector (PTS) and export-oriented readymade garment (RMG) making sector. The PTS comprises spinning, weaving, and specialized textile units, traditional handloom sector and knitting and dyeing subsectors. Currently, there are now 350 spinning mills, 400 weaving firms, 310 dyeing and finishing units, and 4,500 garment factories. |Sub-sector |Number of units |Installed machine capacity |Production capacity |Employment | | | | | | | |Textile spinning |350 7.5 million |spindles |1...
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...One of the most consistent patterns in business is the failure of leading companies to stay at the top of their industries when technologies or markets change, especially in emerging markets. What may work in the United States, may not necessarily work as well in other countries. Many companies invest aggressively in the technologies necessary to attract and retain their current customers but sometimes fail to ensure other investments are made to keep up or keep ahead with future demand. Taking a look at Novozymes and their success, they seemed to be doing everything right. They were the leading global provider in enzymes for industries such as household care, textiles, and goods and beverages. The company met its sales growth goal, increased its sales each year, and acquired a pretty large percentage of the market share (Palepu & Misztal, 2012). Being a premium player in detergents and food, they focused on technological innovation to stay successful. Additionally, Novozymes was producing very dependable and consistent products which kept them prominent in Chinas high tech enzyme market. But was this good enough? Novozyme also commoditized in sectors with fierce price competition such as textiles and brewing which threatened them by the low-cost Chinese rivals (Palepu & Misztal, 2012). Novozymes produced high quality goods but couldn’t keep up with the local players that were gaining scale with low-end market segments. Not only were these products more cost appealing, the...
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...2013 FACTORS AFFECTING THE EXPORT PERFORMANCE OF TEXTILE INDUSTRY IN DEVELOPING COUNTRIES – A REVIEW OF LITERATURE Yoganandan.G & Jaganathan A.T Assistant Professor(s) in Management Studies K.S.R College of Arts and Science Tiruchengode, India Saravanan. R Director and Head, Department of Management Studies Sri Krishna College of Technology Coimbatore, India. SenthilKumar .V M.Phil Scholar in Management Studies K.S.R College of Arts and Science Tiruchengode, India. Abstract The present study aims at reviewing researches conducted in the area of determinants of and factors affecting the export performance of textile industry. The tools used by the various researchers and their findings are studied in order to establish the academic contributions made by these studies to the existing body of knowledge, new models developed and also to highlight method adopted or suggested by researchers for conducting researches in the area of export performance of manufacturing industries with special focus on textile sector in developing countries. The article analyzed researches carried out in China, India, Sri Lank, Bangladesh and Pakistan. These economies are the dominant textile exporters in the international trade. The review highlights that most of the studies have been carried out on establishing the relationship between GDP, exchange rate, labor, capital (FDI) and technology with export performance of textile industry. Most of the researchers found a positive relationship...
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...|Professional Post Graduate Diploma in Marketing | | | |Chartered Institute of Marketing | | | | | | | |Candidate No: 13184461 | | | |Center Name: Management Development Centre (MDC) | | | | | |Subject: Emerging Themes | | | | | |Word Count for Discussion Paper: | | | |Task One: 555 ...
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...TABLE OF CONTENTS 1.0 Introduction to the main the supply chain and its focal firm................... 1.1 The Vision....................................................................................................... 1.2 The Mission..................................................................................................... 1.3 Key Brands...................................................................................................... 1.4 The Flow Chart of the Manufacturing Process................................................. 1.5 Process Description............................................................................................ 2.0 Demand Planning 2.1 Forecasting---------------------------------------------------------------------- 2.2 planning--------------------------------------------------------------------------- 3.0 Order Management/Service Level 3.1 Method----------------------------------------------------------------- 3.2 Order Status Tracking-------------------------------------------------- 3.3 Technology----------------------------------------------------------------------- 3.4 Reverse Logistics--------------------------------------------------------------- 3.5 Managing Third Party Logistics----------------------------------------- 4.0 Sales and Operations Planning 4.1 Structure and Focus------------------------------------------------------------------ 4.2 Product Run Strategy---------------------------------------------------------- ...
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...manufacturing companies have taken the strategic decision to move to higher quality or specification products, which command a price premium in the market, with a hopeful corresponding impact on margins. The UK Textiles Industry is no exception to this trend and many companies that were unable to diversify, or had niche markets that proved unsustainable, have been taken over or ceased trading with the loss of many job opportunities. The Textiles Industry is important to the Scottish economy. It employs 22,000 people and with an output of £1.2 billion contributes £500 million to the country’s manufactured exports. The Scottish Borders is heavily dependent on this industry and in particular knitwear, which employs around 4,000 people. Recognising the sensitivity of the knitting and weaving sectors to the economy in the Scottish Borders, and following the successful action against the punitive import duties proposed by the USA government arising from the ‘Banana War’ incident, Scottish Enterprise Borders secured public sector funding from Scottish Enterprise and ultimately the EU, to establish a support mechanism for the industry. The Cashmere Made in Scotland Promotion began operation in 1997 and was aimed at encouraging manufacturers to move more heavily into the high value cashmere market. The promotion was geared to...
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...Abstract This paper examines the impact of NAFTA on trade as well as migration flows between Mexico, Canada, and the United States in the textile industry. Several questions are being investigated: Why did many textile jobs apparently migrate out of the United States in the years after the establishment of NAFTA? Who gained and lost from the process of readjustment in the textile industry after NAFTA? The act whether to protect or not to protect the textile industry when a free trade agreements? The findings show that the migration of many textile jobs out, mostly Mexico was mainly due to a cheaper and enhanced plants included with a flood of cheap labour compared to the United States. Certain quarters like the people of Mexico, people of the United States, apparel companies, and etc both benefits and lost at the same time. The impact on long-term trends were noticeable, while the short-run impact is more difficult to assess due to competing factors such as changes in business cycle patterns, immigration laws, economical climate, weather conditions, and exchange rate movements. Finally, there is the idea that protecting the textile industry from painful free trade agreement is not a perfect solution, bringing a solid and positive outcome to many with only a little much to sacrifice for the betterment of the countries’ wealth and dependency. Introduction The first major international trade agreement in the world was the General Agreement on Tariffs and Trade (GATT) formed in...
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...Factors Affecting the Performance of Micro and Small Enterprises in Arada and Lideta Sub-Cities, Addis Ababa By Admasu Abera A Thesis submitted to the school of graduate studies of Addis Ababa University in partial fulfillment of the requirements for the Master of Business Administration (MBA) degree Addis Ababa University Addis Ababa, Ethiopia October 2012 Factors Affecting the Performance of Micro and Small Enterprises in Arada and Lideta Sub-Cities, Addis Ababa By Admasu Abera A Thesis submitted to the school of graduate studies of Addis Ababa University in partial fulfillment of the requirements for the Master of Business Administration (MBA) degree Addis Ababa University Addis Ababa, Ethiopia October 2012 Declaration I, the undersigned, declare that this study entitled “Factors Affecting the Performance of Micro and Small Enterprises in Arada and Lideta sub-cities, Addis Ababa” is my own work. I have undertaken the research work independently with the guidance and support of the research advisor. This study has not been submitted for any degree or diploma program in this or any other institutions and that all sources of materials used for the thesis have been duly acknowledged. Declared by Name: Admasu Abera Signature: _____________ Date: October 2012 Place: Addis Ababa, Ethiopia Advisor: Fesseha Afewerk (Ast. Prof.) Signature: ______________ Date: __________________ Addis Ababa University School of Graduate Studies This is to certify that...
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...Securities and Exchange Commission Act 1993 (Act 15 of 1993) as a capital market regulator with a view to ensuring proper issuance of securities, protection of the interest of investors in securities, development of the capital and securities markets, and regulation of the capital and securities markets in Bangladesh. The Commission consists of a chairman and four full time members who are employed by the government for a period of three years renewable for another similar term. The services of the chairman and members of the Commission are also determined by the government. The Chairman is the chief executive officer of the Commission. The country’s capital market witnessed a remarkable turn-around during the fiscal year 2008-2009. There were unmistakable signs of the resurgence of investor’s confidence which suffered a major jolt in the wake of the catastrophic crash of the stock market in 1996. Dhaka Stock Exchange’s (DSE) general index which was introduced on 27th November 2001 with a base of 818 points hardly moved in the following two years with the index increasing by merely five points to reach 823 on 30th June 2003. A significantly higher level was attained during the following year with the index rising to 1319 as of 30 June 2004. Parallely, Chittagong Stock Exchange’s index rose from 1841 as of 30th June 2003 to 2329 as of 30th June 2004. The momentum of growth persisted through the subsequent months. Market capitalization at DSE increased from Taka 69 billion on of 30th June...
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...Economic Development of Bangladesh Economy of Bangladesh Economic Position in World: The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the International Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. Growth rate and Economic Sectors: The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, RMGs. Remittances from Bangladeshis working overseas, mainly in the Middle East, is the major source of foreign exchange earnings; exports of garments and textiles are the other main sources of foreign exchange earnings. Ship building and cane cultivation have become a major force of growth. GDP's rapid growth due to sound financial control and regulations have also contributed to its growth; however, foreign direct investment is yet to rise significantly. Bangladesh has made major strides in its human development index. The land is devoted mainly to...
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