Garment industry summarizes the types of trade and industry along the production and life chain of clothing and garments, starting with the textile industry (producers of cotton, wool, fur, and synthetic fibre) via fashion industry
In Bangladesh, Garment & Textile widely known as Readymade Garments (RMG) sector has raised as the biggest earner of foreign currency. This sector creates the highest employment opportunities and contributes significantly to the GDP. Readymade garments (RMG) of Bangladesh is powered by young, urbanizing, workers, where most of them are women. Though, there are various types of garments manufactured in Bangladesh, but all the readymade garments are classified into two broad categories, where one is woven products and another one is knitted products. Woven products include Shirts, Pants and Trousers. On the other hand, knitted product includes T-Shirts, Polo Shirts, Undergarments, Socks, Stockings and Sweaters. Woven garments still dominates the export earnings of the country. Sourcing is also one of the areas where Bangladesh is considered as the next hot spot for the readymade garments market place. The art of flourishing this sector is the cost efficiency compared to any other countries of the world. SMARTFELcan extend their assistance in this sector by:
Performing external audit services
Performing internal audit services
Performing back office services, like-payroll, bookkeeping & accounting, inventory management, payable management, corporate taxation, etc.