China, India and Vietnam are the major competitors of Bangladesh in the RMG sector and despite oodles of hardship in the sector Bangladesh occupies the 2nd position in the world. It is a mystery to countries of the world: how can Bangladesh with its massive population maintain over 6.0 per cent plus growth rate over the years? The mystery is nothing but RMG. RMG is the life blood of Bangladesh economy supported by other sectors like pharmaceuticals, fishing, tanneries and agriculture. According to world economic forum, Bangladesh commands 5.0 per cent of the world RMG sector.
