Gross value addition from the ready-made garment (RMG) industry dropped slightly in the first nine months of the current fiscal year (FY18).Central bank estimation showed that the rate of value addition stood at 74.72 per cent in July-March period of this fiscal year.The value addition is estimated on the basis of import of raw materials in the related sector.The evaluation showed that the raw materials imported through back-to-back letter of credit in the RMG sector stood at $5.77 billion during the period under review.At the same time, export earnings from the RMG reached $28.34 billion.As a result, local value addition came down to 74.72 per cent, which was 75.08 per cent in the past fiscal year.
