Tactics Of Commercial Activities Essay

5381 words - 22 pages

Tactics of Commercial Activities

PREPARED BY

Saiful Islam Biplob | CAN-150221 |

Date of Submission: Dec 07, 2015

Executive summery

Exporting is a challenging job in the garments sector. Now it’s an adopting concept in garments industry. In this regard commercials play an important role in the RMG manufacturing company. The Commercial Officer is an executive-level position whose occupant is responsible for the commercial strategy and development of an organization. It typically involves activities relating to marketing, sales, product development and customer service to drive business growth and market share. As a corporate officer position, the ...view middle of the document...

The economy of Bangladesh is significantly dependent on agriculture. But it’s a great news for the country that, readymade (RMG) sector of Bangladesh has risen as the biggest earner of foreign currency. This sector creates about 4.2 million employment opportunities and contributes significantly to the GDP. Readymade garments (RMG) of Bangladesh are powered by young, urbanizing, workers, where most of them are women.

History of RMG Sector in Bangladesh:
The foundation of textile sector was first established in the 60th decade of 19th century. For the first time, the industry exported shirts (Mercury shirt) to the European market in 1965-66, which was produced from Karachi. In the latter, 9 exporting industries were available in 1977-78. The three largest industries in that time were Riaz Garments, Jewel Garments and Paris Garments. Among those, Riaz Garments was the most famous and oldest industry in that time.
In the earlier stage, Riaz Garments of Mohammad ReazUddin started its business with some tailoring shop in the name of Riaz store. In the later, the name turned into Riaz Garments from Riaz store in 1973 and from 1978 the company started exporting products in the abroad by exporting 1 million pieces of shirts in the South Korean Company named “Olanda”. “Desh Garments” is another pioneer of Bangladesh RMG sector. In 1979, Desh Garments started a joint project with South Korean company “Daiyuu”.
At the same time, several garments were introduced such as-Stylecraft limited by ShamsurRahman, AristocraftLimitd by AM Subid Ali, Azim Group by Engineer Mohammad FazlulAzim and Sunman Group by Major (Retd) Abdul Mannan.
By following the beginners of RMG sector, some others discreet and hard-working entrepreneurs started their RMG business in the country. From there, RMG sector of Bangladesh was developing day by day and not needed to look back. Though this sector had passed various critical stages through the path. In that time, we learned about child labour 1994 and in 1995 we made our garments industry free from child labour very successfully.
Present Situation of RMG Sector in Bangladesh:
Quota system was a great blessing for establishing our garments industry. We were strongly benefited by using that. As a result we can see a matured garments industry today. But while quota system was approaching to an end in 2004, there’s so many got upset about the RMG sector of Bangladesh. Though in the latter it can’t be affected here as the experts were seemed. We conquered the post quota challenges and made that a successful story.
In RMG sector of Bangladesh, there are more than 5000 garment factories (private statistics) at the current time, employing more than 12 lack labours, where 85% of the labour force is women. But, according to BGMEA the number of garment factories in Bangladesh around 4000. Now, RMG industry is the country’s largest export earner with the value of over $24.49bn of exports in the last financial year. It’s great news for us that,...

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