Role of Sweater Industries in the Economy of Bangladesh: A Case Study

Abstract

The purpose of this study is to find the role of Role of Sweater Industries in the Economy of Bangladesh: A Case Study on Sweater Industries Limited . The sweater industry in Bangladesh holds a pivotal role in the nation's economy, serving as a cornerstone for employment generation, export earnings, and industrial development. This case study provides a comprehensive analysis of the industry's contribution to Bangladesh's economic landscape, drawing on a combination of qualitative and quantitative research methods. Through an exploration of supply chain dynamics, export trends, employment patterns, and regulatory frameworks, the study examines the factors shaping the sweater industry's role in Bangladesh's economy. It delves into the industry's historical evolution, its current status as a global player in the garment sector, and the challenges and opportunities it faces in an increasingly competitive marketplace. Key findings highlight the industry's significant contribution to GDP growth, foreign exchange earnings, and poverty alleviation through employment generation, particularly for women in rural areas. The study also identifies challenges such as global competition, fluctuating raw material prices, compliance issues, and sustainability concerns, while emphasizing opportunities for innovation, diversification, and value addition. By synthesizing insights from diverse stakeholders and applying a holistic approach to analysis, this case study offers valuable insights for policymakers, industry leaders, and other stakeholders seeking to foster sustainable economic development and enhance the competitiveness of Bangladesh's sweater industry. Keywords— Role of Sweater Industries in the Economy of Bangladesh: A Case Study on Sweater Industries Limited