Business · Singapore Bureau
Bangladesh to raise garment sector minimum wage
Bangladesh is preparing to increase minimum wages for workers in its garment manufacturing industry, a sector that underpins the economy of the 170-million-strong nation. The move comes as the country maintains its position as the world's second-largest apparel exporter after China.
LSN Singapore ·
Bangladesh's garment industry, which employs millions of workers, is set to benefit from a minimum wage increase as the government seeks to address labor concerns in the sector. The announcement reflects ongoing efforts to improve conditions for workers in factories that produce clothing for major international brands and retailers.
As the globe's second-largest garment exporter, Bangladesh plays a critical role in the international fashion supply chain. The industry generates substantial export revenues and employment, though it has faced scrutiny over working conditions and worker welfare in recent years.
The wage increase is expected to apply across garment manufacturing facilities in the country. The move aims to align wages with living costs while maintaining the competitiveness of Bangladesh's garment sector in global markets.
Details regarding the exact magnitude of the wage increase and its implementation timeline have not been finalized. The government's decision reflects balancing acts between supporting workers' purchasing power and sustaining the industry's attractiveness to domestic and foreign investors.