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Expatriates remittance in Bangladesh garment exports

An unpublished study of Dhaka University and The Centre of Excellence of BGMEA estimates that the 34,340 expatriates holding top positions in RMG factories in Bangladesh are remitting around $2.36 billion they receive in salary and allowances.

The total figure is likely to be much higher as the study did not take foreigners working in buying houses and other garment-related organisations into account.

The amount the foreigners in RMG sector are remitting is almost one-eleventh of the total export earning of RMG sector in a year. Besides, the remittance flowing out of the country is about one-eighth of what Bangladeshi expatriates remit to the country.

The study estimates total of 34,340 expatriate employees to be working in the RMG sector in different positions such as CEO, CFO, general manager, senior manager, head of dyeing, head of washing, and head of quality assurance.

It is also estimated that total salary paid to foreign employees is $2,359,983,090 per year. Owners employed 1 to 100 foreigners at the factories.

 

 
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