OF DESH GROUP
Garments Ltd. (established 27th December 1977) was the first
export oriented ready-made garment industry in Bangladesh.
It was set-up in joint venture with Daewoo of South Korea.
At its time of inception, Desh was the single largest and
most modern garment-manufacturing unit in the sub-continent.
import and introduction of garments technology itself is credited
to Desh Garments Ltd. In 1978, Desh Garments sent 130 workers
and management trainees to be trained at Daewoo's state-of-the-art
garment factories in South Korea. The 130 Desh-selected trainees
returned home after a six-month training period to form the
nucleus of the Ready Made Garment sector's technology and
its core human resource base. Desh Garment is seen as having
given re-birth to the garments industry. It is a unique example
of a company establishing an industry and against all odds.
Despite severe national foreign exchange constraints and bureaucratic
obstacles Desh became a very successful and competitive producer
in the international market.
Garments Ltd. was a twice recipient of the President's National
Award and Grand Prix for Commercial Quality 1988 in Europe,
for highest export earnings for two consecutive years with
annual exports of 5 million pieces. Desh Garments was also
Bangladesh's highest U.S. and Canadian quota holder for several
years. Desh Garments Ltd. has always had an impeccable reputation
throughout the industry for their consensus based management
approach and early adaptation of decentralised corporate management
founder of the group, Mr. M. Noorul Quader is acknowledged
as the father of the 100% export oriented ready-made garment
industry, the innovator of the Bonded Warehouse system and
the Back-to-Back Letter of Credit system, which is the back
bone of the financial structure of the RMG industry.
the innovation of the Back-to-Back Letter of Credit system,
Mr. N Quader eliminated the need for cash working capital
and the need for foreign exchange in the RMG industry. This
allowed the opportunity for entrepreneurs to set-up factories
with low capital investment and thus allowed rapid growth
of the industry.
Despite having diversified into other activities, Desh Group's
core business continues to be apparel manufacturing. Desh
Garments Ltd., also the first public limited company in the
garment sector and listed and actively traded in the Dhaka
Stock Exchange, continues to be the Group's flagship company
and a source of pride for the management. In the future, given
the changes that will take place in the ternational economy
in general and the apparel manufacturing industry specifically.