The export-oriented RMG sector in Bangladesh started as a small nontraditional export sector in the late 1970s. Now Bangladesh is one of the countries in South Asia leading the race for shaping up for the Textile & Apparel exports to the US & EU. Within three decades, RMG has transformed itself into the country’s highest revenue-generating sector, contributing most of Bangladesh’s total exports, making Bangladesh the second largest garment exporter in the world. Bangladesh imports textile and garment machinery worth more than $4 billion in Bangladesh, and growing by 20 per cent annually because of increasing capacities and upgrading of Machinery. Textile and apparel machinery manufacturers and sellers recognize Bangladesh as a lucrative business destination because of the country’s stronghold in the global readymade garment trade. In the fiscal year 2022-2023, Bangladesh exported garments worth US $47.39 billion, making it the second-largest apparel exporter in the world. The Bangladesh Garment Manufacturers Exporters Association (BGMEA) revealed it is eyeing a 10% share of the global apparel market by 2025 and is aiming for an export target of US$100bn by 2030. It can be confidently stated that Major investments in the textile & garment sector are happening in Bangladesh.