Textile & Garments

Fakir Apparels Ltd (FAL) appointed 400 new workers last month after training them for three months at its training centre as the Narayanganj-based garment factory has received 25 per cent more work orders this season compared to the last season. The factory has established a separate training centre to turn …

Square Textiles Ltd, a concern of Square Group, yesterday said its profit rocketed in the first six months of the financial year as revenue growth outpaced the cost of sales. The textile company also cut its finance cost significantly. As such its overall earnings grew nearly six times to Tk …

Entrepreneurs yesterday expressed disappointment as their green operations are not fetching better prices although the costly move has allowed buyers to source products from eco-friendly factories and benefit from the improving image of the whole supply chain. Garment exporters in Bangladesh have pumped hundreds of crores of taka into setting …

Any power tariff hike will have a serious impact on the garment industry as it will scuttle its recovery from the coronavirus pandemic and erode competitiveness, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). “The cost of production will also go up once again,” he …

Textile millers yesterday urged the government to ensure an uninterrupted gas supply to keep the recovery of the apparel sector from pandemic fallout smooth. The majority of the spinning, weaving, dyeing, finishing and printing industries in the textile sector are failing to run at full capacity due to the shortage …

With the goal of attracting local and foreign investment to modernise and reopen closed textile mills, the government has called for open international tenders for four out of 16 textile mills through public-private partnerships (PPP). The move comes after the Bangladesh Textile Mills Corporation (BTMC) initiated a process of handing …

Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have sought government support in addressing RMG sector’s challenges. Leaders of BGMEA headed by President Faruque Hassan met with M. Tofazzel Hossain Miah, Senior Secretary at the Prime Minister’s Office in Dhaka on Sunday and discussed the relevant issues, said the …

The manufacturers of garment and its accessories today formed a joint committee to expedite export of apparel items. The committee was formed by the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association …

Spending behind apparel and footwear in the US exceeded pre-pandemic levels in every month of 2021, says a new study by online personal styling service Stitch Fix. And this translates as good fortunes for Bangladeshi exporters. The US apparel and footwear spending is expected to grow 30 per cent year-over-year, …

Bangladesh has already conquered the international apparel market and is currently the second-largest exporter of garment items worldwide after China with a 6.8 per cent global market share. Although Bangladesh depends on imports for cotton, a key raw material for textile, the country is fast becoming a major source for …