The country’s apparel and textile sector leaders on Monday stressed the need for local and foreign direct investments in non-cotton-based backward linkage industries to tap potentials of manmade fibres on the global market. In a business session of the International Investment Summit-2021 organised by the Bangladesh Investment Development Authority at …
Read More »BGMEA ties up with CNN to promote ‘Made in Bangladesh’
CNNIC will showcase the compelling stories of Bangladesh’s apparel sector – namely, the strides the country has made in ensuring workplace safety, environmental sustainability and workers’ wellbeing The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has entered a partnership with US-based CNN International Commercial (CNNIC) to promote “Made in Bangladesh” …
Read More »RMG factories make slow progress in remediation
Readymade garment factories which were inspected under the joint initiative of the Bangladesh government and the International Labour Organisation have made 48 per cent progress in remediation in the last six years. A total of 1,549 factories were inspected under the national Initiative, backed by the ILO and funded by …
Read More »Higher work orders, prices barely bring profit
With improvements in the pandemic situation, local garment suppliers have been receiving higher prices and more work orders from international retailers and brands but making a profit has become difficult as business costs have increased. At the same time, apparel manufacturers are apprehending a return of the crisis in the …
Read More »Dhaka eyes GSP-plus facilities as EU envoy neets Minister Munshi
Bangladesh hopes for GSP+ facility on the European Union (EU) market until 2029 as well as some more trade preferences. Commerce Minister Tipu Munshi came up with such optimistic outlook after a meeting with the EU head of delegation in Bangladesh, Charles Whiteley, at the secretariat on Wednesday, two days …
Read More »Govt to sit with stakeholders as EU countries report fresh Covid cases
Bangladesh sends over 50% of its exportable goods to the EU market while the USA is the single largest export destination of Bangladeshi goods The government will sit with stakeholders in the export sectors soon to review the export market and possible impact incoming due to the spread of coronavirus …
Read More »RMG exports to US grow 26.37pc in Jan-Sept period
The country’s apparel exports to the United States, in terms of both volume and value, continued to rise and maintained a double digit growth during the first nine months of this calendar year. Bangladesh fetched US$ 5.0 billion from readymade garment (RMG) exports to its single largest destination during the …
Read More »Transport strike: RMG faces supply chain hiccups
The countrywide transport strike disrupted the smooth functioning of the apparel supply chain in Bangladesh for the second straight day yesterday, hurting the recovery of the garment shipment. Because of the strike, which began on Friday in protest of the hike in fuel prices, garment factory owners could not secure …
Read More »Premium prices still elusive for green garment factories
Premium prices from international clothing retailers and brands have remained elusive for deserving local textile and apparel makers who have doled out extra money and efforts in setting up green buildings and adopting eco-friendly manufacturing practices. According to the entrepreneurs, green factories are one of the most scientific ways of …
Read More »Jute exports slump on costly shipping
The rising shipment of jute and jute goods from Bangladesh has come to a halt owing to higher prices of the raw fibre and unprecedentedly high freight costs. Jute millers fetched $212 million in exports in the first quarter of the current fiscal year, down 31 per cent year-on-year, data …
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