Textile & Garments

M/s Shasha Garments Limited, a Bangladeshi company, is going to establish a garments manufacturing industry in Dhaka Export Processing Zone (EPZ) with an investment of US$ 5 million. This will be their fourth industry in EPZs. In presence of the Executive Chairman of BEPZA Major General Md Nazrul Islam, an …

A total of 1,042 readymade garment factories, which gave discounts up to 10 per cent on export value for buyers amid the COVID-19 outbreak, would have to get approval by March 31 from the Bangladesh Bank’s discount committee for non-repatriation of the proceeds.

The panel will also work closely with the government and the EU to retain duty-free market access in the region till 2031

Sixteen major global fashion brands, including H&M, Nike and Levi’s, recorded profits of at least $10 billion in July-December of 2020 alone while millions of garment workers of their supply chain were denied full wages for the work already completed due to order cancellations and non-payment by the brands during the COVID-19 pandemic, according …

A survey found that 34.2 per cent of wage earners and 37.3 per cent of self-employed people who witnessed income losses during the COVID-19 outbreak are yet to get back to their pre-COVID income level.

A three-day virtual exposition of textile fabrics will begin on March 22, aiming to create a matchmaking platform for the local and international traders, thus helping boost the country’s economy.

Employment in the country’s readymade garment sector witnessed only 1.07 per cent growth a year from 2015 to 2020, according to a study report released on Saturday.

They also called for a policy to ensure stable yarn prices as it is fluctuating abruptly and changing frequently without prior notice

They were due to start paying the instalments on the easy loans amounting to Tk 10,500 crore they took from this month

The dearth of work orders from international retailers and brands to small and medium-sized garment factories is so acute that many entrepreneurs are looking for buyers to sell units and exit the industry for good.