Textile & Garments

Vietnam has captured the opportunities and gained most from China’s losing market share in the US

Some 37 local textile and garment manufacturers have started investing in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to establish high-end apparel factories.

The Swadhinata Parishad candidates were assaulted during the election in 2019, with members with allegiance to the rival platforms snatching away their nomination papers and other documents, alleges its chief

The country’s readymade garment exports to non-traditional markets in the July-January period of current financial year 2020-21 plunged by 9.44 per cent compared with that in the same period of the previous fiscal year due to an economic slowdown amid the COVID-19 pandemic.

The Bangladesh Textiles Mills Association has demanded that the government should withdraw the Bangladesh Bank provision that makes the bonded warehouse licence mandatory for opening back-to-back letters of credit to encourage exports of local textiles.

Bangladesh’s apparel exports to the United States in 2020 fell by 11.73 per cent to $5.23 billion from $5.92 billion in 2019 due to a fall in consumption in the world’s largest economy amid the COVID-19 pandemic.

As of now, the fabric manufacturers have witnessed a 20 per cent increase in demand

Bangladesh’s export earnings and the flow of concessional foreign financing and grants will decline once it becomes a developing country, according to a government study.

Banks are holding up payments to local textile manufacturers against purchase of raw materials by readymade garment exporters under back-to-back letters of credit, textile manufacturers alleged.

‘Most of the apparel factories did not follow the layoff rules amid the pandemic’