Textile & Garments

Ms Intex Link Garments (BD) Limited is going to set up a Garments industry in Chattogram Export Processing Zone (CEPZ) with an investment of US$ 9.58 million. Fully foreign owned this Chinese company will produce annually 61 million pieces of T-shirt, woven pants and jacket, ladies bra and panty, mans’ …

The slowdown in demand and stronger US dollar worldwide has pushed down cotton prices in the international market, raising hopes of increased work orders from global brands and retailers among local garment makers. Cotton prices fell to around 84-85 cents per pound in the International Futures yesterday from the previous …

Bangladesh’s apparel export to the European Union (EU) rose by 44.6% to $11.31 billion during the first six months or first half (H1) of 2022, according to the latest import statistics revealed by the European Statistical Office, Eurostat and compiled by the BGMEA. In the same period last year, Bangladeshi …

Bangladesh is increasingly becoming a source not only for replica football shirts worn by fans but also kits used in practice by players of the International Federation of Association Football (FIFA) World Cup alongside European clubs. The local knitters also supply jerseys for different sporting clubs globally. For instance, Chattogram-based …

Apparel export is likely to witness a negative growth in September after a positive streak of 14 months since August last year. According to the day-to-day export data, apparel export declined to $1.72 billion in the first 18 days of September, fetching a negative growth of 12.36%, from the same …

Hong Kong-Sri Lanka-Switzerland-owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ. This fully foreign-owned company will invest US$ 25.62 million where 3086 Bangladeshi nationals will get employment opportunities, reports BSS citing a press release. The tri-nation company will produce annually 4.4 million …

The Bangladesh Textile Mills Association has requested the government to replace the existing 250-pound per square inch compressor of the Mymensingh power plant of Rural Power Company Limited with a 150-PSI compressor to reduce wastage of gas and increase supply of gas to Gazipur, Sreepur and Bhaluka industrial zones. The …

Textile millers across the greater Gazipur, Sreepur and Bhaluka industrial belt yesterday urged the state minister for energy, power and mineral resources to put an end to their perennial gas crisis, which is currently preventing them from continuing smooth production. Textile millers and other factories along this industrial belt annually …

Commerce Minister Tipu Munshi today said the demand of readymade garments (RMG) workers for salary hike is logical in view of the rising commodity prices amid the current global economic situation. “Due to the Russia-Ukraine war, the prices of daily essentials have increased in the world market and also in …

Riding on strong demand for apparel items made in Bangladesh, the shipment of garments to Japan, a promising Asian export destination, rose 25.81 per cent year-on-year to $217.53 million in July-August. The receipts in the first two months of the previous fiscal year were $172.91 million, according to data from …