Sweater suppliers in Bangladesh are witnessing relatively a dull season because of a longer-than-usual dry spell in European countries and the higher cost of living fueled by the Russian-Ukraine war. Owing to climate change, some parts of the continent, home to more than 60 per cent of garments exported from …
Read More »Bangladesh’s apparel export to cross $100 bn by 2030: experts
Bangladesh’s apparel export will cross the $100-billion target by 2030, considering the potentials of the markets in Europe, the Uk, and the USA amid declining share of Chinese garments, experts have said. The global apparel market size will be around $1135 billion in 2030. During this period Bangladeshi apparel exporters …
Read More »BGMEA to hold ‘Made in Bangladesh’ week on Nov 12-18 in Dhaka
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will hold “Made in Bangladesh” week on November 12-18, 2022 in the capital in order to highlight the contributions of the RMG sector in the economy over the last 40 years before the global arena. Prime Minister Sheikh Hasina will formally inaugurate …
Read More »Textile millers want changes in cotton rulebook
Bangladeshi textile millers put forward seven points at a meeting with the International Cotton Association on Thursday, seeking changes in the cotton rulebook for ensuring equal treatment for both the cotton buyer and seller. The points included mandating written confirmation for a cotton contract, mediation before arbitration, mandating oral hearing …
Read More »Experts: Apparel workers still far from earning a living wage
Apparel workers are far from earning a living wage still, said experts on Wednesday. “Workers are not earning a minimum wage while inflation has driven up prices of everything from food, goods and services,” said Centre for Policy Dialogue (CPD). They also called for a new wage board commission at …
Read More »Three-fourths of RMG exports concentrated in 9 countries
Around 73 per cent of Bangladesh’s garment exports is still limited to nine countries for a lack of market diversification in spite of different public and private initiatives. In the April-June period of fiscal year 2021-22, some $8.2 billion out of $11 billion came from the nine export destinations — …
Read More »Largest domestic textile and RMG expo starts August 31
The 21st edition of “Textech Bangladesh International Expo 2022” is going to be held along with two concurrent exhibitions in the capital from August 31. The other two expos are “18th Dhaka International Yarn & Fabric Show 2022-Summer Edition” and “40th Dye+Chem Bangladesh 2022 International Expo.” The expos are organized …
Read More »Drought in cotton producing countries threaten textile and RMG exports
The droughts in China, Europe, North America, Brazil and Africa – countries that produce cotton that the RMG industry in Bangladesh imports from is now affecting RMG production here. Extreme weather is wreaking havoc on almost all of the world’s largest cotton suppliers like the US, Brazil, Canada, and Africa. …
Read More »Investment in WASH develops business, boosts production
Investing in water, sanitation and hygiene (WASH) for employees in companies can ensure further prosperity in business and increase productivity, said a new global study that includes Bangladesh. The findings of the first-of-its-kind research, done by WaterAid and supported by HSBC for over a two-year period, were published on Tuesday. …
Read More »How can the RMG sector meet their export target of $100b annually by 2030
Bangladesh has targeted an annual export of apparels worth $100 billion. Manufacturers said that apparel exports increased by 35.47% to $42.61 billion in FY21-22 and up by 30.36% to $35.81 billion in the calendar year 2021. If this growth trend can be by at least 15% annually, then this goal …
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