Textile & Garments

Sales of handloom clothing, such as saris and lungis, usually peak during the shopping season centring Eid-ul-Fitr, the biggest religious festival for Muslims in Bangladesh. However, weavers and traders of handloom clothing in Pabna and Sirajganj, the two biggest producing regions, are been left disappointed by poor demand this year. …

The fire at Bangabazar on Tuesday morning not only affected shop owners at the apparel shopping complex in Dhaka’s Gulistan, but also other players in the supply chain. For example, many traders accepted deferred payments for supplying goods to retail outlets at the market, much of which was razed by …

Apparel import to the European Union (EU) – the largest destination for Bangladesh’s readymade garment (RMG) – witnessed an encouraging growth of 35.69% to $22.89 billion in the last calendar year, up from $16.87 billion in 2021. The European Statistical Office (Eurostat) published their latest import statistics compiled by the …

Fashion retailer H&M reported a surprise operating profit for the December to February period as cost-cutting measures started to bear fruit despite consumers curbing spending, but said a cold spell was holding back sales in March. While H&M showed signs of bringing its costs under control, it still struggled to …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to amend the Bangladesh EPZ Labour Act to allow for trade unions and other worker rights, which is also favored by US and European Union (EU) officials. The garment industry’s governing organization believes that all sectors should have equal rights and …

The Bangladesh Garment Manufacturers and Exporters Association has apprehended that the export earnings’ growth might decline in March as global buyers changed their sourcing strategy due to geopolitical tensions and production plan in apparel factories were being disrupted. BGMEA president Faruque Hassan at a press conference on Saturday held at …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will start lobbying with major trading partners and blocs from next month to help get extension of the least-developed country benefits for six more years after Bangladesh’s graduation to a developing nation. The local apparel exporters think they will face tough competition …

BGMEA President Faruque Hassan has laid emphasis on providing young people with the skills, knowledge, and resources they need to succeed in the business world as they achievements would contribute to building a more prosperous and better Bangladesh. “We have a young and vibrant population that has the potential to …

According to recent data given by the Commerce Department’s Office of Textiles and Apparel (Otexa), garment exports to the United States increased by 15.43% year on year to $867.64 million in January, the first month of 2023, up from $751.67 million in the same month in 2022. Bangladesh ranked third …

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) have urged the government to reduce the tax at source on export of RMG items at 0.5 per cent from the existing 1.0 per cent and thus keeping it for the next five years. …