Despite a slowdown in the US caused by declining consumer demand, Bangladesh is still the number one exporter of denim garments to the US. Data from the Office of Textiles and Apparel (Otexa) of the Commerce Department show that Bangladesh exported denim apparel to the North American country worth $738.70 …
Read More »Weaker taka brings little cheers to listed textile, RMG makers
When the local currency began sliding against the US dollar amid the depletion of foreign currency reserves, textile and readymade garment exporters were supposed to gain from the development as usually happens. But the reality turned out to be different for them as they saw lower profits. Some even fell …
Read More »Bangladesh targets to raise cotton production five folds by 2030
Bangladesh has set a target to raise five times the cotton production by 2030, introducing new varieties and expanding cultivation areas, since the country appeared as the second largest consumer of the industrial crop. ‘Cotton could be a major cash crop as we need to spend US$3billion every year for …
Read More »RMG owners want scope for importing yarn through 3 land ports
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) for allowing import of raw materials including yarn by roads and railways through the Bhomra, Sona Masjid and Darshana land ports. The BGMEA has made the request recently to the NBR through a letter …
Read More »What lies ahead for Bangladesh’s RMG exports?
Just when the country’s export-oriented readymade garment (RMG) industry was recovering from the effects of Covid-19 pandemic lockdowns, the Russia-Ukraine war plunged the industry deeper into multiple crises. According to industry insiders, the war managed to shift market trends, as Russia is one of the main energy exporters in the …
Read More »Denim export to US remains high in Jan-Aug’22
Bangladesh is maintaining its growth in exporting denim apparel to the US as the top supplier, despite slowdown in the US due to falling consumer demand caused by global economic challenges. According to the Commerce Department’s Office of Textiles and Apparel (Otexa) data, in first eight months (January-August) of 2022, …
Read More »BGMEA president hopes for continued support of British government to RMG sector
British High Commissioner to Bangladesh Robert Chatterton Dickson paid a courtesy visit to BGMEA President Faruque Hassan at BGMEA Complex on Tuesday. BGMEA Vice President Shahidullah Azim, Vice President (Finance) Khandoker Rafiqul Islam, Directors Barrister Shehrin Salam Oishee, Asif Ashraf, Tanvir Ahmed, Abdullah Hil Rakib, Barrister Vidiya Amrit Khan, Director …
Read More »BD, Indonesia, Pakistan, Vietnam align on RMG chemical action
Four Asian garment producing countries-Bangladesh, Indonesia, Pakistan and Vietnam-have united to fight against pollution by reducing hazardous chemicals use in textile production that pose significant risks to human health and environment. The $43 million initiative will support businesses to manage risks to workers and eliminate the most toxic chemicals from …
Read More »BGMEA seeks readjustment of diesel price
The Bangladesh Garment Manufacturers and Exporters Association has requested the government to readjust the diesel price on the local market in line with the price fall of the item on the international market. The BGMEA on Monday sent a letter to prime minister Sheikh Hasina saying that the demand for …
Read More »Bangladesh is now a global leader in green factories
With 173 green factories accredited by the US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (Leed), Bangladesh currently leads the globe in the RMG industry’s progress towards being green. Even while they may cost more to set up initially, these green factories help save operational expenses dramatically …
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