Apparel exports to the US, Bangladesh’s single largest export destination, jumped 15.57 percent to $1.63 billion in the first three months of the year, which the exporters and experts attributed to the ongoing trade war between the US and China. Apparel was not in the list of the items subjected to US President Donald Trump’s…

Bangladesh needs Tk 10,000 crore additional investments in the primary textile sector to reduce its import dependence for fabrics for the export-oriented garment sector. For instance, in 2018 Bangladeshi garment exporters imported 5.52 lakh tonnes of fabrics worth Tk 33,156 crore, according to data from the National Board of Revenue and Bangladesh Textile Mills Association…

Denim recycling, a process that turns old scrap denims into new garments, can fetch USD 4 billion annually, according to industry insiders.Besim Ozek, strategy and business development director of Bossa, told The Independent that the main idea of such recycling was to turn scraps into materials that were in great demand in the fashion world.The…

Bangladesh Textile Mills Association (BTMA) leaders have urged the government to reduce the income tax rate from 15 per cent to 12.5 per cent till 2028. They also urged the government to include yarn and fabric as VAT exempted items as the sale of local yarn and fabric has declined drastically BTMA leaders said the…

The country’s overall export to India reached US$1.07 billion during July-April period of the current fiscal (FY), 2018-19, marking a robust 53 per cent growth. Bangladesh earned $701.56 million during the corresponding period of last FY, according to the state-owned Export Promotion Bureau (EPB) data. The other non-traditional destinations where local export during the period…