As the debate around factory safety and the future of Bangladesh Accord on Fire and Building Safety in Bangladesh rages on, it is often forgotten that the readymade garments (RMG) industry in the country has made huge progress in recent years. A full-fledged technological upgrade is ongoing in the sector.There is a growing trend of…
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The Kenyan Government recently approved setting up of a big textile factory by Mas Holdings Singapore, a Sri Lankan apparel and textile manufacturer, in the export processing zone (EPZ) in what is being projected as a big boost for President Uhuru Kenyatta’s employment generation plans. The unit will create jobs for 3,100 once operational in…
Garments shipments to non-traditional, mostly major markets grew by 29.62 per cent year-on-year to USD 3.15 billion in the first nine months (July–march) of FY2018-19 compared to USD 2.43 billion during the same period last year. This growth has been possible because of an incentive package and access to duty-free markets.Markets, other than the traditional…
Exports grew 2.69 percent year-on-year to $3.03 billion in April riding mainly on the higher shipment of apparel items. Last month’s receipts, however, fell short of the government’s monthly target of $3.08 billion by 1.52 percent. The overall export of merchandise from Bangladesh also showed a positive trend between July and April, the first 10…
Bangladesh is the 2nd largest Ready Made Garments (RMG) exporter in the world after China. About 83% of its export earnings are coming from RMG. Textile and Apparel sector’s, the lifeline of the economy, has contributed Tk 2, 513,471 million or 11.16% of Bangladesh GDP. About 20 million people are directly associated with the industry.…