Textile manufacturers losing domestic market has been a subject of worry for quite some time. Recent reports published in local dailies make it clear that the situation has assumed an alarming proportion due mainly to smuggling and other misdeeds taking too oppressive a toll on the capital-intensive industry. Some of these reports quoted textile manufacturers…

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has planned to establish a ‘RMG Sustainability Council (RSC) to ensure the full and independent national compliance monitoring system in Bangladesh, reports UNB. The RSC will be governed by BGMEA, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), brands, and workers’ representatives, said the apex body of the country’s…

In consideration of the volume of investment and sharp rise in the number of yarn and fabric manufacturing and dying-printing-finishing mills along with denim and home textile manufacturers, the textile sub-sector is one of the strong industrial divisions of the country. This healthy growth of the textile sector has enabled it to meet more than…

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…