Backward linkage factories – spinning, weaving, and knitting – in Bangladesh are running their businesses at a loss because of yarn dumping from India, and fabrics from China and Pakistan. Although apparel industries seem to benefit more from dumping, it makes them more dependent and vulnerable as a supplier of low-priced garments for export, states…
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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…
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…