Foreign direct investment (FDI) inflow, a major component of spurring growth in a developing economy like Bangladesh along with other development tools, usually plays a big role in transferring technology, creating employment opportunities, and transforming traditional skills into high-end technology. Over the decades, with providing the world’s competitive facilities, namely lands, port infrastructures, cheaper labour,…
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Some indicators of the Bangladesh economy have started to show positive signs in the recent period. Among those are remittances and exports of readymade garments (RMG), which were affected hugely since the outbreak of Covid-19 in Bangladesh in March 2020. Both these sectors are important sources of employment and foreign exchange income for the country.…
A high level meeting between leaders of knitwear sector under Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) and recently appointed Bangladesh Ambassador to Uzbekistan Mr Zahangir Alam was held at BKMEA Dhaka office on 17 September, 2020. The meeting was initiated and organized by Mr Mehdi Mahbub, Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and…
Bangladesh remains one of the top sourcing destinations after China for international clothing retailers and brands even during the coronavirus pandemic because of its competitive prices, according to a new report by leading supply chain compliance solutions provider QIMA. After Vietnam, India and Bangladesh, alternative sourcing options of choice are still largely countries in Asia,…
On 16 August 2020, the Bangladesh Ambassador designated to Uzbekistan, Mr. Zahangir Alam held a meeting with the Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and President of Bangladesh RMG Centre, Mr. Mehdi Mahbub at Ministry of Foreign Affairs in Dhaka. They had threadbare discussions to identify collaboration scopes between Bangladesh and Uzbekistan. An incumbent…