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Bangladesh Textiles Earn Over $128,000 Million in Foreign Currency.

By   /  September 15, 2015  /  Other Textile News  /  No Comments

Dhaka, Bangladesh – Dhaka Tribune reports that Bangladesh textile sector has earned foreign currency of $128,203.71 million in the six fiscal years since 2009-10. Textile and Jute Minister Md Emaz Uddin Pramanik placed the statistics in Parliament in reply to a question.

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Bangladesh Government Drafts Textile Industries Establishment Act-2015.

By   /  September 3, 2015  /  Apparel & Fashion, Other Textile News  /  No Comments

Dhaka, Bangladesh – New Age reports that Bangladesh government is going to formulate ‘Bastro Shilpo Prothistan Ain-2015’ (Textile Industries Establishment Act-2015) aimed at making the Directorate of Textile as an effective ‘sponsoring authority’ for the readymade garment sector.

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Bangladesh Textile Mills’ Machinery Imports Rise 54%.

By   /  August 25, 2015  /  Enewsletter, Other Textile News  /  No Comments

Dhaka, Bangladesh – The Daily Star reports that capital machinery imports by the primary textile sector in Bangladesh increased about 54 percent year-on-year in fiscal 2014-15 on the back of higher demand for raw materials from garment exporters.

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Bangladesh Apparels Sector Needs Better Margin to Improve Compliance for Sustainability.

By   /  August 21, 2015  /  Apparel & Fashion  /  No Comments

Dhaka, Bangladesh – Bangladeshi apparels industries should allocate additional margin for compliance in order to ensure labour welfare and thus increase sustainability of the sector.

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Bangladesh Minister Vows to Set Up Bank for Garment Sector.

By   /  August 18, 2015  /  Apparel & Fashion  /  No Comments

Dhaka, Bangladesh – The Daily Star reports that Bangladesh planning minister AHM Mustafa Kamal has vowed to push the government to set up a specialized bank for the garment industry to provide easy loans for entrepreneurs. “I will try my best to establish a designated bank that will serve the garment sector, as we have […]

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EU Start Groundwork to Secure GSP Plus Benefit in Bangladesh.

By   /  August 11, 2015  /  Other Textile News  /  No Comments

Belgium / Bangladesh – The Financial Express reports that European Union (EU) called upon Bangladesh for necessary groundwork to ensure that the country gets access to GSP Plus regime, a preferential trade scheme.

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BGMEA’s $50 Billion Earning Roadmap by 2021.

By   /  August 7, 2015  /  Apparel & Fashion, Enewsletter, Featured News  /  No Comments

Dhaka, Bangladesh – Bangladesh Sangbad Sangstha reports that Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is going to unveil a roadmap towards attaining the $50 billion export target. The draft roadmap would be presented at the three-day apparel expo, which is scheduled to start on Thursday in Chittagong. BGMEA President M Atiqul Islam came up […]

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Bangladesh PM Asks Buyers to Raise Price of RMG Products.

By   /  August 4, 2015  /  Apparel & Fashion  /  No Comments

Dhaka, Bangladesh – New Age reports that Bangladesh prime minister, Sheikh Hasina urged the foreign buyers to increase the price of Bangladeshi garment products, saying that this money would be spent for further welfare of the country’s four million apparel workers.

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Bangladesh Government Revises Export Incentive Rates for Several Sectors.

By   /  July 16, 2015  /  Other Textile News  /  No Comments

Dhaka, Bangladesh – bdnews24 reports that Bangladesh government has revised the rates of cash incentive on exports for several sectors, including apparels, for the current fiscal year. The central bank issued a circular to this effect.  The government extended cash incentive to 14 sectors to encourage exports.

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Bangladesh to Remain a Popular Sourcing Destination for US Fashion Retailers.

By   /  June 24, 2015  /  Apparel & Fashion  /  No Comments

Bangladesh / United States – The Daily Star reports that Bangladesh will remain a popular sourcing destination for US fashion retailers due to price competitiveness, according to a recent study by the United States Fashion Industry Association (USFIA).

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