Economy

After creating a database of information on 4,808 readymade garment (RMG) factories, Bangladesh is now working on a database containing details of 27,000 such units, finance minister AHM Mustafa Kamal announced in his 2019-20 budget speech. To boost female employment, 4,706 day-care centres have been set up...

Crystal, a leader in the apparel manufacturing industry, has started a fabric waste upcycling pilot project at its Sri Lankan factories in 2018. The fabric waste from garment production processes is sorted and converted to high quality raw fibre for yarn manufacturing. This raw material again contributes...

Textile and readymade garment (RMG) industry is striving to achieve an export turnover of more than $40 billion in 2019, a year-on-year increase of 14-15 per cent. The export turnover in the sector till now this year is nearly $9.43 billion, a rise of 9.8 per...

The fourth edition of Garment Show of India (GSI), a one of a kind b2b trade show to promote apparel retail business from north India by connecting suppliers and buyers looking for quality and reasonable pricing for garments, will be held from July 8-10 in New Delhi....

Amid growing popularity, online shopping is getting costlier soon for the proposed value added tax (VAT) imposed on it in the budget for fiscal 2019-20. Customers will have to pay 7.5 percent value added tax for online shopping and purchasing goods from online shops, says the...

Nepal is mulling over allowing industries from the non-garments sectors to invest inside the Garment Processing Zone (GPZ) in Simara after not a single garment manufacturer expressed interest to invest there after the Special Economic Zone (SEZ) Authority Nepal in May called for applications from interested garment companies to invest inside...

The UK government is inviting organisations to apply for funding under a multi-million pound grant scheme to boost recycling of textiles. This could include machinery for recycling textiles, technology for disassembling or sorting textiles, automated processes for removing items such as zips, and technology to sort textiles...

তিন শ্রেণির কাঁচা পাট আবার রপ্তানি করা যাবে। আন–কাট, বিটিআর ও বিডব্লিউআর নামের কাঁচা পাট রপ্তানির ওপর নিষেধাজ্ঞা প্রত্যাহার করে গত ২৯ মে একটি প্রজ্ঞাপন জারি করেছে বস্ত্র ও পাট মন্ত্রণালয়। বুধবার এক সংবাদ বিজ্ঞপ্তির মাধ্যমে বিষয়টি নিশ্চিত করেছে মন্ত্রণালয়। পাট আইন ১৩ ধারা...

Bangladesh’s economy is now under stress for the first time in the last 10 years, the Centre for Policy Dialogue (CPD) said today. The independent thinktank said, a rift in the macroeconomic stability surfaced in the last fiscal because of revenue shortfall, problems in the banking sector,...

Yarn Expo Autumn will be held during September 25–27 in Shanghai. The fair will be held concurrently with the 25th Autumn Edition of Intertextile Shanghai Apparel Fabrics, to maximise exposure in the textile supply chain. It will bring high-quality yarn and fibre suppliers from all over the...