The cotton and blends spinning industry in India is passing through a big crisis, similar to the situation last seen in 2010-11, resulting in huge job losses, according to the Northern India Textile Mills Association (NITMA). High interest rates, high cost of raw materials, rise in low-priced...
The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...
Bangladesh Bank (BB) on Tuesday signed participation agreements with five banks and two non-bank financial institutions (NBFIs) to strengthen economic sustainability of the readymade garment (RMG) sector. Under the agreements, the central bank has enlisted the banks and FIs as the Participating Financial Institutions (PFIs) under the...
In the proposed budget, the export-oriented yarn producers are exempted from VAT. However, the government imposed 5 per cent VAT on sale of yarn for local markets. The yarn makers who are catering to the local markets mainly will have to face Tk 24 as VAT on...
A 2019-20 action plan to implement the memorandum of understanding (MoU) between the Belarusian state light industry concern Bellegprom and Uztekstilprom Association was agreed to during the recent Global Textile Days-Tashkent 2019 event. The plan stipulates measures to invigorate cooperation in textile, apparel and knitwear enterprises between...
A three-day apparel sourcing exhibition ‘Apparel Textile Sourcing Canada (ATSC)’ will begin at the International Centre in Toronto of Canada on August 19. “Like many other countries, Bangladeshi business entities will take part in the tradeshow for promoting Bangladeshi products in the Canadian market,” Export Promotion Bureau...
সরকার আপাতত নতুন করে আর কোনও রফতানি প্রক্রিয়াকরণ এলাকা বা ইপিজেড (এক্সপোর্ট প্রসেসিং জোন) নির্মাণের চিন্তা করছে না। বরং ইতোমধ্যে যেসব ইপিজেড গড়ে উঠেছে সেগুলোকে পর্যায়ক্রমে কীভাবে বিভিন্ন অর্থনৈতিক অঞ্চলের সঙ্গে যুক্ত করে দেওয়া যায় তার সম্ভাব্যতা পরীক্ষা-নিরীক্ষা করা হচ্ছে। সময়ের প্রয়োজনে এবং বিশ্বব্যাপী ব্যবসাবাণিজ্য সম্প্রসারণের ধারা...
President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq urged the owners to consider closure of their factories as the nation is fighting to prevent the spread of coronavirus. In a message, she said Prime Minister Sheikh Hasina gave specific guidance to fight COVID-19 and asked to take...
বিদেশি ক্রেতারা যে খুব অল্প দামে বাংলাদেশ থেকে তৈরি পোশাক কেনেন, সেই বাস্তবতার কথা তুলে ধরে রপ্তানিকারকদের দর কষাকষিতে আরও একটু মনোযোগী হওয়ার পরামর্শ দিয়েছেন প্রধানমন্ত্রী শেখ হাসিনা। তিনি বলেছেন, “যদি এই পোশাক কিনতে (বিদেশি ক্রেতারা) এক ডলার করেও দাম বেশি দিত, তাহলে বাংলাদেশের...
Vietnamese garment manufacturers have so far received less order than 2018 and the shortage of orders is becoming more common, according to the Vietnam Textile and Apparel Association (VITAS), whose vice president Truong Van Cam recently said the number of orders in the first half of 2019...