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Archive for the ‘News’ Category

Accessories manufacturers flourish alongside readymade garment manufacturers The construction of a garment is not entirely based on fabrics, cutting and sewing but includes a great deal of accessories too. An estimated 18% of the entire cost of a garment is spent on accessories and as such accessory manufacturers have grown alongside readymade garment manufacturers worldwide.  [ Read More ]

Categories: News

Textile mill owners urge government to ensure adequate supply of gas and electricity In a meeting of the Bangladesh Textile Mills Association, BTMA, organized to discuss the EU’s relaxed rules of origin and the effects it will cause on textile mills, the mill owners complained that at least 30% of their production capacity is remaining  [ Read More ]

Categories: News

Hong Kong Shanghai Bank to Award Top Exporters for the 2nd Consecutive Year The Hong Kong and Shanghai Banking Corporation (HSBC) Bangladesh, in a press conference at the Dhaka Sheraton Hotel announced that it will be awarding top exporters of 2010-2011 for the 2nd consecutive year. Nominations for the award will be accepted until the  [ Read More ]

Categories: News

Cotton Prices increase by almost 150% – Could weaken competitive of RMG sector As the price of cotton increased almost 150 per cent from last year to $2.46 per pound on Thursday, in the International Markets, business leaders warned that it could weaken the competitiveness and reduce profitability of the RMG sector. The sharp rise  [ Read More ]

Categories: News

Government urged to create skilled workforce to sustain the development of the Readymade Garment sector The readymade garment sector of Bangladesh is facing a dire shortage of skilled workforce and the outgoing president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to take measures to sustain the development of the  [ Read More ]

Categories: News

Korean RMG manufacturing giant, Youngone Group, targets for $440 million dollar exports from Bangladesh Korean manufacturing giant in Bangladesh, Youngone Group, has set its target exports to 10% higher than last year at $440 million. The group registered a turnover of $1.2 billion last year with exports worth $400 million last year. The Youngone is  [ Read More ]

Categories: News

Tk 40 billion trapped in 150 textile and apparel manufacturing units About TK 40 billion investment is trapped in 150 textile and apparel manufacturing units because the government has stopped providing new gas facilities. With an export rise of 40%, these facilities are being deprived of such a great market opportunity. Entrepreneurs warned that unless  [ Read More ]

Categories: News

Readymade Garment Exports register 120 per cent growth to new export destinations According to Abdus Salam Murshedi, President of Bangladesh Garment Manufacturers and Exporters Association, at a book launching function, held on Tuesday, exports of readymade garments (RMG) to new destinations registered an exceptional 120 per cent growth during the first six months of 2010-2011.  [ Read More ]

Categories: News

India to emerge as the third biggest export market of Bangladesh Readymade Garments after the EU and USA Bangladesh readymade garment exports may soon reach India, a $28 billion dollar domestic market and potentially the third biggest export market after the EU and the USA, if duty free access is allowed. An announcement is expected  [ Read More ]

Categories: News

German Parliamentary fact finding mission suggests that higher wages and facilities to workers will not threaten garment export A German parliamentary team, in its fact finding mission to Bangladesh concluded that the readymade garment export would not be threatened by higher wages and facilities to workers. The view contradicts the position widely held by garment  [ Read More ]

Categories: News

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