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Archive for the ‘News’ Category

Bangladesh Emerges as the World’s most Important Supplier of Apparels after China Bangladesh has emerged as the world’s most important supplier of apparels after China in recent years and is growing rapidly following advantages that exist in other countries.China, itself is being forced to move into the high end of the market due to losses  [ Read More ]

Categories: News

Sales of Textiles Machinery Rises in Bangladesh

Posted by admin Published March 17, 2011

Sales of Textiles Machinery Rises in Bangladesh The Global recession is thankfully over, spelling an influx of orders to Bangladesh and with it follows rising sales of textile and apparel machinery. Bangladesh has for long been an important market for textile machinery due to its stronghold in the international market. As it caters largely for  [ Read More ]

Categories: News

RMG sector of Bangladesh faces enormous challenges Despite increasing orders following an end to the global recession, the Bangladesh readymade garment  (RMG) sector faces enormous challenges in the short term and long term. Although  a China shift to Bangladesh is welcome and is likely to benefit the RMG sector of Bangladesh in the medium term,  [ Read More ]

Categories: News

Japanese apparel giant signs $25 million agreement with local RMG A Japanese apparel giant,  Kojima IRYO Company, has signed a $25 million agreement with a local export oriented readymade garment (RMG)manufacturer, Lyric Garments Ltd, to establish a composite factory in Gazipur, Bangladesh, to produce and export quality suits for the Japanese and US markets. The  [ Read More ]

Categories: News

International Buyers Pour into Bangladesh

Posted by admin Published

International Buyers Pour into Bangladesh International buyers are pouring into Bangladesh to source for garment manufacturers following an end to the global recession. The contribution of the RMG industries to the national export increased from 77.15 for the July –October period to 77.17 percent in the July-November period. Meanwhile another sign of recovery is the  [ Read More ]

Categories: News

Bangladesh Top Exporting Nation to the EU, 2009 Despite a worldwide recession at the time, Bangladesh became the top exporter to the EU in 2009 with a 6.3 per cent growth from 5.7 billion Euros to 5.8 billion. This is while all other countries except for Qatar, registered a decline. Exports from Qatar are largely  [ Read More ]

Categories: News

Indiscriminate levy of duties on apparel imports to Turkey Bangladesh’s apparel exports to Turkey almost doubled during the last fiscal to US $970 million, but an increase in duties could endanger future exports. A team of Bangladeshi representatives will shortly attend a hearing in Turkey, following the country’s decision to levy duties by as much  [ Read More ]

Categories: News

Bangladeshi students advised to seek careers in the RMG sector As international firms are increasingly turning to Bangladesh as an alternative destination to China to source garments, the demand for skilled workers is increasing. With a staggering 40% growth last year, indicating the end of a worldwide recession, and after becoming the No.1 exporting country  [ Read More ]

Categories: News

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