Bangladesh has been enjoying significant investment in the primary textile and readymade garment (RMG) sectors in recent years, thanks to tremendous export growth, which has attracted the attention of global capital machinery suppliers. The Bangladesh Bank data shows the country saw 41.4 per cent growth in capital machinery imports in the first seven months of […]
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Bangladesh’s RMG exports to the European Union (EU) market have increased and achieved the highest growth in garment exports to these European markets. However, China is the top exporter in this market, followed by Bangladesh. These data have emerged in the report published by the European statistical agency Eurostat. From January to November 2022, a
Bangladesh achieves highest growth and ranks second in RMG exports to Europe Read More »
Industry stakeholders say the United States’ anti-China position may have also played a role in Bangladesh’s shift towards India for man-made fibre, the import volume of which is likely to double in the next five years from the neighbouring ally. Businesses said the move towards alternative sources for raw materials will help support the growth
RMG turns to India from China to get cheaper man-made yarn Read More »
The brand also wants to strengthen partnerships with suppliers in Bangladesh to create a robust backward linkage aiming to make a “double transformation” in the value chain. The globally-renowned clothing brand made this disclosure when a delegation of Primark and the Associated British Foods (ABF) met with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President
Primark wants to increase sourcing diversified apparels from Bangladesh Read More »
According to the Office for National Statistics (ONS), in UK retail sales values decreased by 1.2 percent in December 2022 after increasing by 0.5 percent in November 2022. Compared with the pre-COVID-19 level in February 2020, total retail sales were 13.6 percent higher in value terms, but volumes were 1.7 percent lower. And in the
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Officials reported that the government has taken steps to evaluate the minimum monthly salaries for the nation’s ready-made garment (RMG) employees. In this regard, the Ministry of Labour and Employment’s Department of Labour (DoL) has requested the names of representatives from the employers’ trade associations, the BGMEA and BKMEA, to serve on the pay board
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Indenting is a form of trade in which a buyer and seller conduct business through an independent third party. This third party, known as an indentor, acts as an intermediary between the two parties and facilitates the transaction. Indentors typically provide services such as negotiating prices, overseeing the manufacturing process, and providing quality control. They
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Teamwork 1. Develop trust – Trust is the foundation of any successful team. It is essential that each member of the team trust each other so they can work together effectively.2. Communicate openly – Communication is key to successful teamwork. Keep the lines of communication open and foster an environment of candid feedback and discussion.3.
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The India-Australia Comprehensive Economic Cooperation Agreement (IA-CEPA) does not have any direct effect on US cotton exports. However, the agreement may have indirect effects on US cotton exports, depending on the changes in the region. For example, if the IA-CEPA increases trade between India and Australia, this could lead to increased demand for cotton in
