Industry

Bangladesh Garment Workers Secure Key Labor Agreement

Textile Insights September 26, 2024

Representatives from readymade garment manufacturers and workers have successfully negotiated an agreement on 18 key demands to address labor concerns. The consensus was reached after extensive discussions on Tuesday at the Labour Ministry’s conference room. Labour Adviser Asif Mahmud Shojib

Garment

Bangladesh Garment Industry Hit Hard By Gas Shortages And Rising Import Costs

Textile Insights August 19, 2024

Bangladesh’s garment industry is facing severe disruptions due to a natural gas shortage, leading to a 13% increase in yarn imports. From July 2023 to April 2024, imports surged to $2.64 billion as local yarn production faltered. This reliance on foreign yarn is straining foreign reserves and reducing local value addition. Factories need 8-10 PSI […]

Garment

Bangladesh Garment Sector Faces US$ 814 Mln Loss Due To Unrest

Textile Insights August 1, 2024

The recent political and social unrest in Bangladesh has wreaked havoc on the nation’s garment industry, leading to unprecedented financial losses for manufacturers, including SDF Clothing. The student-led protests over state employment quotas, which escalated into violent clashes and government-imposed curfews, have caused an estimated US$ 814 million in losses. Md.

Industry

Bangladesh Garment Factories Reopen After Four-Day Shutdown

Textile Insights July 24, 2024

Garment and textile factories in Bangladesh began reopening yesterday after a four-day shutdown, with expectations for full reopening today. Around 30% of garment factories, including some in Dhaka, resumed operations without incidents reported. BGMEA President SM Mannan Kochi and Mohammad Hatem, Executive President of the Bangladesh Knitwear Manufacturers and Exporters

Economy

Bangladesh: An Ideal Investment Destination for Chinese Investors

July 2, 2024

Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and

Sustainability

Bangladesh Adds 12 More LEED Certified Garment Units In 2024

Textile Insights May 31, 2024

In the first five months of ongoing year, 12 more Bangladesh garment factories bagged the LEED certification, bringing the number of Bangladeshi LEED certified apparel factories to 218. LEED (Leadership in Energy and Environmental Design) is a globally recognised green building rating system that emphasises environmental responsibility and energy efficiency. “This recent

Industry

Bangla Apparel Makers Pay 645% Higher Undocumented Payments

Textile Insights May 16, 2024

Garment manufacturers from Bangladeshi pay up to 645 percent more than the official fees for renewal of licences or secure essential permits. The 645 percent higher charges are ‘undocumented payments’, a study by the Centre for Policy Dialogue (CPD) said. Quoting data from an exporter, the study informed that the company paid 645 percent higher […]

Industry

Chinese Consider Bangladesh As Ideal Investment Destination

Textile Insights May 6, 2024

Chinese investors are considering Bangladesh as an ideal investment destination and are also interested in shifting investments to Bangladesh while also making new investments. The Chinese investors informed this to a delegation of the Bangladesh Export Processing Zones Authority (BEPZA) which visited China recently and held a seminar. About 100 participants from various

Industry

Bangladesh Apparel Factories Have Gender Pay Gap Of 30%

Textile Insights April 3, 2024

Bangladesh’s apparel manufacturing factories have a gender pay gap of up to 30 percent in base wages, which is in favour of men. This was revealed in a study report titled ‘Gender pay gaps in global supply chains: Findings from workplaces in Bangladesh, Colombia, Morocco, Thailand and Turkey.’ The study found that the garment factories […]

Industry

Bangladesh Seeks Chinese Investment In Textile & Jute Sectors

Textile Insights March 30, 2024

Bangladesh invited Chinese investors to invest in its textile and jute sectors, since China is a development partner of Bangladesh. Textiles and Jute Minister Jahangir Kabir Nanak said this in a meeting with Chinese Ambassador to Bangladesh Yao Wen at his office. Nanak was accompanied by senior textile ministry officials, while Wen was also accompanied […]