Industry

151 Textile & Garment Factories In Bangladesh Shut Since August 2024

Textile Insights July 7, 2026

Bangladesh’s textile and garment industry is facing mounting challenges, with 151 textile and apparel factories permanently closing between August 2024 and June 2026 amid weak global demand and rising operating costs. Industry data shows that of the 457 factories that ceased operations during

Industry

Bangladesh Launches Three-Year Skill Development Programme For RMG Sector

Textile Insights July 7, 2026

Bangladesh’s Export Promotion Bureau (EPB) has signed separate agreements with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and BGMEA University of Fashion and Technology (BUFT) to strengthen workforce skills across the ready-made garment (RMG) industry. The three-year

Economy

Bangladesh’s Budget For FY2026-27 Provides Policy Stability For RMG Sector

Textile Insights July 6, 2026

Bangladesh’s FY2026-27 Budget has provided short-term policy stability for the country’s ready-made garment (RMG) industry, but industry stakeholders say further reforms will be needed to strengthen long-term competitiveness as the sector prepares for eventual graduation from Least Developed Country (LDC) status. The BDT 9.38 lakh crore budget retains the 12%

Special Report

Squeezed Dry: Why Bangladesh’s Garment Suppliers Are Bearing The Cost Of Fashion’s Price War

Textile Insights June 9, 2026

The global fashion industry’s relentless pursuit of low-cost sourcing is intensifying pressure on Bangladesh’s garment manufacturers, with new evidence showing that sourcing prices for basic apparel have failed to keep pace with rising production costs and inflation. A recent report by Public Eye, Squeezed Dry: Pricing Pressure in the Global Fashion Industry, reveals that

Trade & Market

New Zealand Eyes Stronger Trade, Technical Partnership With Bangladesh

Textile Insights May 25, 2026

New Zealand has expressed interest in strengthening technical and strategic cooperation with Bangladesh to support the country’s economic and industrial development, particularly in sectors including apparel, textiles, renewable energy and manufacturing diversification. The proposal was discussed during a meeting between David Pine and Mahmud Hasan Khan at the office of

Cotton

Bangladesh Announces Tk 20 Crore Incentive Scheme For Cotton Farmers

Textile Insights May 21, 2026

The Bangladesh government has announced a Tk 20 crore incentive package for cotton farmers for the 2026–27 financial year to boost domestic cotton production and support marginal farmers, according to the Cotton Development Board (CDB). Around 25,000 farmers across 26 districts will receive seeds, fertilisers and pesticides to cultivate cotton on one bigha of land […]

Industry

BGMEA, BBCC Sign MoU To Boost Trade And Investment Cooperation

Textile Insights November 10, 2025

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Business Chamber of Canada (BBCC) have signed a memorandum of understanding (MoU) to strengthen collaboration in trade, investment and knowledge exchange between the two organisations. Under the MoU, BGMEA and BBCC will work to create closer networking and communication channels

Industry

BGMEA Seeks US Man-Made Fibre Imports To Cut China Dependence

Textile Insights August 14, 2025

After recently unveiling plans to import cotton from the United States to help reduce the trade deficit, Bangladesh’s garment industry is now keen to source more man-made fibres such as polyester and nylon from the US, a market segment currently dominated by China. The interest was expressed during a meeting between leaders of the Bangladesh […]

Industry

BTMA Seeks Urgent Policy Reversal To Avert Textile Sector Crisis

Textile Insights July 10, 2025

Bangladesh’s primary textile industry is on the brink of a major disruption, warns the Bangladesh Textile Mills Association (BTMA), urging the government to roll back recent fiscal measures that threaten the survival of domestic spinning mills. In letters sent to key policymakers including the finance and commerce advisers, Bangladesh Bank Governor, and NBR Chairman, BTMA

Corporates

BGBA, Air8 Partner To Boost Textile Export Financing

Textile Insights May 28, 2025

The Bangladesh Garment Buying House Association (BGBA) has signed a Memorandum of Understanding (MoU) with Air8, a cross-border supply chain finance platform, to enhance access to export financing for Bangladesh’s textile sector. The partnership aims to provide BGBA members with innovative working capital solutions and insights to support global trade. The MoU was signed