Industry

Bangladesh Seeks Chinese Investment In Yarn & Fabric Sector

Textile Insights January 24, 2024

The Bangladesh garment industry has sought China’s investment in textile backward linkage industries in Bangladesh that would benefit both sides. A delegation of the China Knitting Industrial Association and the China Cotton Textile Association met representatives of the Bangladesh

Apparel, Fashion, Retail

Fashion Giants Investing In Bangladesh Wind Power Energy

Textile Insights January 8, 2024

Bestseller and the H&M, both fashion retailing giants have pledged to invest in a 500 MW offshore wind power project in Bangladesh. The project is currently in the early-stage of development by the Copenhagen Infrastructure Partners’ (CIP) in collaboration with Summit Power and is expected to be operational in 2028. “Bestseller is aiming to reduce […]

Industry

Bangladesh Has 54 Out Of 100 Global LEED Garment Factories

Textile Insights December 30, 2023

Out of the 100 LEED certified garment factories in the world, 54 are now located in Bangladesh, which points to a commitment to green practices in the industry in the south Asian country. “The total number of Bangladesh clothing factories with LEED certificate now totals 206, which indicates the industry commitment towards greener initiatives,” Mohiuddin […]

Industry

Clothing Brands Commit To Hike Rates To Offset Wage Increase

Textile Insights December 29, 2023

Several global clothing brands have formally committed to increasing rates for their Bangladeshi garment suppliers to offset the hike in worker wages which comes into effect from January 1. “It’s quite encouraging that we have received formal letters from a few brands confirming their position to pay a price that absorbs the increase in wages,” […]

Sustainability

Bangla Garment Factory Crowned As World’s Top LEED Certified

Textile Insights December 18, 2023

Bangladeshi garment factory SM Sourcing Ltd has been crowned as the world’s top LEED Green Factory ranking, by bagging an inspiring score of 106 out of a possible 110. Earlier this ranking was held by another Bangladesh garment manufacturing plant of Green Textiles Ltd with 104 points. The garment industry in Bangladesh has made impressive […]

Apparel, Fashion, Retail

5 Percentage Point Hike In Bangla Garment Sector Value Addition

Textile Insights December 16, 2023

The value addition in the Bangladesh garment industry has increased to 70.78 percent in the first fiscal quarter ending September 30, as per data of Bangladesh Bank, the central bank of Bangladesh. In comparison, the value addition in whole of fiscal 2023 was 65.97 percent, so the period between July and September 2023, indicates significant […]

Industry

Sanctions On Bangladesh Will Not Be Labour Related

Textile Insights December 12, 2023

If sanctions are imposed by the US on Bangladesh, it would be mainly due to political reasons as against those related to labour issues, was the common concurrence of speakers at a seminar. “The countries that speak about sanctions have ratified just two of the primary International Labour Organisation (ILO) norms, as against eight by […]

Industry

Bangladesh Minister Downplays US Sanctions Over Labour Issue

Textile Insights December 2, 2023

A Bangladesh minister has asserted that the efforts of the US and EU to obstruct or sanction Bangladesh’s apparel exports will prove futile. “Business and politics are dissimilar spheres. The US and European countries will not do anything that jeopardises the Bangladesh garment industry,” Commerce Minister Tipu Munshi said while addressing the press.

Industry

H&M To Hike Rates Of Garments Sourced From Bangladesh

Textile Insights November 25, 2023

H&M which is amongst the top garment retailers in the world will pay a higher price for the apparels it sources from Bangladesh suppliers to offset the hike in minimum wages of clothing industry workers. The Swedish retailer announced that it will absorb the hike in garment worker’s wages which were increased by 56 percent […]

Industry

Bangladesh Needs To Double Denim Exports To Reach $100bn Target

Textile Insights November 11, 2023

Speakers at the Bangladesh Denim Expo said that Bangladesh needs to double its denim export to achieve US $100 billion apparel export target by 2030. This was said by Siddiqur Rahman, former President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in his inaugural address. “Denim and denim related products accounts for about one fourth […]