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

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 […]

Industry

Section Of Bangla Workers Unions Reject New Govt Wage Hike

Textile Insights November 8, 2023

A section of Bangladeshi garment workers unions have rejected the new proposed wage hike by the Bangladesh government and are insisting on a minimum wage of Taka 20,000 per month. State Minister for Labour and Employment Monnujan Sufian on November 7, informed that the wage has been hiked to Taka 12,500, up 56 percent compared […]

Industry

Bangladesh Garment Factories Shut Following Violent Protests

Textile Insights November 3, 2023

Hundreds of Bangladeshi garment factories stayed closed on Thursday following protests and violence by garment industry workers who are demanding a higher minimum wage. Sources said that around 50 apparel manufacturing factories were vandalised by workers on the outskirts of Dhaka, following which hundreds of factories shut their doors. Thousands of apparel sector workers

Industry

Bangladesh Minister Assures Garment Workers Of Higher Wages

Textile Insights November 1, 2023

The Bangladesh Minister for Labour, Monnujan Sufian assured workers that the minimum wage would be set higher than that proposed by the Minimum Wage Board, following protests by garment sector workers. The Minister said that there will be another meeting of Minimum Wage Board on November 1 in which concerns of all stakeholders will be […]

Industry

Bangladesh Textile & Garment Sector Tops FDI Chart In FY’23

Textile Insights October 21, 2023

US $1.22 billion in foreign direct investment (FDI) was received by the Bangladesh textile and garment industry and it was the topper among FDI received by various sectors in the country in fiscal 2023. According to Bangladesh Bank, the central bank of Bangladesh, the country received $3.2 billion as FDI in fiscal ending June 2023, […]

Apparel, Fashion, Retail

US Advises Bangladesh To Stop Export Of Counterfeit Apparel

Textile Insights September 25, 2023

As per a statement of the United States Trade Representative (USTR), the US has advised Bangladesh to take action and stop export of counterfeit garments. Previously, the USTR had identified Bangladesh as one of the top five countries from where counterfeit apparels are exported worldwide. The concerns regarding counterfeit clothing were raised during the Trade […]