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

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%

Economy

Bangladesh Textile Sector Seeks Tax Cut to 10% And Loan Waivers

Textile Insights June 1, 2026

Bangladesh’s textile industry has sought urgent fiscal relief ahead of the national budget, with the Bangladesh Textile Mills Association (BTMA) proposing a cut in income tax for primary textile mills from 27.5% to 10% until 2030. The association said rising energy costs, supply disruptions, high interest rates and import competition have severely impacted the sector, […]

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 […]

Cotton

Cotton Crunch Raises Concerns Across Textile Sector

Textile Insights May 21, 2026

India’s textile and apparel industry has expressed concern over the sharp rise in domestic cotton prices and tightening raw material availability, warning that the situation could impact production costs, export competitiveness and profit margins in the coming months. Leading textile manufacturers and export bodies have urged the Union Government to suspend the existing

Corporates

REVIVAL Group To Reopen BEXIMCO Textile Division

Textile Insights November 19, 2025

In a breakthrough initiative for Bangladesh’s industrial recovery, Japanese-Bangladeshi ethical fashion venture REVIVAL Group Co. Ltd., and REVIVAL Projects Ltd., have announced plans to lease and restart the long-shuttered BEXIMCO Textile Division. The move represents one of the most significant employment restoration efforts in recent years, with the reopening expected

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

Corporates

Ha-Meem Signs Major 16.9 MWp Solar Project To Cut Industry Emissions

Textile Insights November 10, 2025

Bangladesh has taken a significant step forward in advancing its industrial sustainability efforts with the signing of a 16.9 MWp rooftop solar power project under a CapEx model with Ha-Meem Group, one of the country’s largest textile and apparel manufacturers. The project will be implemented across the Group’s Textile Zone, including Ha-Meem Denim Ltd., Ha-Meem […]

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

Industry

Inditex To Fund University Education For 50 Female Textile Workers In Bangladesh

Textile Insights April 14, 2025

Inditex, in collaboration with the Asian University for Women (AUW), has launched a scholarship programme aimed at supporting the academic development of female textile workers in Bangladesh. The global fashion retailer will allocate €3.75 million to fund the education of 50 women over the next five years, providing them with access to pre-university and university […]