Economy

Bangladesh Has Potential To Become Asian Tiger: US Envoy

Textile Insights May 13, 2024

US Ambassador to Bangladesh Peter Haas has stressed the necessity for Bangladesh to take bold steps in order to prosper as a country, but also added that Bangladesh has potential to become an Asian Tiger. “In order to become prosperous, Bangladesh must then take bold steps to expand

Industry

Investment In Bangladesh Textile Industry Slows Down

Textile Insights May 8, 2024

The investment in the Bangladesh spinning and weaving industry has slowed down because of gas shortage and for volatile dollar markets over the last two years. Many of the spinning mills have been running their production at 50 percent capacity because of the gas crisis in the industrial sector. Last year, no new spinning or […]

Industry

Bangladesh Announces New Minimum Wage For Textile Workers

Textile Insights April 9, 2024

The Bangladesh government has announced Taka 10,001 or US $91.06 as the gross monthly minimum wage for textile workers. The earlier gross monthly minimum wage set in 2018 was Taka 5,710 or $51.99. The labour ministry announced new minimum wages for different grades through a gazette notification and the newly announced wages for the textile […]

Software

Datatex ERP Solution For Bangladesh Textile & Apparel Sector

Textile Insights March 30, 2024

Datatex unveiled its ERP Software Suit designed for the Bangladeshi textile and apparel sector at a seminar organised by Datatex. “Bangladesh is a potential and key market for ERP systems and is very important to record data and analysis for the growth of the textile and garment sector,” Datatex CMO Maurizio Desio said. “Dynamic industrial […]

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 […]

Industry

Bangla Engineers Identify Challenges Impacting Textile & Apparel Sector

Textile Insights March 6, 2024

A group of 40 top Bangladeshi textile engineers and entrepreneurs have identified various challenges, inhibiting the growth of the textile and apparel industry in the country. The engineers met in Dhaka on March 3 under the banner of Textile Engineers – Entrepreneurs. This group identified skills gap, trust deficit between employers and employees, rising operational […]

Export

Infusing $18bn To Help Bangla MMF Apparel Exports Touch $42bn

Textile Insights March 4, 2024

The Bangladesh garment industry has the potential to boost its non-cotton or manmade fibre (MMF) apparel exports to US $42 billion by 2032 at an additional investment of $18 billion. This was revealed in a study conducted by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) done by an Indian research firm Wazir Advisors. The […]

Industry

Bangladesh Textile Sector Attracts Nil Investment In 2023

Textile Insights January 30, 2024

The Bangladesh textile industry did not witness any new investments in 2023 due to various internal and external forces, which include a severe shortage of energy and a global economic slowdown. This was informed by Bangladesh Textile Mills Association (BTMA) President Mohammad Ali Khokon at a press conference held on the eve of DTG 2024 […]

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 Garment Manufacturers and Exporters Association (BGMEA) recently. The discussions

Industry

Bangladesh Textile Mills Urge Govt To Mandate 70% Use Of Local Yarn

Textile Insights January 4, 2024

Bangladesh textile mills have urged their government to make it mandatory for fabrics and apparel manufacturers to buy cotton yarn from domestic mills due to the ongoing foreign exchange crisis. In a letter the Bangladesh Textile Mills Association (BTMA) said that if garments are manufactured with domestic yarn, then the value addition is 65 percent, […]