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

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

New Bangla Textile Minister To Boost Output Of Smart Textiles

Textile Insights January 15, 2024

The newly appointed Bangladesh Textile & Jute Minister Jahangir Kabir Nanak said that he is committed to advancing the manufacturing of smart textiles and also jute sector. According to Nanak, this will be achieved through efficient planning and swift implementation of decisions taken by the ministry. He stressed on the importance of incorporating new innovations […]

Industry

Investments In Bangladesh Textile Sector Almost Dry Up In 2023

Textile Insights January 2, 2024

Investments in the Bangladesh textile industry which is worth around $25 billion, almost dried up in 2023 as nor were new textile mills set up nor did any start operations. Only a Narsingdi based spinning mill said it would invest Tk 700 crore to manufacture cotton and MMF yarn, but even that plant will be […]

Industry

Bangladesh & Uzbekistan Explore Cooperation In Textile Sector

Textile Insights December 23, 2023

Bangladesh and Uzbekistan are exploring cooperation between the textile and garment industries of the two countries and take advantage of the strengths of both countries An Uzbek textile delegation recently visited Bangladesh and visited various garment factories to explore cooperation and learn more about garment manufacturing. Then a top level official team from

Industry

Bangladesh Textile Industry Seeks Higher Limits Of LC’s

Textile Insights December 11, 2023

Textile mills in Bangladesh have urged the central bank of Bangladesh to raise the limit of letters of credit (LCs) so that they can import more raw materials. The Bangladesh Textile Mills Association (BTMA) sent a letter to Bangladesh Bank requesting for a hike in LC limit last week, in which the trade body also […]

Machinery

BTMA Seeks Refinancing For Spinning To Printing Segments

Textile Insights November 27, 2023

The Bangladeshi textile industry is seeking a refinancing facility to modernise or refurbish textile technologies in various segments like spinning, weaving, etc from the central bank of Bangladesh. Mohammad Ali Khokon, who is the President of the Bangladesh Textile Mills Association (BTMA), has urged the Bangladesh Commerce Ministry to look into the issue. “He said […]

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, […]

Industry

Bangla Textile Capacity Not Enough To Meet China Plus Orders

Textile Insights September 14, 2023

Bangladesh is the second biggest global garment exporter and shipped apparels totaling US $46.99 billion in previous fiscal and utilised its overall production capacity in doing so. But does it have spare capacity to handle orders diverted from China, under China Plus policy and the US ban on using China’s Xinjiang region cotton in clothing […]