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India’s Sewtech to set up garment unit in Bangladesh
Sewtech Fashion of India signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) to invest $9.26 million to establish a readymade garments manufacturing factory in Chattogram Export Processing Zone.
Bangladesh apparel export to USA suffers due to COVID
Bangladesh's apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.
Textile industry under pressure
Going forward, the textile industry scenario will depend on how the situation evolves in the domestic and international markets and faster return to normalcy will enable the industry to curtail the damages and improve on its growth prospects.
Solapur aims to become a major uniform hub
According to Nilesh S Shah, VP of the Solapur Readymade Garment Manufacturing Association (SRGMA), “Solapur’s closely-knit and largely unorganised garments and uniforms industry is attracting attention of the armed forces.”
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