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Can we weave a global story?
After Piyush Goyal took over the reins of the Union Textile Ministry, the Government of India on July 14, 2021, gave its assent for the continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme on exports of apparels and made-ups till the end of March, 2024.
Bangladeshi RMG popular among US buyers: USFIA
Almost half of the fashion brands and buyers of the US surveyed for the eighth edition of the study titled “2021 Fashion Industry Benchmarking Study” said they may increase sourcing from Bangladesh over the coming years.
Apparel exports of Bangladesh show growth
Bangladesh’s apparel exports to the United States bounced back during the first five months of 2021, registering a double-digit growth both in terms of value and volume compared to the same period of last year.
Bangladesh Govt to offer financial aid to RMG workers
As per reports, the Ministry of Labour and Employment has offered Tk 930 million to 7,000 RMG (Readymade Garment) workers and their relatives. This money was taken from the ministry’s central fund.
Bangladesh RMG makers want simplified export procedures
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the Commerce Ministry to simplify export procedures so that the apparel sector can tackle the challenges posed by the pandemic.
Bangladesh Textile Firms Face Low Profits and Sales
Listed textile and garment makers in Bangladesh are facing low profits and sales due to the ongoing COVID-19 pandemic. However, spinners and yarn makers are performing well by taking advantage of the price hike of yarn.
Bangladesh’s SM Group to set up Tk 1.3 bn RMG unit
In spite of the pandemic situation, the SM Group has shown some hope by setting up a new RMG accessories factory that will provide more jobs, boost export, and improve the country’s economy in the near future.
Bangla to bring all textile sectors under one fold
The Government of Bangladesh recently has published final draft of Textile Act 2015, a thorough look of which reveals that the act is to bring all sub sectors of textiles under one umbrella which is The Directorate of Textiles (DoT) under the Ministry of Textiles.
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