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.
Browsing: Industry Update
As the export duties on the raw material reduce, it is expected that the textile exports from Pakistan will increase by $5 billion in the next fiscal year.
Textile conglomerate, Donear Industries Ltd. rolled out a vaccination drive for its employees and their kin, in collaboration with Quantum CorpHealth Pvt. Ltd.
According to a circular economy group, Bangladesh’s garment industry is able to reduce its spending by half a billion dollar by recycling cotton waste generated by fabric mills and factories.
Solvay is globally launching Bio Amni, its first partially bio-based polyamide textile yarn. It is a polyamide 5.6, which is produced entirely at the company’s textile industrial unit in Brazil.
AEPC, The Apparel Export Promotion Council, has launched an appeal to the State government to formulate a policy to promote exports.
The production cost of garments has gone up by 30% as compared to that in December 2019 because of the increase in the price of raw material, according to garment exporters in Tirupur.