Trade & Business | Textile Today

Need to embrace innovation to address future challenges: BGMEA

Nurnahar Akter TaniaMay 25, 2022May 26, 2022

by Nurnahar Akter TaniaMay 25, 2022May 26, 20220

Dr. Annalisa Primi, Head of Division, Economic Transformation and Development, Development Centre at the Organisation for Economic Co-operation and Development (OECD), paid a courtesy call

Three Chinese firms eager to invest in apparel and renewable energy

Nurnahar Akter TaniaMay 24, 2022May 24, 2022

by Nurnahar Akter TaniaMay 24, 2022May 24, 20220

Three Chinese companies, Xinyi Glass Holdings Limited, Guopu Energy Technology Company Limited, and Hangzhou IV Supply Chain Co Limited, have offered to invest in the

Trade & Business

Vietnam’s Q1 2022 textile-garment exports raise to $8.68 bn

Nurnahar Akter TaniaMay 23, 2022May 25, 2022

by Nurnahar Akter TaniaMay 23, 2022May 25, 20220

According to Vietnam’s Aurora Textile Industrial Park, the world’s textile and garment industry is expected to be brighter in 2022, so Vietnam continues to maintain

Events Trade & Business

MODIFI CEO meets BGMEA President to discuss global trade and Bangladesh’s garment industry

Nurnahar Akter TaniaMay 22, 2022May 24, 2022

by Nurnahar Akter TaniaMay 22, 2022May 24, 20220

A delegation of MODIFI led by Nelson Holzner, CEO met with BGMEA President Faruque Hassan at the latter’s office in Gulshan, Dhaka on May 14.

Trade & Business

RMG export earns $35.36 bn in July- April of FY 2021-2022

Textile TodayMay 18, 2022May 18, 2022

by Textile TodayMay 18, 2022May 18, 20220

Bangladesh’s readymade garment (RMG) export for the July- April period of FY 2021-22 earned $35.36 billion, according to recently released Export Promotion Bureau (EPB) data.

Spinning Trade & Business

Envoy Textile takes $11 million loan from ADB to boost its spinning

Nurnahar Akter TaniaMay 17, 2022

by Nurnahar Akter TaniaMay 17, 20220

Asian Development Bank (ADB) is providing a loan of $11 million to Envoy Textiles for purchasing spinning machinery and associated equipment for its second spinning

Trade & Business

EAB proposes continuation of 0.5% source tax in forthcoming budget

Nurnahar Akter TaniaMay 17, 2022May 17, 2022

by Nurnahar Akter TaniaMay 17, 2022May 17, 20220

Exporters Association of Bangladesh (EAB) recently urges the government to carry on the 0.50% source tax for exporters for the next 5 years to keep

News & Analysis Trade & Business

Favorable USD-Taka exchange rate a blessing for apparel exporters

Textile TodayMay 16, 2022

by Textile TodayMay 16, 20220

At a time when the apparel industry is recovering from the Covid-19 pandemic with robust export growth, favorable exchange rate of US dollars against Bangladeshi

Trade & Business

Quality leather required to grab China market

Nurnahar Akter TaniaMay 15, 2022May 15, 2022

by Nurnahar Akter TaniaMay 15, 2022May 15, 20220

The government wanted to enhance exports to China by removing barriers and providing the requisite support, recently Bangladeshi exporters of leather and leather goods have

Fashion & Retail Trade & Business

Inditex signs $105 mn agreement with Infinite to buy recycled fiber

Nurnahar Akter TaniaMay 15, 2022May 17, 2022

by Nurnahar Akter TaniaMay 15, 2022May 17, 20220

Inditex, a parent company of the Zara brand, recently signed a three-year deal worth more than the US $ 104 million to buy 30 percent

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