Search Results for: Bangladesh

As India goes to the polls over the next seven weeks leading to a new (or more likely renewed) government taking charge in early June, the country’s clothing and textile industry is foreseeing a continuity of policies albeit with investment promotion schemes being strengthened and more free trade agreements being struck.…

The Myanmar clothing and textile industry is facing increasing labour shortages, as workers flee the country or hide at home, to avoid being conscripted into an army that has been losing its grip over large swaths of the country amidst the ongoing civil war (1).…

India is integrating its textile and apparel industry more closely to achieve faster growth and become a reliable alternative to China and other Asian sourcing hubs for garments, sector executives have said at a major conference this week. Industry leaders from worldwide gathered in the capital New Delhi for Bharat Tex 2024, from February 26 to 29, discussing key issues such as sustainability and transparency.…

Disruptions to shipping through the Red Sea is having a negative impact on the international textile supply chain, driving up transportation costs and lead times. However, unless the crisis continues for significantly longer, a geographical shift in textile production is unlikely to happen, experts predict.…

Türkiye raised its minimum wage by 49% from January 1 (2024) in a bid to tame the impact of the country’s punishing inflation rates, impacting the textile and garment industry’s global competitiveness. However, but the sector is hopeful that investment in automation, adopting eco-friendly schemes and recycled textiles will drive business.…

China still enjoys its dominance in the global garment supply chain, despite the “friendshoring” and “nearshoring” strategies used by western companies leveraging the geopolitical tension between China and the West in recent years.

A key reason is China’s longstanding track-record as a reliable clothing and textile supplier to global markets: “China is one of our top five largest sourcing markets.…

Despite low domestic demand and transportation challenges posed by poor cold storage facilities, Bangladesh’s nascent cheese industry is showing potential for growth.

Consumers are eating more of this dairy product than ever before, spurring growth in imports. According to data from United States-based export-import trade intelligence firm Volza, there were 4,464 import shipments of cheese into Bangladesh, imported by 524 Bangladesh traders, as of from last January 1 (2023) to October 31 (1).…

Predictions that a post-pandemic surge in nearshoring would follow clothing brand fears about volatile supply chains have only been partly realised. Inadequate advances in automation, limited raw material supplies, lack of appropriate infrastructure and persistent high costs have limited the ability of many near-sourcing industrial hubs close to Europe and north America to grab market share from Asia.…

Published in the Dhaka-based newspaper, The Business Standard, Mr Billah’s story clinched the second prize in the “National Newspaper” category, at the eighth annual award ceremony of BRAC, one of the largest NGOs in the world. BRAC introduced the “BRAC Migration Media Award” in 2015 to formally recognise migration journalism.…

Prospects of a bumper cotton crop on Pakistan this year (2023) and a planned extension to December 2027 of the country’s European Union (EU) GSP+ trade benefit status has raised hopes for increased sales by the Pakistan clothing and textile sector within the country’s government (1).…