Search Results for: Bangladesh

VIETNAM’S textile manufacturing industry stands to gain as multinational garment companies look to distance themselves from Bangladesh in light of the collapse of Rana Plaza, the multi-story facility in the outskirts of Dhaka, which housed five clothing factories, in April.

The catastrophic incident, which left over 1,100 people dead, has compounded Bangladesh’s hapless record for safety and triggered an exodus as brands seek more reliable manufacturing markets across Asia.…

THE WORLD’S 49 least developed countries have been given another eight years to implement the intellectual property protection rules demanded by the World Trade Organisation (WTO). This means that their governments have the freedom to choose whether to protect trademarks, patents, copyright, industrial designs, geographical indications and other rights, potentially harming pharma companies.…

IF there is one country where the need to improve environmental performance in clothing and textile production is clear it is surely Bangladesh. With more care and attention paid to industrial processes and premises comes improved safety and working conditions, and after the recent factory collapse and fire, Bangladesh knows it has to raise its game.…

New Jersey-based Centric Software is a leading supplier of PLM software to the apparel as well as accessories and footwear industries, noted James Horne, the company’s vice president of marketing. Centric Eight is an all-in-one web-based PLM solution tracks products from development and merchandise planning, technical design, supply chain, cost and quality.…

ORDERS from key American and European buyers to Bangladesh garment manufacturers are already falling year-on-year after the Rana Plaza factory collapse. Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) director Fazlul Hoque told just-style the overall drop in garment orders are around 10% during this spring and summer compared to last year, although unnamed industry sources in local media have claimed the drop is 30-35%.…

INVESTORS have shown faith in the long term prospects of the Bangladesh clothing and textile sector, with four garment factories costing nearly USD50 million to build starting operations in Bangladesh’s Comilla Export Processing Zone this year (EPZ), its general manager MD Abdus Sobhan told just-style.…

“We use our earth as if we have a planet and a half; we have a deficit relation with our natural resources. The biggest challenge facing not just business, society and government, but humanity is the question of our sustainability. And business, as usual, will do nothing to solve it.”…

THE RECENT industrial accidents that have marred the reputation of Bangladesh’s knitwear outsourcing industry have increased the pressure on the small firms in the sector to merge so they can improve investment in equipment and premises.

Last year’s Tazreen Fashions fire and the factory collapse in April have prompted questions in the global knitwear sector about its “race to the bottom” low cost gambit, unleashing public outrage and calls for improved factory conditions and better safety regulations.   …

Knitwear companies on Mauritius have been inspired by the economic malaise harming their key European export markets to diversify their sales strategy by seeking to tap the key regional market of South Africa. It is now the Indian Ocean island country’s second largest knitwear export market after the European Union (EU).…

Bangladesh’s foreign investment policy is considered the most liberal in the region, offering a range of incentives for overseas investors. Foreign companies enjoy fiscal and non-fiscal benefits such as tax holidays for five to seven years; the ability to own all capital in a Bangladesh-based business; investment profit and dividend repatriation; duty-free imports of capital machinery; exemption from double taxation; a zero dividend tax; and no investment ceilings.…