Circular economy key to global competitiveness: Muktadir
Circular economy key to global competitiveness: Muktadir

Commerce Minister Khandakar Abdul Muktadir said circular economy adoption is now essential for Bangladeshs industrial competitiveness, sustainable growth and stronger global positioning, reports BSS. Speaking at a seminar on circular economy initiatives, he said global trade is increasingly...

400 garment factories shut in three years, BGMEA seeks policy support
400 garment factories shut in three years, BGMEA seeks policy support

Around 400 garment factories have shut down across the country over the past three years, with many others facing financial strain, according to the Bangladesh Garment Manufacturers and Exporters Association. The industry body raised the concerns while placing proposals for the upcoming national...

BGMEA seeks extended central bank support to tackle apparel sector crisis
BGMEA seeks extended central bank support to tackle apparel sector crisis

BGMEA seeks extended central bank support to tackle apparel sector crisisBangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Bangladesh Bank to strengthen policy support and extend key deadlines to help the readymade garment (RMG) sector cope with ongoing multidimensional...

BGMEA pushes for quick release of Tk 5,700cr RMG incentives
BGMEA pushes for quick release of Tk 5,700cr RMG incentives

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to expedite the disbursement of Tk 5,700 crore in cash incentives for the ready-made garment (RMG) sector. The call came during a meeting with Finance Minister Amir Khosru Mahmud Chowdhury at the...

Garment industry faces major challenge
Garment industry faces major challenge

Bangladeshs ready-made garment (RMG) industry is facing a major challenge. The United States is the single largest destination for Bangladeshi garment exports, while the European Union collectively accounts for the largest regional market, receiving around 50% of the countrys total garment exports....