More in Rmg
Bangladesh garment exports rise despite global slowdown
Bangladeshi garment exports are defying the global trend, growing 4.35% in the first eleven months of 2023 to reach $42.83 billion. This success lies mainly in tapping into new markets beyond traditional destinations like Europe and the US. While the US market slumped by 9% and even European shipments saw a modest 2.28% increase, garments […]
BY Insider Desk
Global retailer introduces sanctions clause
An international clothing retailer has included a new clause in transactions stating that if a country faces sanctions from the US, UN, EU, or UK, no letter of credit (LC) transactions will be processed. This clause was attached while placing an order with a local garment supplier. The clause explicitly specifies that transactions won’t proceed […]
BY Insider Desk
Bangladesh leads global green factory drive
Bangladesh has solidified its global position in eco-friendly apparel production, boasting a remarkable 204 factories with LEED certification from the United States Green Building Council (USGBC). According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), one more factory, ‘Integra Dresses Limited’ in Gazipur, received gold-category certification in December, scoring 99 out of 110 points. […]
BY Insider Desk
A comparative analysis of Bangladesh and Turkey
Over the past four decades, Turkey and Bangladesh have undergone transformative economic journeys that have reshaped their economic landscapes. Both nations have embraced economic liberalization and export-led growth strategies to fuel development and achieve remarkable milestones. This writer has tried to examine the economic transitions of Turkey and Bangladesh, exploring their paths to liberalization, export-oriented […]
BY Syed Raiyan Amir
Sustainability key to sustaining RMG sector growth
The history of Bangladesh’s Ready-made Garments (RMG) sector goes back to the 1980s when Bangladesh was a war-ravaged nation. Then, the late Nurool Quader Khan took the initiative to send 130 workers to South Korea to train in producing ready-made garments. Following this, several other notable names, such as the late Akhter Mohammad Musa of […]
BY Shehrin Radiyat Shahnawaz