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Economy

India to export cotton fabrics to Bangladesh

The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics – both woven and knitted - to Bangladesh and Sri Lanka under the Merchandise Exports from India Scheme (MEIS) vide Public Notice No. 27 dated July 14, 2015 issued by the Director General of Foreign Trade (DGFT). [caption id="attachment_18353" align="alignright" width="432"]R.K.Dalmia – Chairman – TEXPROCIL R.K.Dalmia – Chairman – TEXPROCIL[/caption] This is a very positive step taken by the Governm...

Utilization of dairy industry waste products

Milk, which is one of the chief sources of calcium, is highly nutritious and constitutes a part of our daily diet in some form or the other. The main constituents of milk are water, proteins, lipids, carbohydrates, vitamins and minerals, which are essential for growth and development. Milk also contains various biologically active compounds such as caseins and whey proteins. Of the total whey solids, it is estimated that about 75% is lactose. Milk is available as full cream, skim, lactose-free and fat free milk. Condensed and evaporated milk, which can be pasteurized util... </div><!-- .entry-content --> </article><!-- #post-## --> <div class=

RMG export growth to new markets declines

According to sources, the FE says, Bangladeshi apparel is losing out in emerging markets to competitors like Vietnam, Cambodia, India and Pakistan, as many buyers cut back orders due to political unrest, safety and other compliance issues in the country.According to a report in Bangladesh’s Financial Express (FE) this morning, the country’s ready-made garments (RMG) exports to non-traditional markets have recorded just marginal growth in the fiscal year just ended (2014-15). Insiders are said to consider this alarming news for the country’s apparel sector. rmg

Bangladesh hopes green means go

Like Thailand, Bangladesh is suffering from prolonged political unrest and subdued economic activity. For a time earlier this year it seemed Moody’s Investor Service might downgrade the country’s credit rating due to the ongoing tensions on the ground, although in the end it held off from doing so. green goOpposition party-led strikes have weighed on the economy, prompting the International Monetary Fund in March to clip its growth forecast for the fiscal year to June-end to 6% from 6.4%. The Bangladeshi government had been targeting a 7.3% growth ...

Japanese firms expanding their reach in South Asia

Bangladesh, the world’s eighth most populous country with approximately 158 million people, is witnessing an economic growth rate surpassing five percent for the past ten years. The economy is expected to continue to grow and present many business opportunities. In one of the office buildings at Gulshan crossing in central Dhaka, the work is on for construction of a new branch office for Toshiba, the first Japanese electronics company to have a branch in Bangladesh. Toshiba-HQ-bldg1Sayaka Kanagawa, who joined Toshiba in 2008, has...

BD in right direction to exploit “Blue Economy”: ESCAP

Bangladesh has been moving in the right direction in exploiting “Blue Economy” and other countries should acquaint with the strategies of Bangladesh that are being implemented, a top official the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) has said. blue economyESCAP Executive Secretary Shamshad Akhter made the comments while opening a side event titled “Outcomes of regional consultations on sustainable development (SD) and the post-2015 development agenda in Asia and the Pacific” at the UN headquarters in Ne...
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