Investment in technology is need of the hour to make the country’s apparel industry more competitive, sustainable and profitable, and also to achieve the target of earning the goal of US$50 billion in fashion exports by 2021.
Besides, infrastructure bottle necks and capacity constraints, which are the threat to prosperity, needs to be removed to attract more investment in industry, the life blood of the country’s economy.
The observations came after an intense brainstorming panel discussion at a seminar on “Bastra Shilper Adhunikayan (Modernization of Apparel Industry)” by ThreadSol, an innovative apparel software solutions provider in partnership with Independent TV, a leading private television channel, at the Radisson Blu Hotel in the city.
The objective of the seminar is to...
Bank Asia with the help of USAID Agricultural Extension Support Activity introduced A-card (Agriculture card), for the first time in Bangladesh, to facilitate marginalized farmers get agri-loan in card and make necessary payment for seeds and fertilizer from there.
Mr. Md. Arfan Ali, President & Managing Director of Bank Asia is handing over the A-Card to
Mr. Dolon Zaman, one of a peasants at a function at Ambika Memorial Hall, Faridpur town recently.
Mr. Kingkar Kumar Das, Additional Director of Departm...
Bangladesh's trade deficit shrank to its lowest in six years in the financial year that ended in June, to stand at nearly $5.5 billion, down 15 percent from a year earlier, thanks to a drop in global commodities prices and steady garment exports.
Imports rose 5 percent in the year to $40 billion, while exports increased 10 percent to $34
billion, mostly driven by stronger garment sales, central bank data showed.
The $28-billion-a-year garment export industry, which had been recovering strongly ...
Public procurement in Bangladesh is to be upgraded and expanded with an additional $10m in World Bank (WB) cash.
The loan, which brings the bank’s financing for its procurement project in Bangladesh to $68.1m, will be used to replace a data centre, where capacity is too low to keep pace with growing demand from public procurement bodies.
The bank said it will ensure the effective use of public money and increase transparency in the procurement system.
Rajashree Paralkar, acting World Bank country director for Bangladesh, said the results of
The government today signed $275 million loan agreement with the Asian Development Bank (ADB) for further improving and expanding water supply system in Dhaka.
Mohammad Mejbahuddin, Senior Secretary, Economic Relations Division (ERD), and Kazuhiko Higuchi, Country Director, Bangladesh Resident Mission of ADB, signed the agreement on behalf of Bangladesh and ADB respectively at a ceremony at ERD, Sher-e-Bangla Nagar, here, said a release.
Dhaka Water Supply and Sewerage Authority (DWASA) will implement $408 million project. Of
t...
A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank’s account at the Fed has been postponed, officials in Dhaka said.
A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads its financial intelligence unit, was to meet Fed officials in New York on July 15.
“We are in talks with the Fed and hoping that the meeting will take place anytime at the end of this month ...
