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RMG

India eyes US tariff relief with ‘zero-for-zero’ tax policy

The US government's decision to impose tariffs on all imports is set to benefit India’s textile industry, as competitors like Vietnam, Bangladesh, and China face relatively higher tariff rates. Experts in India suggest that the country's textile exports could gain a competitive advantage in the US market.

As per President Donald Trump’s tariff announcement, Vietnam’...

US fashion industry too decries ‘Worst Offender’ tariffs

Shortly after the tariffs were imposed, the United States Fashion Industry Association (USFIA) expressed its disappointment. "We are deeply disappointed by the Trump Administration’s decision to impose new tariffs on all imports.

This action will particularly affect American fashion brands and retailers. Some of the major suppliers for U.S. imports and the major customers for U.S. exports are targeted with the substanti...

BGMEA completes workers’ wage, allowance before Eid

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has announced the completion of wage and allowance payments for workers in the ready-made garment (RMG) sector ahead of Eid-ul-Fitr.

Following BGMEA's request, the government took advance measures, instructing banks to release incentive funds, said a BGMEA press release issued on Thursday night.

This move enabled entrepreneurs to make payments for February wages, partial or full March wages, and festival b...

Why garment factories are rapidly shutting down?

Bangladesh’s garment industry, the backbone of its economy and accounting for nearly 84% of its foreign exchange earnings, is facing a severe crisis. Over the past year, dozens of factories have closed, leaving tens of thousands unemployed. The crisis is fuelled by automation, labour unrest, and political instability, threatening the livelihoods of millions dependent on this sector.

A report by Apparel Resources states that at least 76 garment factories have shut down in the past year,

B’desh on automation route to thwart Cambodia’s RMG sector

Bangladesh has begun stepping up automation in the garment sector to thwart competition from countries such as Cambodia and Vietnam, according to various media reports.

The garment industry contributes about 11 percent to Bangladesh’s GDP. It’s the main driver of the country’s economy, employing millions of people and generating billions of US dollars in exports. Textile and garment products constitute over 80 percent of Bangladesh exports.

Smart technology has improved p...
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