RMG exports jump 20.73pc in July-Nov’13
The exports of Bangladesh ready made garments increased by 20.73 percent in the first five months of the current fiscal year 2013-14 to US$ 9.653 billion, as against exports of US$ 7.995 billion made during the corresponding period of previous fiscal, the data from the Export Promotion Bureau (EPB) showed.
Knitwear exports registered US$ 4.899 billion during July-November 2013 period, showing a year-on-year increase of 20.48 percent over exports worth US$ 4.066 billion made during the same period last year.
![Workers sort clothes at a garment factory near the collapsed Rana Plaza building in S...
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RMG Bangladesh: Unraveling at the seams
All good things have a way of coming to an end-an unpleasant reality that Bangladeshi RMG players might soon be coming face to face with.
The illustrious rise of the Bangladeshi textile profile is a case study in itself. The boom has contributed greatly to the country’s economic development; having created millions of jobs and helping drive down the country’s poverty rate.
But, in recent years, the rapid change has also created new probl...
But, in recent years, the rapid change has also created new probl...
Apparel orders shifted to other countries: Buyers frustrated
Frustrated foreign buyers have shifted their apparel orders to other countries as violence on Dhaka-Chittagong highway increases amid political unrest. An attack on the transports by the miscreants during blockade, one of them carrying three foreign buyers, in the capital several days ago prompted the buyers to take such quick decision.
After tragic death of 1,245 workers in RanaPlaza collapse and fire incident at Tazreen Fashions, the prevailing political unrest and violence have aggravated the uncertainty among the buyers, garment industry entrepreneurs said.
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Canada supports ILO initiative to improve RMG conditions
Canada has announced its support for a joint initiative with the International Labour Organization (ILO) entitled “Improving Working Conditions in the Ready-Made Garment Sector” in Bangladesh.
Canada’s support for this initiative is helping to ensure that Bangladesh is better equipped to provide safe and healthy employment for its people,” said Christian Paradis, Canda’s minister of international development and minister for La Francophonie.
“Stimulating sustainable economic growth is critical to breaking the cycle of poverty, increasing security and encouraging equality”, he said.
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Aussie retailers to publish address of Bangladesh RMG maker
Target Australia and Pacific Brands have promised to publish the location of their supplier factories in Bangladesh, in what human rights groups described as a ''watershed moment'' for Australian retailers.
Kmart, the first Australian company to pledge full transparency of its supply chain, will publish the location of every Bangladesh factory on Tuesday.
Oxfam's chief executive, Helen Szoke, said the announcements would encourage transparency.
''With...
Oxfam's chief executive, Helen Szoke, said the announcements would encourage transparency.
''With...
Anguish in RMG sector exist almost whole of 2013
Due to the ongoing political impasse, the country’s RMG sector losses in billions of taka every day. Foreign apparel orders worth $3.96 lakh were cancelled while the exporters spent $3.08 lakh on air shipment during the first three days of the current month, according to the data collected by BGMEA’s research and development team.
The research unit collected data from 10 exporters to assess the overall losses caused by the blockade. Many small factory owners may go bankrupt due to failing shipment on time.
