BTMA for enhanced gas supply, security
The country鈥檚 textile manufacturers on Wednesday called for an uninterrupted supply of both gas and electricity, along with enhanced security measures to ensure the sector鈥檚 survival...
Tags : textile
Circular textiles lack policy, Bangladesh forgoes $5b in exports a year: study
The absence of a comprehensive policy framework for circular textiles, which would incentivise the recycling of post-industrial textile waste known as jhut, is causing Bangladesh to forgo $5 billion in potential annual export revenues from recycled textile products, according to a recent study...
Khokon resigns, Showkat becomes BTMA president
Mohammad Ali Khokon on Sunday resigned from his position as president of the Bangladesh Textile Mills Association and former vice-president Showkat Aziz Russell took over the role following an emergency board meeting...
RMG, textile mills in Bangladesh to remain closed
Country鈥檚 readymade garment factories and textile mills will remain closed as the government extended curfew for an indefinite period and announced three days鈥� general holidays from Monday due to the deteriorated law and order situation, sector leaders said...
Textile millers demand low-cost loans to offset business losses
The country鈥檚 textile mill owners have sought low-interest bank loans to help cover workers鈥� wages and utility bills for July, saying that the industry faced significant financial losses due to the disruption of business operations amid the recent unrests over quota-reform movement...
Bangladesh may see fastest growth in cotton consumption: report
Bangladesh and Vietnam are expected to experience the fastest growth in cotton consumption and trade over the decade due to their competitive labour and production costs, which will lead to significant expansions in their milling capacities, according to a global report...
BTMA alleges inflated export data 鈥榗onspiracy鈥� to cut cash incentives
The Bangladesh Textile Mills Association on Saturday termed discrepancies in export figures as a 鈥榗onspiracy鈥� against the apparel and textile sector, claiming that a group influenced the government to reduce cash incentives by showing inflated export growth...
Banks delaying payment to local textile makers: BTMA
Banks are holding up payments to local textile manufacturers against purchase of raw materials by readymade garment exporters under back-to-back letters of credit, textile manufacturers alleged...
RMG, textile businesses for source tax cut
Leaders of the country鈥檚 apparel and textile sectors on Saturday urged the government to reduce tax at source to 0.50 per cent from existing 1 per cent for the...
Gas crisis cuts textile production by up to 65pc: BTMA
Production in more than 1,000 textile mills in the country has plummeted by 50-65 per cent over the past month due to a severe shortage of gas supply, according to the Bangladesh Textile Mills Association...
Over 450 textile, RMG units cut freshwater usage by 35b litres
Over 450 textiles and readymade garment factories in Bangladesh under IFC-led programme 鈥楶artnership for Cleaner Textile鈥� have reduced freshwater consumption by 35 billion litres and cut wastewater discharge by 29 billion litres annually...
Govt sets Tk 10,001 as minimum wage for cotton textile workers
The government has announced Tk聽10,001 as the gross monthly minimum wage for the country鈥檚 cotton textile sector workers and employees...