Business
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Bangladesh knitwear sector's core strength in backward linkage is making it inch closer to being self-sufficient in fabric and yarn production. With growth in its export volume, backward linkage has expanded accordingly.
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The future of sourcing in the apparel sector lies in the establishment of value-based partnerships. Leading industry voices are urging stakeholders to view sourcing as a collaborative venture focused on mutual growth and innovation.
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Local garment suppliers are shifting gears towards sustainable fashion, utilising recycled materials in their apparel. This transformative shift not only aligns with international standards but also presents an opportunity for Bangladesh to
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Bangladesh apparel manufacturing industry has now taken the onus on itself to address the energy crisis that has worsened in 2023 with power cut for over 125 days in the first eight months of the year, not only its own survival but also to
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Bangladesh has embarked on a global outreach strategy, focusing on diversifying its partnerships and expanding its Ready-Made Garments (RMG) sector with a renewed focus on innovation and sustainability.
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Stagnant since 2018 at BDT 8,000 (US $ 73), the minimum wage in Bangladesh is lower than that in China, Cambodia, India and Vietnam. Labour unions are now vociferously pushing for a raise in the same to BDT 23,000 (US $ 209) monthly.
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Manufacturing
Gauging Bangladesh RMG industry’s preparedness to achieve US $ 80 billion export revenues by 2030!
According to government officials, a well-defined roadmap has been created to achieve the target of US $ 80 billion by 2030 and the capacity expansions that Bangladesh is witnessing will also become fully operational in next couple of years