The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has formally asked the National Board of Revenue (NBR) to permit raw material imports on a free of cost (FOC) or without a Letter of Credit (LC) condition.
Business News
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There was no agreement reached by a governmental advisory council yesterday about the possible sale of 16 Beximco Group textile and apparel facilities, according to reports.
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Chittagong Port's operations, which are essential to the Ready-Made Garment (RMG) industry, are being severely disrupted by a fee dispute between shipping brokers and berth operators.
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A key sector of the Bangladeshi economy, the textile industry is becoming more and more dependent on imported yarn and fabrics, especially for knitwear producers, even though significant local investments have been made to increase production capacity.
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Mavis Garments Ltd. and Shafi Processing Industries Ltd., both units of Giant Group, have been awarded the Letter of Recognition from the RMG Sustainability Council (RSC), reports claim.
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The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Administrator, Anwar Hossain, met with a high-ranking team from the China Council for the Promotion of International Trade (CCPIT TEX) at the BGMEA Complex in Dhaka.
