Participants highlighted a convergence of pressures — including global cotton price volatility, rising utility expenses and the growing influx of imported yarn — which they warned was pushing the spinning segment dangerously close to its breakeven threshold.
Manufacturing News
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Under the MoU, both organisations will collaborate on key areas such as trade facilitation for CMSME entrepreneurs, export diversification, joint research related to Bangladesh’s impending LDC graduation, training and capacity-building programmes, policy dialogue, and information exchange.
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Amid escalating political and security instability, global apparel buyers have started pulling out of planned visits and meetings in Dhaka, raising concerns over potential disruptions to work orders for the coming two seasons.
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Industry leaders warned that the shutdown of spinning mills would jeopardise the livelihoods of millions of workers, expose banks and financial institutions to severe risks, and leave Bangladesh’s flagship textile and apparel industries dependent on foreign suppliers
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Garment sector leaders have pressed the NBR to act against widespread abuse of bonded warehouse benefits, saying rogue traders divert duty-free materials into local markets unchecked.
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Manufacturing
Dhaka airport fire triggers over Taka 600 crore in insurance claims; 70% from RMG sector
Insurers say claims have come from a wide range of sectors, including commodities, readymade garments, pharmaceuticals and power, with about 70% of all claims originating from the RMG sector.
