Manufacturing News

BTMA President Shawkat Aziz Russell said the decision to close mills had been taken under compulsion, as mill owners were no longer in a position to service their bank liabilities under prevailing conditions

The BGMEA and the BKMEA called for the immediate withdrawal of the duties, describing the decision as unilateral and poorly timed amid a prolonged global slowdown and persistent domestic energy shortages.

Investors will be able to access key services such as opening bank accounts, obtaining trade licences and availing financial and municipal services through a single digital interface in a faster, more transparent and less cumbersome manner.

The proposed plant will manufacture polyurethane and polyethylene foam, recycled foam, as well as finished products including mattresses, pillows, comforters and shoe insoles. These products cater to a wide range of industries, such as home textiles, footwear and packaging.

Bangladesh’s garment industry had already demonstrated the feasibility of achieving US $ 50 billion in exports and that the packaging industry had similar potential under the right policy framework and incentive structure.

BGAPMEA president Md Shahriar said that although global demand for packaging products was expanding rapidly, Bangladesh was failing to capture a proportionate share of the market.