** Teletalk owes govt Tk 1695cr ** Imported meat causes threat to public health ** Survivors give harrowing accounts ** Death toll crosses 5100 ** UN chief fears world is heading toward a wider war ** ‘IMF loan programme can be touchstone of financial sector reforms’ ** Wayfarers walk taking risks over a wide drain at Kakrail area in the capital on Tuesday, as construction work is going on there slowly. NN photo ** Covid tests begins with home made kit ** HSC results to be published today ** Turkey declares state of emergency for quake zone ** Slow place in Dhaka’s canals demarcation not acceptable ** Powerful earthquakes jolt Turkey and Syria ** Apparel sector eyes $15b Indian raw material support ** Belgium's Queen Mathilde Marie Christine visits corporate building, production house, day-care centre and different parts of knit composite manufacturing company Fakir Apparels Limited in Narayanganj district on Monday. PID photo ** President and PM express shock over quake in Turkey, Syria ** DB's final report clears Bushra, settles on suicide ** Turkey earthquake is country's worst disaster in 84 years: Erdogan ** IMF’s loan condition Additional Tk 65,000cr to be collected next year ** Major earthquake in Turkey, Syria kills nearly 2,300 people ** Bangladesh not sure to what end Indo-Bangladesh friendship is leading under Mr Modi's anti-Muslim stance ** PATHETIC INDEED! Geeta Biswas, a poor woman, failed to purchase OMS (open market sale) rice after standing in a long queue for hours. At last, she climbed into the truck for rice. When she tried to pick up the scattered rice in bags from the truck, the sellers took away the bags from her. Later she picked and took about one and a half kilos of rice. This photo was taken from Agrabad Government Commerce College area in Chattogram on Sunday. Agency photo ** Sending migrant workers BD-Malaysia agree to review MoU signed in 2021 ** Draft data protection law is a matter of concern: US envoy ** Pakistani former President Pervez Musharraf dies ** GDP growth in FY22 reaches 7.10pc **

RMG exports go up slightly in November

28 November 2022

Staff Reporter :
Apparel exports increased slightly in November, despite the industry is facing manifold troubles caused by the Russia-Ukraine war, insiders said.
The troubles are gas and electricity crisis, slower in orders, increase in prices of raw materials.   
The country readymade garment (RMG) shipment grew by 5.72 per cent year-on-year to $ 2 billion in first 20 days of November from $ 1.9 billion that was in the same period of the last year, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The entrepreneurs of the sector projected that the export is likely to be $3.3 with 2 per cent growth at the end of the current month but the amount is around $370 million less than the previous month (October), if the current trend continues.
The exporters shipped apparel worth $ 3.68 billion in October.
Mohammad Hatem, Executive President of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), told The New Nation, "Enquiries have increased slightly. But the buyers are not placing orders. Such situation will continue till next January."
"The troubles faced by the apparel sector are mostly bank related. We need support from the Bangladesh Bank to solve the problemes," he added.    
The industry, however, is emphasizing on technologies to enhance competitiveness and transparency, the entrepreneurs said.
In a meeting with a delegation of a UK Company on Sunday, BGMEA President Faruque Hassan said RMG industry is increasingly putting emphasis on technological up-gradation ranging from the manufacturing process to design development, productivity improvement, environmental sustainability, resource efficiency, quality enhancement to workers' well-being.
"We are getting prepared to meet the challenges of the fourth industrial revolution. By embracing technological advances and developing the skills of workers, we aim to turn the challenges into opportunities as technological upgradation will contribute to enhancing our industry's competitiveness in the coming days," he added.
Kris Van Broekhoven, CEO of the UK's ES3G, said, "We are delighted that the BGMEA is keen support new technologies that increase transparency in worker rights. Bangladesh has led the way with the Alliance, Accord and other initiatives, bringing a lot of investment in ESG to Bangladesh, which has the highest number of green garment factories in the world."
"With BGMEA's help, our technology can support increased transparency and better communication of worker treatment to retail buyers and brands and their own customers online and in-store," he added.

Add Rate